Carryfast:
Firstly Poland and Romania for two examples have been EU members since 2004/7 respectively.In which case wage parity with Western Europe by now wouldn’t exactly be a case of ‘overnight’ and even if it was why not assuming the EU is supposed to be so good for workers rights.
The UK has been a single political entity since say the 16th century, and yet there are still regional inequalities. The only way parity would be achieved is if the likes of Poland were subject to the same economic investment as the advanced economies have already made, AND the advanced economies themselves ceased to grow any further.
When Germany reunified for example, West Germany basically pushed a few trillion across the table to the East to bring it up to standard, and nevertheless the East still has a legacy of lower productivity. (I’d speculate the reason for that, incidentally, is that the USSR started from a much lower level of development across its territories - with the more advanced parts in Western Europe having to fund the improvement of the undeveloped areas - and spent it’s last 20 years in economic crisis and dysfunction prior to collapse.)
If there’s no such thing as Fordist Capitalism feel free to explain the definition of the term Fordism and ‘post Fordism’ as they apply/ied within western Capitalist economies ?.
They’re your terms! I recognise “Fordism” as a kind of industrial policy, not as a bygone form of capitalism. The problem with ‘returning to Fordism’ is that it is already fully implemented and we never left it behind - Western economies have ample productive capacity to meet all current needs.
The problems we have today are in the dysfunctional distribution of wealth. We aren’t facing a crisis of production like famine - we’re facing a crisis of a farmer with a farm and a grain store who refuses to dole out any food or grow any crops! Just like the 1930s, when there were hunger marches, whereas under conditions of war in the 1940s everyone was fed sufficiently. It’s not that bombs make crops grow better, it’s that the crops were always growing well (or had the potential to grow well), and it was only under war conditions that the politicians finally had to pull the levers and ensure people were fed (and IIRC after the war, there was extensive land reform to raise agricultural productivity further and reduce the reliance on foreign trade).
As for the laws of supply and demand in either case it’s obvious that both Fordism and Thatcherism are both a form of artificial manipulation of free markets.The former being all about maximising wage levels ( together with the bonus of enforcing trade balance ) by using trade barriers.While the latter is all about minimising wage levels,in the form of race to the bottom free markets.Which just take advantage,of the exploitation of the cheapest labour,by conveniently ignoring or even dissolving national borders as in the case of the EU,or trade with exploitative regimes like China.In all cases you can’t legislate the laws of supply and demand out of existence by trying to apply an unsustainable minimum wage within a saturated over supplied labour market or in which we have free trade based on exploitation of foreign cheap labour in the form of imports.
If you can’t legislate supply and demand away, then what are you complaining about? And why attempt the supposedly doomed scheme of trying to restrict supply across national borders?
Why is it that you think national borders are a special kind of restriction on the labour market which is sustainable in the long term? And why restrict the free movement of labour, when the narrower problem is simply that of undercutting? Why not just outlaw undercutting?
As I’ve said, the volume of migrants would be significantly curtailed if employers had to hire them at the rate demanded by settled workers and under the conditions that settled workers demand, because in that case there would be an abundance of settled workers already motivated to work at those rates, and why then would employers prefer migrants (i.e. migrants who would be prevented from either accepting a lower rate, or from working under any conditions not acceptable to settled workers)?
We also have the technology these days so that you could analyse recruitment into an industry on an ongoing basis, and if there are spikes in migrant recruitment in particular industries, that could be used as an indicator that the minimum wage needs to be raised or that conditions need to be improved to preserve the attraction of those industries to settled workers (unless of course there is an absolute shortage of labour due to a roaringly healthy economy).
As for Corbyn he’s just a typical Socialist who certainly does believe in the EU and race to the bottom free markets project because he is ideologically opposed to the idea of the nation state.He’s obviously also willing to ally himself with the CBI and its continuation of Thatcherite economics.Just like Callaghan and Blair before him.
Well Corbyn isn’t a revolutionary, that is true.
Which isn’t surprising being that the aims of Socialism are all about the centralisation of power and removal of the nation state in the form of Federations whether it be the Soviet Union,Yugoslavia or now the EU.While pretending that it’s all about ‘being good for the working class’.When the alliance between Thatcherism and Socialism,as in the case of Corbyn’s pro EU stance,let alone the comparison between the fortunes of the American working class of the 1950’s and 60’s v their Soviet and Chinese counterparts,proves that it’s anything but.
The fortunes of the American working class were greatly enhanced by the threat of a communist revolution. The capitalist West was more developed than the USSR to begin with, and appropriately incentivised could provide people with good lives, and it did so. These days, we increasingly have a mixture of the evils of capitalism and the evils of communism - today it’s taken for granted that the state has a file on everyone, something that used to be a sign of the tyranny of the USSR.