Los Angeles, California
July 19, 2011 (9.40 pm)
http://www.parti-sosialis.org/en/node/1766
Dr Jeyakumar says: I will sojourn a Socialist as well as Why
Hey Kumar! Still sloping during windmills have been you? a alloy friend greeted me during an MMA function 4 years ago. There had been some headlines regarding a Parti Sosialis Malaysia in a media which prior week.
For many, a socialist experiment had already been assigned to a dustbin of history as well as usually deluded people would still work towards socialism.But in a PSM, you hold which socialism has an important, even crucial, role to fool around in averting a collosal economic-ecological mess which will occur inside of a subsequent 30-60 years!
We hold which a universe has to find a applicable pick to an manage to buy driven by corporate greed. We advance 3 categorical arguments for this position.
1. Malaysias stream mercantile march recommends to a Race of a bottom
The tellurian owners of collateral as well as technological imagination who control market access have been a relatively small series of corporations about 500 to 1,000. They have turn all powerful in a unipolar universe of currently as well as they can bargain hunt. Even a greatest governments cant control them.
The measures which Malaysia is receiving to attract investors in to Malaysia include
- Lowering corporate taxation as well as supplementing taxation income by enacting a GST. The taxation burden is being shifted onto typical Malaysians
- Enhancing work flexibility. This is a inapplicable designation it undermines pursuit confidence as well as workers rights by allowing contractualizing of work as well as by weakening unions.
- P! rivatiza tion of simple services such as illness care as well as tertiary education.
All these measures pile mercantile pr! essure o n a reduce 70% of a population.And these have been measures alternative developing countries have been additionally receiving each outdoing a neighbor in a mad rush for FDI. It is very difficult to build a caring society inside of this horizon of development.
2. Chronic underneath expenditure heading to massive expansion of monetary collateral as well as increasingly volatile monetary bubbles
The capability of vast corporations to bargain track in a cheapest sites to station their factories has meant mega-profits for these corporations though during a same time has stunted a aggregate expenditure energy of a tellurian economy. When a US or European organisation lays off 100 US workers by changeable to China as well as employing 100 Chinese workers during 1/7 a wage, a sum shopping energy of a working class is reduced.
The absence of strong expansion in consumer demand dictates which a increase of a corporations cannot be invested in a prolongation of some-more consumer goods. So a corporations need to try alternative alternatives to make income such as a Futures Market, Currency Trading, a Share Market, as well as alternative monetary products like derivatives.
This tendency is highlighted by a actuality which Quantitative Easing a recover of some-more income in to a US manage to buy in an bid to kindle industrial prolongation to illustrate shortening stagnation has backfired in to a origination of some-more monetary froth in assorted parts of a world. The complaint is sluggish consumer demand, not a lack of prolific capital.
The emanate here is not deficient regulations though a misdistribution of a worlds wealth! To address this problem, a energy of a corporations has to be challenged!
3. We have been reaching a environmental boundary of growth
The tellurian manage to buy is heavily dependent upon petroleum. This commod! ity is s tarting to run out inside of a subsequent 50 years or so. We urgently need to think not usually of alternatives sources of fuel, though additionally of much larger fuel efficiency!
Global warming is with us. How shortly as well as how fast sea levels have been starting to climb is st! sick a ma tter of conjecture though does which meant you can afford to omit a emanate if it usually impacts a grandchildren as well as not us?
An mercantile model which requires a tellurian average rate of expansion of 4% per year to equivocate downturns is clearly not sustainable! Not for a subsequent 50 years! We need to redistribute a wealth you already have been creating some-more equitably. We have to cut down waste! Growth cannot be endless.
All of these have been usually probable if you have been ready to plea a model which violent fervour will lead to a best probable outcome for a worlds majority since Adam Smiths Invisible Hand is still handling in todays corporate led globalization.
The typical people of a universe need to take energy to foreordain a citation of a national or
universe manage to buy away from a hands of a 560 richest corporations of a world.
We need to empower a marhean of a universe to take upon these tasks by a approved process. These have been a tasks confronting 21stcentury socialism. These have been not easily attainable goals.
But a problems you have been confronting have been extremely serious. Unchecked they could lead to an ecological, food or climatic mess which will lead to a decimation of a worlds population.
This is not a universe which I instruct to bequeath my grandchildren. That is because I am a socialist as well as intend to sojourn so despite a EO-ISA arrest!
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