The chairman of Magna Corp., Frank Stronach, an auto parts giant, of whom I have often mentioned his 'salary' of some $50 million per year, has stepped back somewhat to let someone else have a go. In the process he has restructured the share system so that the family trust benefits to the tune of some $863 million. The greed of capitalists knows no limits.
On the other side of the coin, A Toronto Star article (09/May/201) details the plight of pregnant women in Senegal. They face a one in twenty-one chance of dying in childbirth compared to one in 11 000 in Canada. For $1 a woman can get all the contraceptive counseling and pre and post-natal care necessary to avoid these ugly statistics of
capitalism. Hey! Couldn't Stronach ensure the safety of 863 million women? But then, there's no profit in that, is there?
Foreign Workers are coming in increasing numbers and filling the lower skilled jobs such as assembly line work, food serving, and meat packing. Their numbers rose 148% between 2002 and 2008 to a high of over 250,000.They are there to answer the capitalist call for cheap labour and swell the reserve army to keep a downward pressure on wages. John Ayers
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