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Tuesday, January 06, 2015

Capital Is International

Governments and politicians like to portray themselves as patriots but as representatives of international capital they have no country. Here are two recent examples. 'Club Med resorts are set to fall into the hands of one of China's richest men for more than 900m .' (Sunday Times, 4 January) 'The American private equity giant Bain Capital is drawing up plans for a £1.2bn swoop on TI Automotive, one of the most famous names in British manufacturing.' (Ibid) These two transactions will have the blessings of the officials concerned because they represent bigger international profits. Not because of some parochial local interests. RD

2 comments:

  1. Anonymous12:59 pm

    And because of that, the workers becomes international too.

    sarda
    an Ordinarian

    ReplyDelete
  2. Anonymous4:07 pm

    When I talk of ordinary people I refer to the workers of the world, they are the opposite of the elites of the world. I call myself Ordinarian because I belong in the world of ordinary people, wherein in this world, as a worker I abide by the principles that prevails in this somewhat undeclared society, The principles are simple, it is not rocket science, that is why I called it The Five Basic Principles (of the Working Class) and these are:
    1.Don't be a burden!
    2. Be Independent!
    3. Strive to be equal and be counted!
    4.Be practical!
    5.Learn and improve!
    The sixth is apply the Golden Rule, that is, apply the 5 basic principles to others as they apply them to you, and you will treated like a real human being, for the workers, that is "the way" to become human.

    sarda
    an Ordinarian

    ReplyDelete