Tag Archives: Economy

Germany, Huawei and the economic war

Email Internet spyingBERLIN/BEIJING/WASHINGTON (german-foreign-policy.com) – Infineon is the first German company to be caught between the firing lines of the US economic war against China. Yesterday, the Trump administration began to enforce the implementation of its boycott against the Chinese Huawei telecommunication group that it had announced just last Wednesday. The US government seeks to ruin one of China’s major companies, Huawei, to prevent the continued rise of People’s Republic. Continue reading

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Bombardier debacle shows what it means  for Quebec to be ‘open for business’

By K.C. ADAMS

2011.01.29-HamiltonDayofAction-61crop3The U.S. warmongers of Boeing and the Pentagon have crushed Bombardier’s Canadian commercial jet production. While doing so, they also seized Brazil’s Embraer commercial jet production this past July. The anti-social pro-U.S. coup government of Brazil appears to have approved the Boeing takeover of Embraer. The former Brazilian governments of Presidents Lula da Silva and Dilma Rousseff opposed the U.S. war profiteers gaining control of Embraer. However, Rousseff was removed from office via a parliamentary coup in 2016 and Lula was unjustly imprisoned and blocked from running again for office this year. The foreign seizure of both Embraer and Bombardier’s commercial jet sectors leaves Boeing and the Pentagon in face-to-face open combat for dominance with Airbus and its European backers. Continue reading

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Filed under Canada, Working Class

GM shutdown, the loss of jobs and manufacturing value must be stopped

Time for a new direction for the economy under the control of Canadians! | K.C. ADAMS

2018.11.26-OshawaUnifor222PressConfGMClosing-Unifor222-02cr

Unifor 222 press conference, November 26, 2018, demands GM keep Oshawa plant producing.

GM executives in Detroit have announced the closure of an auto assembly plant they control in Oshawa, Ontario. The shutdown will terminate the direct employment of 2,522 auto workers, members of Unifor Local 222 and a large number of salaried workers, and result in an enormous loss of value for the Canadian economy and community. Continue reading

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Bombardier economy in turmoil

Necessity for a new pro-social outlook and direction for the economy | K.C. ADAMS

2012.04.21.TorontoDOAAgainstCutsSigns-48CR5For the second time in two years, Bombardier has announced massive cuts to its workforce. In 2016, the global oligopoly fired 7,000 workers; this time another 5,000 workers will be dismissed: 2,500 workers in Quebec, another 500 in Ontario and 2,000 elsewhere with Belfast in the north of Ireland the most probable target. Continue reading

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On the US attack against Oshawa auto workers

In the same breath as they pass brutal anti-worker legislation to criminalize the postal workers, the cartel parties ooze sympathy for the auto workers in Oshawa. The pundits are brought to the fore by the media to cynically tell the workers “to move on” and “prepare for the new economy” featuring robotics and automated cars. The president of Unifor is right when he says this is an attack on both the workers and the nation but is not he the one who cast his lot with NAFTA and split the CLC and now fulminates how he has been “betrayed” and will “fight.” That will be a good thing! Continue reading

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For your information: Data on Nova Scotia’s economy and workforce

Workers’ Forum is providing below information on Nova Scotia’s economy and workforce, as well as that of neighbouring Maritime provinces. The aim is to combat the disinformation spread by the monopoly media and cartel political parties about the economy which obscures the integral role of workers in producing all the social wealth. Continue reading

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For your information: NAFTA becomes USMCA

NotInOurNameThe supranational oligopolies that control the economies of North America and seek global hegemony have tightened the screws of their domination over the peoples of the U.S., Mexico and Canada. The changes to the North American Free Trade Agreement (NAFTA) in becoming the U.S. Mexico Canada Agreement (USMCA) have both strengthened and loosened the rules of international trade on the continent to favour the most powerful oligarchs. Continue reading

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