The Spark July 2009
The sub-prime crisis and credit crisis have finally brought an end to the “good times”. As trade has slowed down, unemployment has begun to rise and in some countries, large scale demonstrations have occurred in anger against the collapse of the economy and the attacks on workers that have followed.
If workers do not fight back, the recovery when it comes will leave workers worse off than before. As always, workers’ wages and working conditions will be cut in response to the recession and unemployment. Read the rest of this entry »