While capitalists and their paid politicians will scoff at these demands, claiming they are economically infeasible or impossible, this is because th… - James Dennis Hoff
" "While capitalists and their paid politicians will scoff at these demands, claiming they are economically infeasible or impossible, this is because they only understand the language of profit and cannot imagine a world run for the benefit of all. Nonetheless, the fact remains that capital has significant resources that could and must be made available to all working people. Most major corporations such as Amazon, , Disney, Delta, GM, etc., have enough reserves and more than enough credit to continue to pay their employees the full amount of their wages for the length of the health crisis. Therefore, in the case of private corporations, working people must demand that the federal government make any future market aid contingent upon a wholesale indefinite ban on all layoffs, with full wages and continued benefits for all employees, whether they are working or not. States must likewise make all operating licenses for private companies and corporations contingent upon the same demand. Industries that refuse, particularly health, transportation, and manufacturing industries should immediately be subject to nationalization under workers’ control.
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About James Dennis Hoff
James Dennis Hoff is an American author, educator, and activist. He is an of English and American Studies at the .
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Working people are facing what could be the biggest unemployment crisis since the Great Depression. As states and cities across the country continue to shut down schools, libraries, restaurants, bars, and other non-essential services in order to stop the spread of the coronavirus, hundreds of thousands of workers have already lost their jobs, and millions more will soon follow. While restaurant, theatre, hotel and hospitality workers have been some of the first to see massive layoffs, huge losses in travel, retail, and oil drilling and extraction industries are also expected, as more and more people are quarantined. [...] Such job losses would mean dire poverty for huge sections of the working class.
Any company that cannot or will not comply with these demands should be nationalized under workers’ control or expropriated directly by the workers themselves. Wherever possible the capital of these companies should also be immediately put to the service of solving the current economic and and providing for the full needs of the working class. Sitting by and allowing companies to layoff workers, on the other hand, expecting that the crisis can be solved with an expansion of the existing safety net, or direct cash payments, would be a huge mistake and would only weaken the power of the working class and ultimately strengthen the power of capital.
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While this will certainly mean short term losses for wealthy s, these crashes — signs of a coming — are nonetheless part of the bigger process of what Leon Trotsky called “capitalist equilibrium,” and are one of the main mechanisms by which capitalism manages to maintain its power and reproduce itself anew. As Trotsky explained: capitalism “possesses a dynamic equilibrium, one which is always in the process of either disruption or restoration,” and it is this dynamic equilibrium — not any greater capacity for the production or distribution of necessary commodities — that has allowed capitalism to maintain itself for so long.
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