Fwd: [Christian_Left] The Demographic Question

[Michael Bindner <bindner@IowaFiscalEquity.net>]

Michael Bindner <iowaequity@yahoo.com> wrote:

To: social_ins@cog.kent.edu, christian_left@yahoogroups.com
CC: orglabor@cog.kent.edu
From: Michael Bindner
Date: Thu, 19 Jun 2003 07:36:25 -0700 (PDT)
Subject: [Christian_Left] The Demographic Question

I remembered the second question to get discussion rolling.

 

Please provide your views on the inter-relatedness of the demographic time bomb known as "The Aging Crisis" where developed nations are not replacing themselves and globalization, where much modern manufacturing is accomplished by workers in the third world who cannot afford to purchase the products they produce.  A few questions to ponder:

 

How unstable is this situation? Is Marx right - will this situation eventually lead to revolution or is the history of the industrialized world a better indicator - with the creation of a consumer class among the workers which will eventually organize for higher pay and benefits?

 

How does ownership fit into this picture?

 

It would seem that the advocates of the President's plan to privatize Social Security are depending on the stability of globalization to fudge their way out of the aging crisis, giving American workers ownership in multi-nationals which will send their profits and their products to the U.S. for what is essentially green paper.  Are they right?  Does their scenario make concerns about A+B meaningless?

 

I have posted my opinions on my site www.christianleft.net in two essays.  One about the true nature of the Social Security Crisis and the need for a broad based tax credit for each child at a middle class level at http://www.christianleft.net/FiscalPolitics/socialsecuritycrisis.html and one about the solution on a multi-national level  at

http://www.christianleft.net/GlobalJustice/multinationals.html.

 

My proposed solution is to invest Social Insurance and Union Pension assets in employee ownership (see

http://www.christianleft.net/FiscalPolitics/socialsecurity.html and

http://www.christianleft.net/21stCentury/unionowned.html), leading employee and union owners to convert their multi-national operations as well.  Such firms can also aggressively purchase their suppliers and include the workers in the ownership community.  Could you enact the broad based tax credits without employee-ownership?  It is possible, although I believe that employee-owners would support such a credit while the wealthy owners of traditional firms would resist such a step as an interference with their property rights - and would use all means to kill such a proposal legislatively and through campaign finance.

 

This leads to the next question, which I will post under separate cover in the ownership section.

 

Michael Bindner

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