Today’s Greatest Transfer of Wealth to the 1% is Due the Government’s Austerity Agenda and to the Default of the Labor Bureaucracy/Social Democracy!
To better understand this phenomenon one must read Trotsky and the Iron Heel To Better Understand the Current World-Wide Treacherous Role of the Union Bureaucracy, one Must Read this Essay Everywhere in the world, today’s labor bureaucracy in in alliance with the 1%, in opposition to the working class! and watch the Video: Why the Economy is Broken For 99% of Us
From Trotsky and the Iron Heel:
One must accentuate especially the role which Jack London attributes to the labor bureaucracy and to the labor aristocracy in the further fate of mankind. Thanks to their support, the American plutocracy not only succeeds in defeating the workers’ insurrection but also in keeping its iron dictatorship during the following three centuries. We will not dispute with the poet the delay which can but seem to us too long. However, it is not a question of Jack London’s pessimism, but of his passionate effort to shake those who are lulled by routine, to force them to open their eyes and to see what is and what approaches. The artist is audaciously utilizing the methods of hyperbole. He is bringing the tendencies rooted in capitalism: of oppression, cruelty, bestiality, betrayal, to their extreme expression. He is operating with centuries in order to measure the tyrannical will of the exploiters and the treacherous rôle of the labor bureaucracy. But his most “romantic” hyperboles are finally much more realistic than the bookkeeper-like calculations of the so-called “sober politicians.” It is easy to imagine with what a condescending perplexity the official socialist thinking of that time met Jack London’s menacing prophecies. If one took the trouble to look over the reviews of The Iron Heel at that time in the German Neue Zeit and Vorwärts, in th Austrian Kampf and Arbeiterzeitung, as well as in the other socialist publications of Europe and America, he could easily convince himself that the thirty-year-old “romanticist” saw incomparably more clearly and farther than all the social-democratic leaders of that time taken together. But Jack London bears comparison in this domain not only with the reformists. One can say with assurance that in 1907 not one of the revolutionary Marxists, not excluding Lenin and Rosa Luxemburg, imagined so fully the ominous perspective of the alliance between finance capital and labor aristocracy. This suffices. in itself, to determine the specific weight of the novel.
Throughout the World the Social Democratic Labor Bureaucracy Has Politically Supported and Been in Alliance With the Capitalist Class!
In the United States the Unions are in a contractual partnership with the boss! Since the Labor Bureaucracy’s collaboration with the Boss and the 1%’s Democratic Party, Real Wages Have Been Cut Over 100% Since1974! — Wages Have Not Kept Up With Inflation!
Since the Neoliberal Labor Bureaucracy declared itself to be in a (Domestic) Partnership With the Boss’ (‘Bedding the Boss!’) was fully institutionalized starting in the mid-1980s, this ‘partnership’ gave birth to the one, two, three, etc. .. wage tier system! Selling out the futures of future young workers entering the labor force. And, since the lowest union wage is immediately the highest non-union wage, this wage tier system cut the real wages of the entire working class! When I was a union official, I called this system labors’ rush to the bottomAs this Shadow Government Statistics Real Average Weekly Earnings 1965 to August 2015 clearly demonstrates.

Or as it was stated in the Brooking Institute article Low-Wage Work is More Pervasive Than You Think, And There aren’t Enough “Good Jobs” To Go Around 2019: “ Even as the U.S. economy hums along at a favorable pace, there is a vast segment of workers today earning wages low enough to leave their livelihood and families extremely vulnerable. That’s one of the main takeaways from our new analysis, in which we found that 53 million Americans between the ages of 18 to 64—accounting for 44% of all workers—qualify as “low-wage.” Their median hourly wages are $10.22, and median annual earnings are about $18,000. (See the methods section of our paper to learn about how we identify low-wage workers.) The existence of low-wage work is hardly a surprise, but most people—except, perhaps, low-wage workers themselves—underestimate how prevalent it is. Many also misunderstand who these workers are. They are not only students, people at the beginning of their careers, or people who need extra spending money. A majority are adults in their prime working years, and low-wage work is the primary way they support themselves and their families.”
The Way out of the Current Condition.
All is not lost, for today’s youth, due to these austerity laws, that they inherited from their forefathers. Are opposed to the austerity political programs of the world capitalist class.
The majority of today’s are sympathetic to socialism! This is shown by the support for Social Democrats like Bernie Sanders. However, the Social Democrats do not and have not directly opposed Capitalist Austerity.
As the Capitalist Thieves Steal from the 99% — Only the 1% Voted For Austerity — The 99% Should Decide On Austerity — Not Just The 1% Who Profit From Austerity! Let the 99% Vote on Austerity!
Austerity is a Political Progam, and it Must be Oppose Politically.
In most of the countries in the world, there are working-class and Socialist Parties. Through the default of the Trade Union Bureaucracy and their political party, the party of Obama austerity, the working class has no voice for their frustration with austerity.
I believe, at his time, that, at his time, it is utopian to call for a labor party, based upon the trade union bureaucracy. But rather, socialist should speak out against austerity and try to form an anti-austerity organization, study groups, clubs, ect., to begin a discussion of how to fight back under the present conditions. We must educate, agitate, and politically organize against austerity.
To better understand this phenomenon one must read Trotsky and the Iron Heel To Better Understand the Current World-Wide Treacherous Role of the Union Bureaucracy, one Must Read this Essay Everywhere in the world, today’s labor bureaucracy in in alliance with the 1%, in opposition to the working class! and watch .Why the Economy is Broken For 99% of Us.
Throughout the World the Social Democratic Labor Bureaucracy Has Politically Supported and Been in Alliance With the Capitalist Class!
In the United States the Unions are in a contractual partnership with the boss! Since the Labor Bureaucracy’s collaboration with the Boss and the 1%’s Democratic Party, Real Wages Have Been Cut Over 100% Since1974! — Wages Have Not Kept Up With Inflation!
Since the Neoliberal Labor Bureaucracy declared itself to be in a (Domestic) Partnership With the Boss’ (‘Bedding the Boss!’) as fully institutionalized starting in the mid-1980s, this ‘partnership’ gave birth to the one, two, three, etc. .. wage tier system! Selling out the futures of future young workers entering the labor force. And, since the lowest union wage is immediately the highest non-union wage, this wage tier system cut the real wages of the entire working class! When I was a union official, I called this system labors’ rush to the bottomAs this Shadow Government Statistics Real Average Weekly Earnings 1965 to August 2015 clearly demonstrates.
Or as it was stated in the Brooking Institute article Low-Wage Work is More Pervasive Than You Think, And There aren’t Enough “Good Jobs” To Go Around 2019: “ Even as the U.S. economy hums along at a favorable pace, there is a vast segment of workers today earning wages low enough to leave their livelihood and families extremely vulnerable. That’s one of the main takeaways from our new analysis, in which we found that 53 million Americans between the ages of 18 to 64—accounting for 44% of all workers—qualify as “low-wage.” Their median hourly wages are $10.22, and median annual earnings are about $18,000. (See the methods section of our paper to learn about how we identify low-wage workers.) The existence of low-wage work is hardly a surprise, but most people—except, perhaps, low-wage workers themselves—underestimate how prevalent it is. Many also misunderstand who these workers are. They are not only students, people at the beginning of their careers, or people who need extra spending money. A majority are adults in their prime working years, and low-wage work is the primary way they support themselves and their families.”
The Way out of the Current Condition.
All is not lost, for today’s youth, due to these austerity laws, that they inherited from their forefathers. Are opposed to the austerity political programs of the world capitalist class.
The majority of today’s are sympathetic to socialism! This is shown by the support for Social Democrats like Bernie Sanders. However, the Social Democrats do not and have not directly opposed Capitalist Austerity.
As the Capitalist Thieves Steal from the 99% — Only the 1% Voted For Austerity — The 99% Should Decide On Austerity — Not Just The 1% Who Profit From Austerity! Let the 99% Vote on Austerity!
Austerity is a Political Progam, and it Must be Oppose Politically.
In most of the countries in the world, there are working-class and Socialist Parties. Through the default of the Trade Union Bureaucracy and their political party, the party of Obama austerity, the working class has no voice for their frustration with austerity.
I believe, at his time, that, at his time, it is utopian to call for a labor party, based upon the trade union bureaucracy. But rather, socialist should speak out against austerity and try to form an anti-austerity organization, study groups, clubs, ect., to begin a discussion of how to fight back under the present conditions. We must educate, agitate, and politically organize against austerity.