Stock
Exchange and Workers’ Participation
By Daniel
Paquet
dpaquet1871@gmail.com
MONTRÉAL - « Stock
market analysts (in People’s Republic of China, -Ed.) are no less upbeat. They have assigned virtually unanimous ‘buy’ recommendations
to investors on all companies in the Shanghai Composite Index. A Bloomberg scale shows an average rating of
4.4. where 5 represents unanimous buy calls from analysts.
The
wall-to-wall optimism robs Chine lenders of their antenna. (…)
Nevertheless,
Beijing does not appear ready to let ‘a hundred schools of thought contend’.
(…)
The
state-run media has been instructed [sic]
to sow harmony wherever it can, prompting the People’s Daily, mouthpiece of the
Communist Party, to crow in its 2015 ‘public opinion’ in support about a ‘major
increase in consensus online’ in support of the party.” (Kynge, James, The
chronic spin that blights China’s economy, Financial Times, New York,
Friday 15th, 2016, page 7).
“The
projected stability of the non-energy commodity price Index masks divergent pressures
on component prices (in Canada, Ed.).
Lumber prices are expected to be a source of strength, benefiting from
stronger housing markets in the United States and China. In contrast, there is the potential for
downward pressure on base metals prices as several new mining projects come on
line globally.” (Bank of Canada, Global
Economy, Monetary Policy Report, Ottawa, July 2016, page 5).
As for the
leading role of the working class in the process of production of the wealth
and its distribution, the British TUC (Trade Unions) General Secretary, France
O’Grady, says on the participation of working people: ‘Countries that allow
workers to play a stronger role in companies have benefitted from greater
investment in research and development, and lower rates of poverty and inequality.’ The union leader adds: ‘allowing workers to
sit on company boards is a commonsense move that would do much to improve the
reputation and performance of corporate Britain.’” (O’Grady, Frances, Stronger role for workers is a
sensible move, Financial Times, Letters, Friday 15, July 2016, page 6).
‘Comrade
O’Grady’, gives us – brilliantly! - the proof that participation of workers in
capitalist structures, like mass media here, (ex. Financial Times that allows him to publish ‘his’ opinion) do not
change the structure and objectives of imperialism (now decaying
capitalism). It will at the end of the
day supplies capitalism with a new show-case, proper to feed working-people
with new illusions. This is the crux of
the matter with social-democracy.
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