Our buying power with dollars of our wages is what it was in 1970. In other words, when I first started working, that's what I'm making now. It means that you have back problems. It means that at the end of the day instead of being able to be conscious and do some - spend some time reading or spending time with your friends or family, that you sit down and go to sleep because you're so exhausted. They attribute their increase in profit and productivity to computerisation or to the new economy so-called, but it really comes from speeding up workers on the line.
All wealth comes from workers.
All the increase they can get in wealth is from pushing us harder, or pushing the prices farmers receive for their products like milk lower, or it's massive speculation on - in the stock market, which has made the stock market values all way far beyond what any capitalist economist would admit was the possible value of the company to produce profit. So all of this is leading towards a major social and economic crisis some time in the future, and the boom that's not a boom for most working people is going to become a nightmare for all of us when that happens. Margaret Trowe of the Socialist Workers of America and a Vice-Presidential campaigner at the present time. She's visiting Australia for contact and a lecture series. Transcripts on this website are created by an independent transcription service.