The new (capitalistic) normal — Arveent Kathirtchelvan | Malay Mail

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The new (capitalistic) normal — Arveent Kathirtchelvan | Malay Mail
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APRIL 30 — Tomorrow will be the dawn of a new May Day, the first (and last, hopefully) to be celebrated during the Covid-19 pandemic. Many have pointed out how the nature of work has fundamentally changed due to all of the adaptations businesses had to undertake in handling the pandemic. Pundits...

APRIL 30 — Tomorrow will be the dawn of a new May Day, the first to be celebrated during the Covid-19 pandemic. Many have pointed out how the nature of work has fundamentally changed due to all of the adaptations businesses had to undertake in handling the pandemic.

Even if this realisation does manifest, there may not be enough self-belief in common people to thrust their needs into the narrative effectively.Time and again, the capitalist superstructure which siphons riches away from the Third World into the pockets of the wealthiest 1 per cent, depends on the erosion of workers’ rights and manipulation of legal structures relating to capital accumulation to sustain itself.

The increased rate of unemployment further exacerbates the matter by increasing the unemployed labour pool. This makes it so that the number of people desperate enough to accept worse offers from employers increase, thus the overall compensation to workers decreases. More likely is the usurpation of the Covid-19 pandemic to set a worse offer as the new normal and scale marginally from there, eventually leading to better return of capital to investors than before.

The money paid by society to a centralised governing body for social work is expected to bail out businesses that, in normal times, demand instead for their profits to be left alone by society. However, we have also stated that this must be coupled with strong, pro-workers’-union policies and a reform of GLCs to not focus on generating private profits, rather profits that then are oriented to more job creation, better compensation for workers and bettering social needs such as healthcare.

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