No doubt the last few posts have raised a lot of questions. I'll try to answer some of them here:
Given the current fragility of the Euro zone, isn't there a risk that a European work stoppage could cause the Euro to collapse?
Yes. Of course. That would be the point -- to bring it down, to force it to collapse. Why not? It's going to collapse anyhow, of its own weight. But the longer that takes, the harder it's going to be for workers throughout the zone. And every indication is that the leaders, who are after all part of the 1%, are going to draw out the painful process indefinitely. A Europe-wide united labor action would force the issue, thus freeing workers from the grip of an increasingly intolerable "austerity."
How can workers organize on a worldwide basis when the cost of labor varies so greatly from one part of the world to the other?
Yes, third world labor costs far less than first world labor, and as a result European and American workers are finding it more and more difficult to compete with Asiatic, Middle Eastern and African workers -- which makes both groups increasingly vulnerable to exploitation by globally based corporations. If we look more closely, however, we will see that the differences are not as great as they may seem. While American workers earn far more in US dollars than Asiatic workers, Asiatic workers can buy a whole lot more with each dollar (or its equivalent) than Americans.
Thus, Chinese workers, for example, have a far greater savings rate, a high level of home ownership, and far less mortgage debt. In fact they have very little debt at all. I'm not saying they have as much spending power as US workers, because most Chinese still earn less than we do, and have far fewer choices as consumers. Nevertheless, the income discrepancy is not as high as it might seem. What makes them so competitive with US or European workers is the largely the discrepancy in the value of the Chinese currency compared with the dollar, euro or pound.
So in principle the competition isn't really that great. It's largely the result of distortions introduced by a monetary system that favors "cheap" Asiatic labor and gives a huge advantage to large corporations capable of moving their operations anywhere in the world. The monetary system and the corporations work in tandem as part of a process through which all workers are exploited. So the goal of a united world workforce is to promote the collapse of that system, not cooperate in (futile) efforts to delay its (in any case inevitable) collapse. Once it collapses, a more logical and equible economic system, based on the production and distribution of resources, will be possible.