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About twenty million workers will begin receiving this month from August’s report of his working life as a result of the new season of labor data communication has started Social Security, through the Treasury Social Security, under the theme “Improving the present, ensuring the future.”

This new campaign is a continuation of that started in 2001 with the delivery of the contribution bases last year. Now, following the positive reception of the previous season, was sent to the workers as well as information on the contribution base for 2001, the report of its working life.

The new campaign is part of the proceedings that the Secretary of State for Social Security is undertaking to modernize the management and main objective is a further step in improving the service and outreach to citizens.

Therefore, the new initiative is twofold: to meet the needs of individuals, providing a more comprehensive and transparent of employment data, and improve the quality level of labor market information, that result in better management and care Citizens, especially, for the purposes of benefits.

The number of industrial data communications will be around twenty million. Communications were sent to all workers in all social security schemes that are currently in situations of high or low in the databases of the Social Security Treasury and have had some work activity in the last five years. Read the rest of this entry »

The residence of Our Lady of Oreto and Zuqueca is poised for imminent closure if the City Council and the management company Granatula unable to reach an agreement so far is far away.

A score of older people live in this center run since May 2008 Gesmayor Group 5, a company that claims losses of more than 100,000 euros in operating expenses and not paying the Consistory since last November, although the Board and paid in September to local government the second and final installment of the annual grant of 2010 (“over € 200,000 in total”, as recognized by the City Council). Internal workers also have not cashed the payroll of February and already fear a record of employment regulation that, if finally comes, it could become the prelude to closing.

The conflict goes back almost to May 2008, although it did not explode until last November when the Mayor, Maria del Carmen Estevez, decided to stop paying monthly Gesmayor, which has led to some obvious problems economical for the manager to make continuation unfeasible, according to his manager. Until that date the company had collected monthly, but that form of payment will only respond to a verbal commitment to the former mayor, Fabriciano Gómez (PSOE), who had to leave office in January 2010 by a vote of no confidence supported by Estevez, who was then party colleague. Read the rest of this entry »

Companies nationally and internationally have been interested for congresses and conventions in the summer of 2011 at the Congress Palace of Palma, but not having a management company that can recruit only receive information on rooms, rates and other economic data, as indicated from the Hotel Association of Palma.

The fact that the management company is still owned by the Barceló Group and has not been resolved this issue administratively, prevents for the time formalize any formal contract. “There is a demand for organizing congresses of 1,500 people, which would lead to the Palacio de Congresos income of up to 150,000 euros for the procurement of space for three to four days. We hope that the current political situation is resolved and there is a political responsibility to market the Congress Palace Palma as it touches.”

Barcelo Group has 95% of the shares of the company managing the conference center, to be owned by Acciona the remaining 5% will sell once completed the construction of this infrastructure, described as “key and vital ‘ for Palma and Mallorca by Bureau Convention.

For now, technicians Palau de Congresos de Palma provide all types of information, responding to market demand, “but you can not sign contracts until a management company, public or private, once the group sold its 95 Barcelo % of the shares, which are valued at eight million euros. What is done is a passive marketing, but from the summer, once a settlement of the sale of shares in the Barcelo Group, presumably through June, will act as an active marketing strategy”, indicated the sources.

Another issue to be clarified is what the formula chosen in the management company. “The future manager will have to take contracts that can be formalized at this stage of impasse, because you can not stop marketing a conference center, especially when the congresses and conventions, and presentations of all types of companies, performed with one, two or three years ahead. “

Completing the twentieth century, even attending new stage of development of capitalism in its imperialist phase, considered as a transformation of state monopoly capitalism, characterized by a higher level of internationalization of capital, which is not limited only to production but covering trade, communications, transportation, culture, finance, services, social, political and ideological. In this current process, it is called globalization, which is simply a higher stage of the internationalization of capitalist production relations, which shows a strong interconnection and interdependence of national economies of the world capitalist economic system. An internationalization process that springs from the very laws and contradictions of the capitalist mode of production and in particular its accumulation, which is an objective and inevitable process.

Globalization has been accelerated by several factors:
The development of a Technical Scientific Revolution.
The export growth of capital.
The growth of international trade.
The increased activity of financial capital.

He also had neoliberal economic policies, a strong lever for expansion worldwide.
Product to a dizzying new scientific-technical revolution has created new productions, such as microelectronics, nuclear, biotechnology, new materials, services have developed greatly.

These assimilate as much capital directly and are the monopoly of the seven capitalist powers, grouped in the three centers of power: the U.S., JAPAN AND THE EUROPEAN UNION. Typically for this stage a change of pace of growth in economic activity is no longer the production of material goods, but services that carries the main weight in the Gross Domestic Product (GDP) of different countries: for the developed capitalist is ¾ and ½ underdeveloped countries, the GDP is, that services, is one of the most privileged sectors for FDI, while production of goods designed to meet both personal needs and productive, tend to decrease relatively.

It should mean that FDI, apart from being a new capital, accompanied again come to market, management expertise and new technologies as necessary elements for the growth of the economy of any country at the present time. Today, the presence of foreign capital has become essential for the development of commodity production, marketing and transportation, for communications and in particular to the country’s financial stability, however, so contradictory, capital most abundant in the World Economy is currently the fictitious capital that the country does not provide any benefits above and corresponds to direct capital.

In the above, is joined by other social economic characteristics of developing countries, which currently can not be ignored by the strong presence in the World Economy: refers to persistent inflation, unemployment, underemployment, devaluation of national currency privatization of social and economic life, exploitation of child labor, wage differentials based on what is provided, but for sex, age, race and nationality, tax policy, that afflicts most employees’ the profits of transnational corporations. They are also present, economic and social inequality, hunger, malnutrition, illiteracy, high infant mortality rates and low life limit. These characteristics have been internationalized with the capital and are typical of all developing countries and are part of the economic and social life of the existing poorest in capitalist countries.

In this whole context of globalization, for example, monopolistic competition has specialized in presenting high-tech products, low production costs and differential pricing, which only allows nations and transnational corporations, whose GDP and earnings are posted MM USD. that exceed the GDP of developing countries. Has formed a triad of power, which can only compete themselves, with the exception of developing countries. The credits granted by international financial organizations (IMF, WB) and the private BTN, essentially to assist the economies of industrialized countries and support the activities of TNCs. For the underdeveloped countries, getting credit, but conditions are imposed neoliberal reforms, far from contributing to the industrial and agricultural development are subjected to economic dependence and unsustainable external debt. That is, both competition and credit as a lever of accumulation, are developed in favor of TNCs and the BTN, helps to impregnate both have new features to the ways in which the accumulation is increased, it refers to the process concentration and centralization of production and capital. On the one hand, apparently is as if history recede, there is a boom of SMEs in all activities of the capital, but on the other hand, there is a process of absorption and merger of other monopolies monopolies, but in essence, capital accumulation continues to develop on the basis of its own laws and contradictions, and is therefore an objective process, as happened at the time that Karl Marx lived.

At that time, Marx stated:
In parallel with this centralization of capital, or expropriation of many capitalists by few, is developing a growing scale, the cooperative form of the work process, the conscious technical application of science and organized the systematic exploitation of the land, transformation of the media work means work applied collectively, the economy of all means of production to be used as a means of producing a combined work, social, absorption of all countries through the network of the world market and consequently this, the international character of the capitalist system. (1)
At that time, the capitalist economy was consolidated on the basis of the decay of the feudal regime, in today’s capitalism is consolidated on the basis of the disappearance of the World Socialist Economic System, which showed the role of TNCs and the BTN , carry a high degree of socialization of production and work, but at the same time, absolute masters of the wealth created in today’s global economy. Suffice it to say that the richest 20% of the world’s population appropriates 60% of revenues generated in the world.

And if on one hand, states that globalization is an objective process, product accumulation, is inherent also the set of economic contradictions that have accompanied throughout its history, namely:

The contradiction between production and consumption, which reflects the supply and demand.
The contradiction between the organization of production in each company and the anarchy of social production level.
The contradiction between the goal of capitalist production and the means to achieve them.
The contradiction between labor and capital.
The contradiction between the working class and middle class wage.

Contradictions to reach a certain level of increase, in turn generate a deeper contradiction, general and fundamental, which wakes up as an erupting volcano explodes and the economy in an economic crisis of overproduction, refers to the contradiction between the increasingly social nature of production and the increasingly capitalist private ownership. This general economic contraction, described by Marx, as the fundamental economic contradiction of capitalism is inherent to this mode of production and the cause in the history of the outbreak of the economic crisis of overproduction, difficult time for the capitalist and the System Capitalist Economic World, but is also a sign of the contradictory trends of accumulation and continuity of capitalist industrial cycle, an objective and inevitable process.

In today’s capitalist economy, has already said that the presence of foreign capital for development of the accumulation of any nation, is essential, record high prices of commodities or speculative work of a single capitalist, but it that such contradictory moments of accumulation, are only external forms of manifestation of the worsening fundamental economic contradiction of capitalism.

In the era of globalization, the fundamental economic contradiction of capitalism, moreover, have acquired an international character, is filled with more traditional contradictions that have generated the current RCT, the activity of TNCs and the BTN and economic policy neoliberal, highlighting the Deregulation and Privatization of the economy. On the one hand, the socialization of production is increasing to meet any need depends on the work of thousands of workers not a country but from different countries, and on the other hand, the results of production are increasingly Private increasingly concentrated in fewer hands. 39000 ETN today worldwide, only 500 managed the largest amount of capital flowing into the world economy and appropriate higher revenues, greater even than the GDP of many developed and developing countries.

That is, when in the context of globalization today, speaking of the bursting of an economic crisis of overproduction, above all, it has the same root cause espoused by Marx in his time: the worsening of the fundamental economic contradiction of capitalism and no other, and given the current level of internationalization of capital and all its laws and contradictions, its scope is not limited to a country with gradual global expansion, but will be a global World crisis also be international in essence, cover all spheres of economic, social and political world society.

At least the financial crisis in Asia, its spread to Russia and Latin America, with their social economic consequences, can predict that the global crisis has had its history, has already begun.
If Marxist theory and Marxist not agree that globalization is an objective process, proper development of capitalism itself, even categorize and explain different ways, say, the first as a higher stage of the internationalization of capital, the latter as a process of globalization, which involves the transition of capitalism from a national to a global base or as the necessary interconnection of national economies, again agree that the global crisis, in current conditions is inevitable. Thinking and acting in an optimistic, can develop several actions to alleviate, delay the onset of the global crisis, but it will not be possible is to prevent eventually burst.

The financial crisis that has hit countries in different continents, has a presence in:
The fall in stock markets, which until July 1998, had behaved as follows:

Japan = 217 MM USD.
Hong Kong = 27 MM USD.
Brazil = 101 MM USD.

It is in this market, where currently the largest capital moves, for every dollar invested in the production of 30 to 50 dollars they do in this market of fictitious capital.

Obviously, these falls are harmful to the pocket of the capitalist and the prosperity of the economy, but taking into account the working class now has a greater involvement in the purchase of shares at low prices to drop these markets, such losses reduce consumer spending of consumers and in particular the working class. The fall in these markets tend to discourage production and reduce investment in trade. All this exacerbates each of the above contradictions.

National currencies are devalued constantly, due to the inflow into the country of foreign speculative capital, which for developing countries is the three-quarters of its foreign investments. These investors became the national currency hard currency to buy U.S. treasury at interest rates high, hard currencies were simply placed in banks or spent on other operations, giving a false view of economic and financial stability, however, everything was pure speculation, finally sold in other markets at higher prices. Appropriating huge profits.

It also happens that Russia, which devalued its currency, declare a moratorium on debt payments as a result, foreign investors suffered heavy losses in Russian bonds and to pay their own loans, sold their securities in other markets: Brazil, Japan and USA

Capital flight. The nations capital came in three forms: direct investment, loan and investment in stock (portfolio), the latter also called fictitious capital, speculative. To prevent it from escaping capital, have higher interest rates, but at the same time, this tends to reduce economic growth, manifested in the decline in GDP of different countries, for example, in Hong Kong GDP, reduced to a rate of 5% per year in Indonesia may suffer a decrease of 20%, which affects both exports and imports, as commodity prices are depressed. Say, between 1997 – 1998, oil prices fell by around 30%, coffee by 43% and gold by 17%. It is clear that the earnings from exports of these products are reduced, making it necessary to reduce imports due to lack of monetary resources to purchase goods that are needed and which are not produced in the nation.

Between 1997 and 1998 from countries where financial crisis has erupted, has leaked a large amount of capital (see chart) the reality is that these funds came to the nation with every intention of valorizarce through speculation and charging high interest on loans rather than investment in production, trade, transport, communications, etc., which shows once again the sharp contradiction between the goal of capitalist accumulation and the means achieve.

In addition to the above, the social crisis has manifested itself in high rates of unemployment, increased poverty and hunger, malnutrition, disruption of trade unions, etc.

It is evident that such times contradictory economic and social, are manifestations of the global crisis that threatens the World Economy. Today it is in Asia, Russia and Latin America, but if you take into account that these countries trade with U.S., European Union and Japan triad of power today accounts for 40% of the World Economy The outbreak of the crisis is a matter of time.

As soon raised, is questioned by some U.S. economists, based on the current economic situation in the U.S., which denotes strength, demand is strong, the GDP growth, inflation is low, employment levels and unemployment is high is relatively low, however, there are some negative elements: consumer debt (including housing loans) is high, the consumer savings is low because the rising stock market has made many Americans feel richer. In part, consumer spending has been financed with the proceeds of the stock market, which have become cash. These were in 1992, to 127 000 million USD. and for 1997 was 382 000 million USD .. Low prices of the shares, endangering the consumer spending power, this coupled with the effects of the Asian crisis (Asian PIAS purchase ¾ of U.S. exports see figure), can lead to falls in consumer spending and in fact, consumption of material goods. For example, for every dollar of loss in stocks, consumers reduced their spending by 2.5 cents. 2.5% of 2 billion dollars that have lost value shares would be equal to 50 000 million dollars less than 1% of GDP, but the number of shareholders to low prices is increasing, then the adverse effect could be higher as well.

So one could say that according to economic theory of Marx’s crisis, the U.S. economy is in the ceiling of prosperity, the last phase of the industrial cycle, which exacerbate the contradictions and give way to a new crisis and with her to a new cycle. That is, the U.S., can avoid the outbreak of the global crisis?.

Consider Deregulation, free trade and financial information is also part of neoliberal policies, however, the financial crisis of 1997, highlighted the practical inconsistency of the theory of freedom: for the month of September 1998, some Markets were closed by the State: Malaysia imposed exchange controls, which prevented foreign investors reclaim funds (the domestic currency could be exchanged for dollars), Russia, got its foreign debt moratorium and allowed to convert rubles hard currency (dollars and marks) and then came the intervention in the stock market in Hong Kong. The sudden intervention of state in these markets, spooked investors who fled in disarray.

Moreover, the State itself in these countries has been recognized worldwide that much foreign capital had been squandered through the “crony capitalism”, ie speculative capital.

Because of this financial crisis, states took several measures:

Increased interest rate: We have increased interest rates to keep domestic investors in the country and do not acquire hard currency, this course seeks the devaluation of the currency, besides trying to keep the country fugue capital.

Cancel the external debt: There is a tendency to condone tenuous external debt of developing countries mainly. To achieve this, it must convince international financial organizations and private BTN need, as in most not to say in every country in the world, its foreign debts are converted into bonds.

Inject new capital: This action serves to replace the old capital. Foreign companies buy local companies at bargain prices. Above all, this is further fuel the neoliberal policies, such as driving and accelerating globalization of the global crisis.

As noted, the countries currently in crisis, are in a vicious circle, free markets, then close, deregulate, then return to regular, rising interest rates, now declining; abscond capital stock on one side and the other will inject new capital. In fact, everything is a sea of ​​contradictions that can not have another result that the outbreak of the global economic crisis of overproduction.

Karl Marx at the time stated:
“The crises are always purely momentary violent solutions existing contradictions, violent eruptions that restore balance parsajeramente broken.” (Capital. T. III. Pp. 271)