[lbo-talk] Crisis Hits "Real" Economy in Germany

Angelus Novus fuerdenkommunismus at yahoo.com
Tue Oct 7 07:01:47 PDT 2008


Leaving aside the nonsensical distinction between "finance" and "production" that our friend Karl Marx so fundamentally demolished in his critique of political economy, the global financial crisis is having effects upon the sphere of production in Mitteleuropa.

The panicky headline at ARD/ZDF's Tagesschau website:

"German Auto Makers Stop Production":

http://www.tagesschau.de/wirtschaft/finanzmarktkrise144.html

Some scant English reportage courtesy of news.google.com:

GM's Adam Opel:

"Car maker Opel cuts back production" http://ukpress.google.com/article/ALeqM5gH3pBwLFxmyNN6asLIYjUNEiSYbg

VW-owned Skoda:

"Skoda Auto to cut production due to fall in demand" http://www.iht.com/articles/ap/2008/10/06/business/EU-Czech-Skoda.php



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