France: crisis in the economy and the regime amidst rising class struggleFrench capitalism has entered a new period of massive job destruction. Announcements of closures and redundancy plans are multiplying: Michelin, Auchan, ArcelorMittal, and many others. According to the General Confederation of Labour (CGT), 150,000 industrial jobs are at risk in the short term. By closing down production, contractors are setting off a chain reaction, with suppliers and subcontractors filing for bankruptcy or laying off their own workers. | | |