China on verge of meltdown

[Aleister Granger]

http://www.forbes.com/sites/gordonchang/2013/12/22/in-china-rates-soar-stocks-fall-businesses-fail/

Should this go through, who knows what could happen in that country. I'm sure the main party will find ways to subvert any major uprising, but... This seems a tad tumultuous.
While I don't think this will lead to anything truly major (right now), I do fear for the Chinese proletariat who will undoubtedly suffer more than they already are. And should it, in some fractal form, lead to something...

http://thumb9.shutterstock.com/thumb_small/692971/692971,1291919005,2/stock-vector-merry-military-emoticon-with-an-automatic-ak-66886777.jpg
Commies, get your guns! The revolution may be 'round the corner!

[Prof. Oblivion]

Chang is a notorious doomsdayer in terms of Chinese economic/political collapse. He's been peddling this shit for like the past decade. I wouldn't take anything he says seriously.

[tuwix]

http://www.forbes.com/sites/gordonchang/2013/12/22/in-china-rates-soar-stocks-fall-businesses-fail/

Should this go through, who knows what could happen in that country. I'm sure the main party will find ways to subvert any major uprising, but... This seems a tad tumultuous.
While I don't think this will lead to anything truly major (right now), I do fear for the Chinese proletariat who will undoubtedly suffer more than they already are. And should it, in some fractal form, lead to something...

http://thumb9.shutterstock.com/thumb_small/692971/692971,1291919005,2/stock-vector-merry-military-emoticon-with-an-automatic-ak-66886777.jpg
Commies, get your guns! The revolution may be 'round the corner!

How many times I've heard that China is going to collapse? :)
It's just wishful thinking of Western World that starts to feel endangered. Chinese economy seems to be rampant comparing to western economies. And there is no free market bullshit that would brake their development. They know how to develop country in capitalist environment.

[ckaihatsu]

China trade data points to a slow start for 2014

http://www.youtube.com/watch?v=NYzfFwUid-o


Breakingviews - China's silent war on some lenders

http://www.youtube.com/watch?v=gXNlsERZt10


Smog casts a pall over Shanghai's global ambitions

http://www.youtube.com/watch?v=xPwrFKiAa04

[Sixiang]

Wow! Who would have guessed that a writer for Forbes would be predicting an impending collapse of the Chinese government/economy? And all because of that big bad government that keeps fiddlin' with businesses?
/sarcasm


How many times I've heard that China is going to collapse? :)
It's just wishful thinking of Western World that starts to feel endangered. Chinese economy seems to be rampant comparing to western economies. And there is no free market bullshit that would brake their development. They know how to develop country in capitalist environment.

Agreed except that I don't think the West is just "start[ing]" to feel endangered by China. Western governments and capitalists have been threatened by China's economic position in world trade since the 15th century when Ming dynasty China held some 70% of the entire world's silver supply and was the center of all international trade. Merchants traveled for weeks by boat from all over Western Europe just to get to China's ports to trade for tea, silk, ceramics, and other items. Not to mention that a massive amount of colonial Spain's economic growth was based on trading New World products with China (silver, potatoes, and chili peppers come to mind in particular).

It's very frequently said in the West that China has a newly rising economy. A more accurate description would be to say that China is regaining its position of economic dominance that it held for hundreds of years. Western capitalists and governments were so threatened by China's position that they sought to force it by arms to give up its economic position in the 19th century. The image of China as "the sick man of Asia" and as a backwards, corroding society was invented by Western journalists, capitalists, and imperialists in the later 19th century to justify colonialist aspirations to divide up China as Africa had previously been. All this talk of China about to quickly collapse at the hands of the mighty Western economies has been kicked around for well over 150 years now. I remain completely unconvinced that such a situation will happen any time soon.

[Geiseric]

China's economy is halfway owned by the state, meaning that the intense class struggle has been won in the working class's favor for a period. This next period is going to be the bureaucracies attempt to break up the public ownership of the economy.

[Thirsty Crow]

China's economy is halfway owned by the state, meaning that the intense class struggle has been won in the working class's favor for a period. This next period is going to be the bureaucracies attempt to break up the public ownership of the economy.
That makes no sense whatsoever. Why would the working class while winning an intense class struggle simultaneously enable the formation of a bureaucracy which is bound to engage in severe bouts of privatization? How did this occur?

[Ethics Gradient, Traitor For All Ages]

The brutal working conditions and poor compensation must be the victory lap I guess.

[ckaihatsu]

Exporters bear the brunt of China's economic transformation

http://www.youtube.com/watch?v=QGRzrFO9vg0


Breakingviews - China's hot money headache

http://www.youtube.com/watch?v=ioP6RWCWR9c


Go where the Chinese government is going - Jim Rogers

http://www.youtube.com/watch?v=-Q9kpfCXF0U


Breakingviews - A default that might do China some good

http://www.youtube.com/watch?v=sYIIYpPNzls

[Geiseric]

That makes no sense whatsoever. Why would the working class while winning an intense class struggle simultaneously enable the formation of a bureaucracy which is bound to engage in severe bouts of privatization? How did this occur?

The bureaucracy formed in spite of the workers efforts to create democracy. It grew as a result of the conditions borne as a result of international class struggle. If there are bread lines, there are guards making sure nobody cuts in line. Once the committee in charge of distribution of that food approaches the guards with an offer of cooperation for their mutual benefit, bureaucracy is born. That's the simplest way I can explain it. The food scarcity wouldn't exist if the revolutionary state was not isolated basically.

The bureaucracy emulates the practices that the last ruling class used Because bureaucracies are inherently anti democratic and counter revolutionary . They wish to empower themselves with the same privelages as the bourgeois in neighboring countries. An example of this is the SUs invasion of Poland and Georgia in the 1920s. The caste born from the civil war needed to solidify its positions in the isolated Russian workers state, by keeping a standing army with themselves in charge. When it was argued that a decentralized, local militia be maintained after the war, it was shot down by future Stalinists. As were the plans to industrialize the country and start collective farms. The bureaucracy was strengthened by every defeat of the working class.

[ckaihatsu]

China's factories fizzle ahead of Lunar New Year holiday

http://www.youtube.com/watch?v=5MvpHJup8EE


Caterpillar's expensive Chinese lesson

http://www.youtube.com/watch?v=vIjzDBlrJic


Breakingviews - China to turn up the heat on Western banks

http://www.youtube.com/watch?v=i8-GekrpjKk


China exports air pollution to the US

http://www.youtube.com/watch?v=16b-GJSa2H0

[TheSocialistMetalhead]

People have been predicting a crash of the Chinese economy for years.
One way or another itt will probably happen in the near future. Needless to say this would have major consequences on the 'developed' western economies as well, seeing as how they own a lot of the us debt.

[ckaihatsu]

This is a *systemic* thing going on, so it's hardly just China that has the jitters right now -- take a look at Goldman Sachs, for instance.

The question in front of system-defenders is whether the global economy can even continue to *function* without a constant stream of liquidity flowing in from ever-increasing U.S. debt.

I also think this latest wave of international anti-government sentiment and protests stems from uncertainty about the system, from those who would rather *support* the system.

[SpartanDoesAcid]

I hope their economy fails. They deserve it, those traitors. All that the fake communist party of China is doing is painting themselves red while simultaneously handing over money to the capitalist class.

[ckaihatsu]

Breakingviews - How to play the great China rate game

http://www.youtube.com/watch?v=F1t6bEE41xk


China's countryside suffers as factories march inland

http://www.youtube.com/watch?v=XlfB8VI3zOY


Chinese Activist Gets 4 Year Jail Sentence

http://www.youtube.com/watch?v=c9VYestvwSk