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China to Europe: Get off your asses
http://www.aljazeera.com/programmes/...434664695.html
Whether this offends you or not, it explains why China has the cash and the momentum these days.
Europe and the USA had better get its shit together, yesterday, or the Chinese will just shrug and start investing their cash elsewhere. Don't think we don't need them, either.
So Europe and America will now play Third World to China's America? Unlike the US the PRC bourgeoisie does not yet have the military/political power to enforce their own capitalist austerity.
China has the "cash and momentum" these days because ruling groups have been able to exploit a vast population of people driven from the countryside by converting the country into a manufacturing platform for US corporations, making China the sweatshop of the world.
The article also confirms, as if it was possible to mistake this, that there are two classes of importance in the world today, the working class and the bourgeoisie.
The people who really need to get of their asses are the Chinese,South Asian, middle Eastern, African, European, and North American working classes and replace this system with something in line with real human needs. ASAP.
To love. To be loved. To never forget your own insignificance. To never get used to the unspeakable violence and the vulgar disparity of life around you. To seek joy in the saddest places. To pursue beauty to its lair. To never simplify what is complicated or complicate what is simple. To respect strength, never power. Above all, to watch. To try and understand. To never look away. And never, never, to forget
Arundhati Roy
Lenina Rosenweg is a glorious beacon of light
Its bullshit, why is France and Germany extremely productive? Why is Sweeden extremely productive? All those countries have a way way more powerful labor force that have a ton of benefits beyond countries like Spain, Italy or Ireland, even better than Greece.
China should'nt be talking, Labor is leaving China and going to places with cheaper labor like bangladesh and India, and many of the "knowledge workers" in China are moving to places with better labor conditions for white collar workers (I.e. europe).
China NEEDS europe and the US, there is no way their domestic consumption can even come close to holding up their economy.
The problem in the USA is not at all too much of a welfare state, and if you look at it in europe, the problem is'nt too much a welfare state either (if it was the top welfare states would be the ones in trouble), the problem is financial capital run amuk. Talking about the incentive system .. if you want to look at a perverse incentive system look no further than the corporate structure in most countries.
Where is China gonna invest? Their threats are baseless.
If the Chinese authorities had said "the worn out corporate welfare society" and proceeded from there, I would have agreed with them.
"A new centrist project does not have to repeat these mistakes. Nobody in this topic is advocating a carbon copy of the Second International (which again was only partly centrist)." (Tjis, class-struggle anarchist)
"A centrist strategy is based on patience, and building a movement or party or party-movement through deploying various instruments, which I think should include: workplace organising, housing struggles [...] and social services [...] and a range of other activities such as sports and culture. These are recruitment and retention tools that allow for a platform for political education." (Tim Cornelis, left-communist)
Fine. Do whatever you want in Europe.
Deep down, the Chinese don't really care.
^^^ It's Chinese money, though.
"A new centrist project does not have to repeat these mistakes. Nobody in this topic is advocating a carbon copy of the Second International (which again was only partly centrist)." (Tjis, class-struggle anarchist)
"A centrist strategy is based on patience, and building a movement or party or party-movement through deploying various instruments, which I think should include: workplace organising, housing struggles [...] and social services [...] and a range of other activities such as sports and culture. These are recruitment and retention tools that allow for a platform for political education." (Tim Cornelis, left-communist)
The working class does care because the "austerity" on the behalf or our kind banker friends is making our lives unlivable.
To love. To be loved. To never forget your own insignificance. To never get used to the unspeakable violence and the vulgar disparity of life around you. To seek joy in the saddest places. To pursue beauty to its lair. To never simplify what is complicated or complicate what is simple. To respect strength, never power. Above all, to watch. To try and understand. To never look away. And never, never, to forget
Arundhati Roy
Lenina Rosenweg is a glorious beacon of light
Actually one reason why China is hit less hard by the current economic crisis is because the banks are nationalised and more tightly controlled in China, so you have less crazy financial speculation.
As for welfare and labour conditions, actually it's the other way around for China. It's actually in China's own national interest to improve conditions for China's workers, such as increasing wage levels, so that internal demand can be boosted. At the moment China is still to a significant extent relying on cheap labour which is a crude way to make money. If the Chinese economy is to qualitatively develop to a higher level, it would need to improve the quality of its workers, which would require significant improvements in labour conditions.
[FONT=System]Long Live Proletarian Democracy!
Down with All Imperialisms!
[/FONT]
If China pays it workers more, will it still be profitable as a manafacturi ng platform for foreign companies? China's whole success has been based on the exploitation of cheap labor. Already corporations are moving out of China to Malaysia, Vietnam and East Africa. The Chinese ruling class seems to be caught in a sort of "scissors crisis", they cannot increase their own internal market without raising wage rates but doing so will then drive manufacturing elsewhere.
An iPod made by Foxxcom workers goes for about $100 in the US.How much of this do the people who assembled this get to keep? The disparity seems incredible and I don't think China's ruling familes will be able to short circuit this in any meaningful way.
China's boom is export oriented and I don't see how de-linkage could work.
To love. To be loved. To never forget your own insignificance. To never get used to the unspeakable violence and the vulgar disparity of life around you. To seek joy in the saddest places. To pursue beauty to its lair. To never simplify what is complicated or complicate what is simple. To respect strength, never power. Above all, to watch. To try and understand. To never look away. And never, never, to forget
Arundhati Roy
Lenina Rosenweg is a glorious beacon of light
Why you would think China is a model we should follow is beyond me...
Save a species, have ginger babies!
"Unthinking respect for authority is the greatest enemy of truth." ~Albert Einstein
Yes, all of the industrialized nations have become "lazy" and have been demotivated by a generous welfare system.
It has nothing to do with labor to capital ratios and young vs old workers.
But now we must pick up every piece
Of the life we used to love
Just to keep ourselves
At least enough to carry on
China needs to raise the qualitative level of its industrial production, so rather than just mass assemble electronic goods at really cheap prices, it needs to have its own high-tech industry, with original technological innovation and design, like a Chinese version of the Apple brand or Microsoft if you like. At the moment China is on the lower end of the global production chain, and most of the core technological development and design are still done in America, Europe and Japan.
Of course I'm speaking from a capitalist perspective here, but even from a capitalist point of view, it's clear that China will never become a genuine "great power" as long as it mostly relies on selling out its cheap labour at lower ends of the production chain. And this is difficult to change as long as Western corporations continue to hold a monopoly in the world.
[FONT=System]Long Live Proletarian Democracy!
Down with All Imperialisms!
[/FONT]
BTW, Chinese investment??? Are you kidding me?
Are the Chinese the ones hiring Europeans? Are the Chinese the ones buying European products? Sure they are buying European capital, and intellectual property, but thats because they don't have a choice.
The Chinese "Investment" is nothing more than financial capital, buying up bonds, buying currencies and so on, basically hedging their own currency and skimming from the European/American economies. They arn't settting up companies in Europe or the US.
This statement is a total no Brainer. Its from the Chairman of the Chinese wealth fund. Meaning its from an investment banker, the Chinese national bank, like a shit load of other banks, loaned greece a bunch of money and they expect their money back with a high return, he could'nt care less what happens to the European economy, he just wants the austerity in Greece and other places so the bank gets its money bank quick.
This has nothing to do with whats better for investment, or for the economy or any of that, its just another banker insisting that the working class pay for their payouts.
Its a double edged sword for China, because trying to build a stronger working class in China might threaten outside investment, which China depends on, but on the other hand not building a stronger working class leaves them dependant on that outside investment and their export market.
Who could say no to 10% YoY growth for 3 decades?
What are the average standards of living and income for a Chinese worker, and his/her rights under law compared to a European worker?
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Prehaps the Chinese working class, most of whom have yet to benefit from such 'growth'.
When you have an authoritarian capitalist dictatorship (as China has) that has no minimum wage, no trade unions or workers rights, scant regard for the environment in economic planning and very high levels of corruption, then 10% economic 'growth' is not that hard to get.
Such as system will not last however. Over the last decade China has already seen a massive increase in social unrest, demonstrations, wildcat strikes and rioting, all against the corruption and oppression of China's rotten ruling class.
Taking GDP growth as only basis of economic success is the most ridiculous thing anyone can ever claim--ever.
I don't know why you put growth in disagree quotes. You must think the Chinese economy is getting smaller
No growth for workers?http://www.usatoday.com/money/econom...bor17_ST_N.htm
No minimum wage?
Only basis? Your words not mine....
GDP measures everything produced in the market, so unless you think the underground economy is growing wildly in Ethiopia, we can conclude that the UK, as a country, is more economically productive than Ethiopia.
People are not statistics.
-www.revleft.org-
Economic Left/Right: -6.00
Social Libertarian/Authoritarian: -3.69
красные лисы
A country where thats impossible without creating huge bubbles, giant systemic risk and terrible negative externalities because unlike China its had capitalism for centuries and has already grown into itself.
Yes, thanks to minimum wages and unions finally getting some traction (even though they are repressed all over the place, in China the success that unions have achieved is amazing, when you consider the odds they are against). Its funny to see you suddenly in favor ore regulations (in other threads), minimum wages and unions.No growth for workers?
No minimum wage?
BTW, that huge growth in natural for any economy brand new to Capitalism, especially a huge country like China and one where the market is controlled.
GDP is a terrible measure of a healthy economy. Your missing tons and tons of elements.
yeah but statistics are all we have to look at.
