capitalism
Workers at the Foxconn (the Taiwanese multinational corporation owned) factory located in China in which many Apple products are assembled.
[For more discussion on China's economic and political development, click HERE.]
By Martin Hart-Landsberg
January 24, 2012 -- Reports from the Economic Front, posted at Links International Journal of Socialist Renewal with the author's permission -- A January 22, 2012 New York Times story, "The iEconomy: How US Lost Out on iPhone Work", has been getting a lot of coverage. The article makes clear that Apple and other major multinational corporations have moved production to China not only to take advantage of low wages but also to exploit a labour environment that gives maximum flexibility.
The following quote gives a flavour for what attracts Apple to China:
A 2004 film shows that little has changed.
[For more discussion on China's economic and political development, click HERE.]
December 23, 2011 -- A new report by Hong Kong-based Students and Scholars Against Corporate Misbehavior (SACOM) reveals the terrible working conditions endured by workers who produce many of the toys that will be enjoyed by children in the Western world this Christmas.
In Guangdong province, from where 70% of China’s toys are exported, migrant workers’ official basic salary is around 850-1320 yuan a month (US$134-208), the statutory local minimum wage. The minimum wage is barely enough for self-subsistence.
By Marcello Musto
November 16, 2011 -- Links International Journal of Socialist Renewal -- In recent years Karl Marx has again been featuring in the world’s press because of his prescient insights into the cyclical and structural character of capitalist crises. Now there is another reason why he should be re-read in the light of Greece and Italy: the reappearance of the "technical government".
As a contributor to the New-York Tribune, one of the widest circulation dailies of his time, Marx observed the political and institutional developments that led to one of the first technical governments in history: the British cabinet of the Earl of Aberdeen, December 1852 to January 1855.
[For more discussion on China's economic and political development, click HERE.]
Ian Parker reflects on a recent visit to China
November 9, 2011 -- Socialist Resistance -- Capitalism in China is rapidly uprooting and throwing into the marketplace all that seemed fixed and frozen since the revolution in 1949, but -- as with all other forms of capitalism -- this market is all but free. The bureaucracy holds in place systems of authority necessary for capital accumulation, and the Chinese state is a key player in the enrichment of a new bourgeoisie. There are particular political-economic and ideological conditions for this transition, of course, and one of the most important is the legacy of Maoism, and how the claim to be a socialist country is squared with the rapid abandonment of each and every tenet of socialism.
For more on the Occupy movement, click HERE.
By Martin Hart-Landsberg
October 24-November 7, 2011 -- Reports from the Economic Front, posted at Links International Journal of Socialist Renewal with permission -- The Occupy Wall Street movement has succeed in forcing the media to acknowledge the extent and seriousness of income inequality. In many ways wealth inequality is a bigger problem, since it is wealth that largely underpins income and power differences.
According to an Economic Policy Institute posting,
the richest 5 percent of households obtained roughly 82 percent of all the nation’s gains in wealth between 1983 and 2009. The bottom 60 per cent of households actually had less wealth in 2009 than in 1983, meaning they did not participate at all in the growth of wealth over this period.
It is worth dividing the top 5% into what has now become two familiar groups, the top 1% and the next 4%.
Occupy Brisbane, Australia.
For more on the Occupy movement, click HERE.
By Ash Pemberton
October 29, 2011 -- Green Left Weekly -- Some conservative commentators have declared the global Occupy movement to be “socialist”. Right-wing musician Ted Nugent said in the Washington Times on October 14: “Occupy Wall Street is nothing more than anti-American socialism on parade... These useful idiots are clamoring for social justice, as if they don’t have enough of that already.” Fox News commentator Bill O’Reilly declared: “The Occupy Wall Street movement is basically socialistic.”
October 26, 2011 -- Grist via Climate and Capitalism, posted at Links International Journal of Socialist Renewal with permission -- Ironically, while populationist groups focus attention on the 7 billion, protesters in the worldwide Occupy movement have identified the real source of environmental destruction: not the 7 billion, but the 1%
This article, published today on the environmental website Grist, has provoked a vigorous discussion there. Many of the comments defend variations of the “consumer sovereignty” argument, that corporations only destroy the environment in order to provide the products and services consumers demand. We encourage readers to join that conversation.
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By Ian Angus and Simon Butler
The United Nations says that the world’s population will reach 7 billion people this month.