China
Currency wars and the privilege of empire
By Paul Kellogg
October 23, 2010 -- PolEconAnalysis -- In uncertain times, the headline was soothing: "Secretary Geithner vows not to devalue dollar".[1] United States Secretary of the Treasury Timothy Geithner was saying, in other words, that if there were to be "currency wars" -- competitive devaluations by major economies in attempts to gain trade advantage with their rivals -- the United States would not be to blame. Who, then, would be the villain? China, of course.
Earlier this year, Democratic Party congressman Tim Murphy sponsored a bill authorising the United States to impose duties on Chinese imports, made too inexpensive (according to Murphy and most other commentators) by an artificially devalued Chinese currency. "It's time to deliver a strong message to Beijing on behalf of American manufacturing: Congress will do whatever it takes to protect American jobs."[2]
The left cannot ignore China's achievement in poverty reduction
Source:UN Human Development Report, 2007/2008.
By Reihana Mohideen
October 15, 2010 -- China’s achievements in reducing poverty have been outstanding. From 1978 – when the restructuring of the Chinese economy began – to 2007 the incidence of rural poverty dropped from 30.7% in 1978 to 1.6% in 2007. The biggest drop took place between 1978 and 1984 when the number of rural poor almost halved, from 250 million in 1978 to 125 million in 1985. During this period the per capita net income of farmers grew at an annual rate 16.5%. Urban poverty, measured by an international standard poverty line of US$1 per day, reduced from 31.5% in 1990 to 10.4% in 2005. No other Third World country has achieved so much and made such a significant contribution to reducing global poverty, as China has, over this period.
Cuban Revolution: challenges and changes
[For more analysis and discussion on the economic changes in Cuba, click HERE.]
By Dave Holmes
[This article and slideshow were presented as a talk to the Geelong branch of Socialist Alliance on October 6, 2010.]
Philippines: PLM calls for an independent inquiry on the hostage killings
By Sonny Melencio, Partido Lakas ng Masa
iPhone 4: Capitalism, inbuilt obsolescence and `blood' phones
By Stuart Munckton
August 1, 2010 -- Green Left Weekly -- “Yes, the notable features with iPhone 4 — both the device and the iOS4 — are mostly tweaks”, said a June 22 review on the popular site BoingBoing.net. “But what tweaks they are.”
In the interests of full disclosure, I’ll admit I have no idea what “iOS4” means. But my eye was caught by the admission that the iPhone 4, launched in Australia on July 29, was almost the same as the iPhone 3.
Corporations use “inbuilt obsolescence” as part of artificially creating markets. This means the products they sell are deliberately made to break down — so we have to keep buying more.
In the case of products tied to ongoing innovations, the trick has a variation. Makers will hold back innovations in order to release, a short while later, a new version of the same product with a few extra features.
China: In who's interest does the state serve?
`People's Daily' columnist -- `Time to defend Chinese workers' rights'
By Li Hong
June 7, 2010 -- People's Daily -- Wherever exists exploitation and suppression, rebellion erupts. If the exploited are a majority of the society, the revolt draws even nearer and comes with a louder bout. For the past 30 years witnessing China's meteoric rise, multinationals and upstart home tycoons have rammed up their wealth making use of China's favourable economic policies as well as oversight loopholes. In sharp contrast, tens of millions of Chinese blue-collar workers who have genuinely generated the wealth and created the prosperity have been left far behind.
China, capitalist accumulation and the world crisis
By Martin Hart-Landsberg
[A version of this article appeared in the South Korean journal, Marxism 21. It has been posted at Links International Journal of Socialist Renewal with Martin Hart-Landsberg’s permission.]
February 2010 -- The consensus among economists is that China’s post-1978 market reform policies have produced one of the world’s greatest economic success stories. Some believe that China is now capable of serving as an anchor for a new (non-US dominated) global economy. A few claim that the reform experience demonstrates the workability (and desirability) of market socialism. This paper is critical of these views.
Women dying from the Asian `miracle': System change a must to save women’s lives
By Reihana Mohideen
March 8, 2010 -- Despite the fanfare about Asia’s "miracle" economies, the problem of "missing women and girls" is actually growing, according to the United Nations Development Program-sponsored 2010 Asia-Pacific Human Development Report.
These "missing" girls and women are a result of the abortion of girl fetuses and women dying through sheer neglect – underfed and starved and not receiving adequate health care. The birth gender disparity is the highest in East Asia, home of the Asian "miracle" economies, where 119 boys are born for every 100 girls. China and India, much touted for their economic success, account for 85 million of these 100 million "missing" women.
Beyond the World Social Forum ... the Fifth International
Eric Toussaint interviewed by Igor Ojeda for the Brazilian weekly paper Brasil de Fato. Translated from French by Judith Harris and Chris