Capitalism Sucks!

i think its interesting to point out that a major part of the reason that chinas economy is booming is a direct result to american (and a handful of others) corporate greed under the capitalist plan. so would chinas economy still be booming if all their suicidal kids making 40 cents an hour werent making all those iphones and nike sneakers and xboxes and playstations? in other words would chinas economy boom without capitalism?

 

Chinas economy is doing quite well, Thanks to capitalism.

 

Regulated in what way? And, in my opinion, socialism is just another religion with a replaceable human God figure. I see little difference between the republican or the democrat parties. Would it not be more accurate to say that you would just like a share of what everyone else produces?

"From each according to their ability, to each according to their need?"

 

Is it really that simple?
Certainly there are people who want a job, and there are some who simply want to be paid.

Everyone has a right to put their skills to use in producing the means by which they can provide their needs, partially or fully, but no one including government or society has a responsibility to provide them a job.

People who work deserve to be paid equal to the value of the work they perform, as agreed to by both the employee and the employer. Why would it make any sense at all to pay someone more than the work they are performing is worth to the person paying for it?

You should pay for your own medical care, childcare, and housing and government should not be involved with spending money directly on individuals, nor should it (the Federal government) be taxing individuals directly either.

Capitalism is here to stay, and even in China it is becoming the way of the future. A competitive free market promotes progress more than any other system, and government and labor unions have made us less competitive while taking us down the path towards socialism.

 

Government officials in some cities and provinces are overstating economic output, tax receipts, corporate revenue and profits, the paper said, citing executives and economists who requested anonymity for fear of jeopardizing their relationships with Chinese authorities. They are urging companies to keep separate sets of books, showing improving business results and tax payments that do not exist, the newspaper said.

The Beijing-based National Bureau of Statistics, which compiles most of the country’s economic statistics, denied that economic data was overstated, the paper said. “This is not rooted in evidence,” it quoted an unnamed spokeswoman as saying.

http://www.bloomberg.com/news/2012-...s-falsify-data-to-mask-slowdown-nyt-says.html

 

dont kid yourself, china is doing quite well, all those manufacturing jobs are producing a shitload of products that are being sold for a retail or near retail price. somebody is getting that money and it sure as hell isnt the workers so either their government or the big corporations are doing just fine over there. my guess is its both.

 

China is producing a corporate slave state with severe infringement of human rights that would make Karl Marx turn in his grave.Just look at Tibet.And the fact that China is the worlds largest producer of carbon dioxide thanks to its reliance and continual building of coal burning energy generation.Look at the smog in Beijing.People can't go outside without wearing masks.There is nothing truly communist or socialist about China.They have a largely docile population who have severely curtailed freedoms.The only reason the rest of the world is not more critical is because they serve more US debt than any other country.And this from someone who has deep respect for ancient Chinese culture,Buddhism etc.

 

My brother in law and his wife are now both working for a Chinese owned business and quite happy with the wages they are being paid, especially compared to what they had been earning by planting and harvesting rice and soy beans previously. They were sent to China for language and job training which lasted several months and had nothing but good things to say about what they saw.

 

China has begun topping off.

Chinese average wages are now about the same as mexican average wages. Between that and NAFTA, it makes more sense to move a factory to mexico to supply american consumers. And either way, business is leaving china for vietnam and other poorer places.

China had a massive boom, by being super-poor and then having no minimum wage or labor enforcement, so some people did ver well. Now china has class problems with a pissed off exploited lower class, a middle class that sees that they're middle and still being screwed, and a very wealthy that doesn't give a fuck.

Doubtless, there are officials who are cooking the books to try to keep their positions. In an authoritarian/fascist state that uses soviet-style tactics, rewarding or punishing officials for their entire area's output, it could be deadly to have a crash in your sector, even if it's not your fault. And it's also a matter of international pride.

I mean, of course they'll continue to grow for a long time, but they are losing their competitie edge, because the reason they had it was that they had massive numbers of starving peasants who would work for a bowl of rice or whatever, and absolutly no regard for the wellbeing of any but the elite. In terms of demographics, china will obviously be a major world player for some time to come. But they can't continue growing how they have. And even with their great firewall, their system can't hold up for ever, the people know there's better, and they want it. To me, a divided china seems more likely than a divided US. And much more dangerous, with the people who could end up in charge of their nukes. China is a culture, not a country, and the government may run out if it continues on it's course, it's not sustainable in terms of people to feed through their machine.

 

Haha yeah, you're in a shithole that doesn't like the US too much, we abandoned them, and you know, the enemy of your enemy.... of course they like china.

 

What unregulated capitalism looks like...


X-Ray near Coal-Fired Plant in China
http://www.greenpeace.org/eastasia/...ionwide/X-Ray-near-Coal-Fired-Plant-in-China/

 

Chinese Coal mines aren't regulated?

 

Capitalism died in the USA years ago, we are now socialistic, just look around at how crappy that is working out, especially with the new socialist leadership. Down the drain baby is where it's all headed, so kiss the good old days goodbye, and embrace K. Marx. or some other socialist idol, and prepare to live in want and hunger.

 

Gongshaman & OdonII

Our government has no authority to regulate Chinese coal mines, but does have powers, as defined in Article I, section 8 of our Constitution to 'lay and collect Taxes, Duties, Imposts and Excises' to 'regulate Commerce with foreign Nations' and 'to make Treaties' to a lesser degree as a means of achieving some form of regulations with sovereign foreign Nations.

And it might be noted that the U.S. Constitution deals with the protection and general welfare of 'the United States' and NOT individual persons.

 

Individual
'Our government has no authority to regulate Chinese coal mines'

I didn't say it did.

 

And I didn't say you did.

I only included you in the response because of our previous conversation, relating to the enumerated powers of our Federal government as defined in our Constitution. Once again, we (the U.S.A.) are not a Unitary State, but many States united, but separate, with limited powers given to the Federal government by consent of both the people and the States. And that is where the ultimate source of our freedom lies.

 

Great. Not sure what that has to do with Coal-Fired Plants in China, though.

 

I didn't bring up coal-fired plants in China, but took advantage of the example in hopes that you might gain some insight into how our Constitutional form of government is supposed to work.

 

A previous poster brought up an interesting point: the minimum wage in China is higher than in Mexico. I read that also in the New York Times.

There is all this news media propaganda against China as a "slave state", when there is a wage slave state immediately to the south that has even lower minimum wages. All throughout Latin America people work for wage slave wages.

I know just how difficult life is in Latin America for working people, because I have lived throughout Latin America. And these are CAPITALIST countries.

Those countries in Latin America, even when the actual leadership uses "leftist" rhetoric, are capitalist countries where the rich have everything, and the majority of the working people struggle to just barely get by.

China is a deformed workers state run by a Stalinist regime. The Stalinist regime are basically pimps who sell their working-class people to the international capitalists. However, it is still not a capitalist country yet. Many aspects of the economy are still those of the planned economy. China is not completely free market. And because there is a planned economy China is booming. China's booming economy cannot merely be explained by cheap labor, as the minimum wage in neighboring Mexico is even cheaper. China's booming economy can be explained by the fact that much of the economy is still a planned economy.

During the Great Depression of the 1930s the Soviet Union was also booming, thanks to its planned economy, while the capitalist world was in crisis. Today the capitalist world is in crisis and China's booming, thanks to its planned economy.

As a Trotskyist sympathizer I defend China against American imperialism, and I also defend its planned economy. However, China needs a political revolution by is working class to kick out the privileged Stalinist bureaucracy and install a WORKERS democracy.

 

Hmmm, original thread was about Capitalism in the USA, I guess Hijacked is the term to use.