Archive for the ‘ transition ’ Category
Are you aware of the real costs of your electronics? Capitalism as it exists today externalizes far more than most people realize. This article moved me immensely from the perspective that even the “profit at any cost” Chinese business model is crumbling. An excerpt:
Last year, the Chinese dictatorship was so panicked by the widespread uprisings that they prepared an extraordinary step forward. They drafted a new labor law that would allow workers to form and elect their own trade unions. It would plant seeds of democracy across China’s workplaces. Western corporations lobbied very hard against it, saying it would create a “negative investment environment” – by which they mean smaller profits. Western governments obediently backed the corporations and opposed freedom and democracy for Chinese workers. So the law was whittled down and democracy stripped out.
It wasn’t enough. This year Chinese workers have risen even harder to demand a fair share of the prosperity they create. Now company after company is making massive concessions: pay rises of over 60 percent are being conceded. Even more crucially, officials in Guandong province, the manufacturing heartland of the country, have announced they are seriously considering allowing workers to elect their own representatives to carry out collective bargaining after all.
Just like last time, Western corporations and governments are lobbying frantically against this – and to keep the millions of Yan Lis stuck at their assembly lines into the 35th hour.
Harpers: The food bubble: How Wall Street starved millions and got away with it:
The global speculative frenzy sparked riots in more than thirty countries and drove the number of the world’s “food insecure” to more than a billion. In 2008, for the first time since such statistics have been kept, the proportion of the world’s population without enough to eat ratcheted upward. The ranks of the hungry had increased by 250 million in a single year, the most abysmal increase in all of human history.
The Independent (UK): How Goldman gambled on starvation:
The world’s wealthiest speculators set up a casino where the chips were the stomachs of hundreds of millions of innocent people. They gambled on increasing starvation, and won. Their Wasteland moment created a real wasteland. What does it say about our political and economic system that we can so casually inflict so much pain?