Is China’s Economic Miracle Hitting the Fan?

Just last night I was commenting on the Made in America ads that have started cropping up as the Depression we are in deepens.

Customer service delivered by Indians who speak unintelligible English  from what sounds like scripts has become a standing  joke.  There is even the series of “My name is Peggy.” ads that dodge claims of racism by making the characters appear former Soviet Bloc.  Yet everyone gets it.

People are tired of sweat shops in far away places creating wealth for our corporate over lords while destroying the American working class.  It is the same with the eat local movement.  We want food that isn’t a batch of chemicals masquerading as food grown on some corporate mega farm that destroyed farming as a way of life in America.

I’m sure the Chinese are sick and tired too of an economy gear to export rather than filling their own needs, of the destruction of their society for the enrichment of a few in their wealthy elite.

They need a serious union movement to organize labor in their country just as we need in ours.  The same goes for India and every other nation which has been turned into a sweatshop for the profits of the rich American Elite.

We need some serious economic nationalism built around the idea of a sustainable economy that permits working people enough leisure time to enjoy the fruits of their labors.  Presently the working people have been turned into a combination slave class and consumer class that is forever in debt.

From In These Times:

By Michelle Chen
Wednesday Nov 30, 2011

If you believe the hype about living in the “Pacific Century,” then the new millennium is bound to be a pretty rowdy one.

A few days ago about 1,000 workers in the heart of China’s manufacturing belt walked off the job at the Taiwan-owned Jingmo Electronics Corporation, saying they were tired of being cheated by overtime pay. Around the same time in the Guangdong boomtown known as Dongguan, thousands of shoe factory workers protested over overtime pay and marched with their grievances to a local government office.

This may seem like a reprise of the powerful 2010 strike wave that rippled through big-name manufacturing plants, including Toyota and Honda. Last year, workers’ newfound militancy yielded some significant gains—mainly in the form of pay hikes and other concessions. But whether they’ll be able to wrest a fairer paycheck from the management this time around hinges not so much on workers’ will, as on the global economic house of cards that’s getting rocked by countless factors that the labor force can’t control. Though concessions could be coming down the pipeline for some workers, in the backdrop is an alarming slowdown in China’s exports, which drive the country’s development and stuff consumers in rich countries with an endless stream of cheap goods.

November brought news of a a sharp drop in exports to Europe, coinciding with a burgeoning financial crisis in the Eurozone, as well as premonitions that China’s housing market might soon start to go pop.

According to the watchdog organization China Labour Bulletin, the state has worked with the companies to squelch protests, and even management staff is feeling the pain:

Continue reading at:

One Response to “Is China’s Economic Miracle Hitting the Fan?”

  1. Andrea B. Says:

    Every month for the last five years someone has said the Chinese economy is going to crash.

    It hasn’t so far.

Comments are closed.

%d bloggers like this: