There ya go! Obamacare suckers will get Acorn-supplied healthcare commissars, while our Indian doctors can get rich treating the Chinese middle-class. It’s a win-win!
This is bullsh#@.
ZOË BAIRD?
Is that the Zoe Baird from nanny gate?
Sounds great! US doctors can opt-out of Obamacare and start treating the Chinese via tele-medicine, and perhaps China can reciprocate by sending non-white (and therefore non-racist) cops to handle our cities.
The “global economy” thing works well for people who are not only college educated, but actually smart enough to capitalize on their education. Even if we make 4 years of college free for all people, they will have to dumb it down (even more than they already do that) enough so all those people can “gadjiate” and get a “diplooma”.
Then, they still can’t compete in an information job market.
China may create jobs for those who are intelligent AND educated, but the rest will become wards of the state who work occasionally for minimum wage throughout their lives. The corporations don’t need them, small businesses only want them for a short time until they turn them out for new entry-level workers, they can’t form businesses that can enter the global market, and they lack the skills to start their own small business where they are management and labor in their own company.
These are the people who demand socialism on a larger scale with every passing election. They think they have nothing to lose and everything to gain, and to a point they are correct.
China has already created a lot of American jobs such as gantry crane operators and truck drivers.
Plenty of Apple fanboys are heading over to China to make $52/hour assembling iPhones at chinese work-houses. Apple says they pay their employees in china well.
Contumely welcomed but please keep it clean.
Mostly quotes from the article.
Shortly after Mao's death in 1976 Deng Xiaoping proposed a policy of “socialism with Chinese characteristics,” or market socialism . . . the CCP understood that building lasting socialism required a modernized industrial base . . . the [CCP] delegated greater authority to local governments and converted some small and medium sized industries into businesses, who were subject to regulations and direction from the CCP . . . China’s market socialism has its roots in the New Economic Policy (NEP) of the Bolsheviks . . . [Lenin noted that] capitalist relations of production can exist within and compete with socialism without changing the class orientation of a proletarian state . . .
[April 1921 Lenin writes:]
Socialism is inconceivable without large-scale capitalist engineering based on the latest discoveries of modern science. It is inconceivable without planned state organisation which keeps tens of millions of people to the strictest observance of a unified standard in production and distribution. We Marxists have always spoken of this, and it is not worth while wasting two seconds talking to people who do not understand even this.
[Not mentioned was the Chi-Coms' early state owned enterprises were a disaster and they realized that what was needed was "large-scale capitalist engineering based on the latest discoveries of modern science" Lenin's name for the capitalists: "useful idiots."]
[May 2009, Heritage Foundation]
. . . [after said large-scale capitalist engineering's technology and know how were gladly provided the Chi-Coms in exchange for cheap labor and things were going great China's state owned enterprises turned to the market] state ownership is often diluted by the division of ownership into shares . . . The sale of stock does nothing by itself to alter state control: dozens of enterprises are no less state controlled simply because they are listed on foreign stock exchanges. As a practical matter, three-quarters of the roughly 1,500 companies listed as domestic stocks are still state owned. . . . No matter their shareholding structure, all national corporations in the sectors that make up the core of the Chinese economy are required by law to be owned or controlled by the state. These sectors include power generation and distribution; oil, coal, petrochemicals, and natural gas; telecommunications; armaments; Aviation and shipping; machinery and automobile production; information technologies; construction; and the production of iron, steel, and nonferrous metals. The railroads, grain distribution, and insurance are also dominated by the state, even if no official edict says so . . . the state exercises control over most of the rest of the economy through the financial system, especially the banks. By the end of 2008, outstanding loans amounted to almost $5 trillion, and annual loan growth was almost 19 percent and accelerating; lending, in other words, is probably China’s principal economic force. The Chinese state owns all the large financial institutions, the People’s Bank of China assigns them loan quotas every year, and lending is directed according to the state’s priorities. [I did not see mention of the "nonperforming" loan problem.]
. . . the CCP introduced markets as a tool to build socialism, rather than as a permanent functioning mode of economic organization . . . the CCP has harnessed the market as a means to generating an industrial base sufficient to build ‘higher socialism’ . . . As foreign capital entered China, [attracted] by China’s vast labor pool–exploited some Chinese workers through capitalist relations of production. The exploitative behavior of foreign corporations constitutes a major contradiction in the Chinese economy that the CCP has taken concerted steps towards resolving . . . the CCP places restrictions on foreign corporations’ ability to operate in China that severely curtail their politico-economic power in China . . . Dramatic increases in wages and benefits for Chinese workers . . . is a serious blow to foreign corporations and makes China a decisively less attractive hub of cheap labor for foreign investors . . . Greater willingness by the CCP to confront and attack foreign capital in the interests of the working class is the deliberate product of market socialism’s success in developing China’s productive forces . . . the success of modernization via the market economy has paved the way for ‘higher socialism’. [IOW the Chi-Coms are about to put the useful idiots on a slow boat to America. They no longer need them.]
End of quotes
RE: "Greater willingness by the CCP to confront and attack foreign capital in the interests of the working class is the deliberate product of market socialism’s success in developing China’s productive forces . . . the success of modernization via the market economy has paved the way for ‘higher socialism’."
The Chi-Coms did NEP right, they became billionaires. As NEP succeeded to build the economy the Bolsheviks got scared and ended it doing away with the Nepmen and ended the welcome of Western corporate "useful idiots". The Bolsheviks kept the factories and all.
The Chi-Coms will too end the welcome of corporate "useful idiots", keep the factories and all, and the PLA will wave goodbye thanking the free traders for making it possible to build the worlds second most powerful military. We'll keep in touch, promise the PLA.
IMO Red China is a bubble. It will burst before there's ‘higher socialism’ and the Chi-Coms will be goners.
Will the Chi-Coms provoke a war before the bubble can burst?