Marx advocated the abolition of the wages system: in China, in contrast, wage labour was extended to a much larger proportion of the population.
Mao stated in 1949 ‘China must utilize all the factors of urban and rural capitalism that are beneficial and not harmful to the national economy and the people’s livelihood, and we must unite with the national bourgeoisie in common struggle. Our present policy is to regulate capitalism, not to destroy it.’ 'China is now an integral and irreplaceable part of global capitalism' (consortiumnews, 28 July 2020). China's super-wealthy got $1.5trillion richer during pandemic that began in Wuhan, with one analyst saying: 'The world's never seen this much wealth created in one year'http://dailym.ai/35jez9w (Daily Mail, 20 October).
'Since the onset of Covid-19 in early 2020, the combined wealth of the 650 American billionaires has increased by nearly $1 trillion' (Alternet, 1 December).
Today, China is minting new billionaires at the rate of two per week! This should not come as a surprise as capitalist hallmarks, such as class society, commodity production, profit motive, exploitation of wage labour, markets, etc., exist there as they do worldwide. Further evidence is supplied by an article titled 'Always Stay Professional'. Inside China's Booming Butler Schools, Nothing But the Best Will Do' (Time, 1 November, 2017). Here we learn that some of China's 1,590,000 millionaires wish to live the life of Riley Downtown Abbey style! 'Students pay 50,000 rmb ($7,500) for a six-week course on food presentation, how to iron shirts the proper way, and maintaining serene decorum at all times.... Students learn how to choose fine wine but also good Chinese liquor, teach tai chi, perform a tea ceremony and caddy on the golf course. For many, it’s another world.' Indeed. '...15-hour days and endless drilling. How to clean a toilet, iron a tablecloth, use tape-measures and plastic blocks to get table placings perfectly aligned. It’s a regimen of burns, blisters and bottomless cups of coffee'. According to a Peking University report from 2016, the income disparity is getting worse with the top 1 percent owning a third of the country’s wealth and the bottom 25 percent of the population just 1 percent. The 99% never voted for this!
2 comments:
Quite the black eye for Capitalism when them damn Reds are better at accumulating assets than the home team and inveterate cheerleaders.
Marx advocated the abolition of the wages system: in China, in contrast, wage labour was extended to a much larger proportion of the population.
Mao stated in 1949 ‘China must utilize all the factors of urban and rural capitalism that are beneficial and not harmful to the national economy and the people’s livelihood, and we must unite with the national bourgeoisie in common struggle. Our present policy is to regulate capitalism, not to destroy it.’
'China is now an integral and irreplaceable part of global capitalism' (consortiumnews, 28 July 2020).
China's super-wealthy got $1.5trillion richer during pandemic that began in Wuhan, with one analyst saying: 'The world's never seen this much wealth created in one year'http://dailym.ai/35jez9w (Daily Mail, 20 October).
'Since the onset of Covid-19 in early 2020, the combined wealth of the 650 American billionaires has increased by nearly $1 trillion' (Alternet, 1 December).
Today, China is minting new billionaires at the rate of two per week! This should not come as a surprise as capitalist hallmarks, such as class society, commodity production, profit motive, exploitation of wage labour, markets, etc., exist there as they do worldwide. Further evidence is supplied by an article titled 'Always Stay Professional'. Inside China's Booming Butler Schools, Nothing But the Best Will Do' (Time, 1 November, 2017). Here we learn that some of China's 1,590,000 millionaires wish to live the life of Riley Downtown Abbey style! 'Students pay 50,000 rmb ($7,500) for a six-week course on food presentation, how to iron shirts the proper way, and maintaining serene decorum at all times.... Students learn how to choose fine wine but also good Chinese liquor, teach tai chi, perform a tea ceremony and caddy on the golf course. For many, it’s another world.' Indeed. '...15-hour days and endless drilling. How to clean a toilet, iron a tablecloth, use tape-measures and plastic blocks to get table placings perfectly aligned. It’s a regimen of burns, blisters and bottomless cups of coffee'. According to a Peking University report from 2016, the income disparity is getting worse with the top 1 percent owning a third of the country’s wealth and the bottom 25 percent of the population just 1 percent. The 99% never voted for this!
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