[Marxism] China Influence Grows With Car Sales

Lüko Willms lueko.willms at t-online.de
Wed Apr 22 00:29:43 MDT 2009

On Tue, 21 Apr 2009 16:33:30 -0400 S. Artesian wrote:
> Obviously, that's good news for the bourgeoisie, and I'm sure it's why stock 
> markets all over the world have ticked up, including the Shanghai index that 
> is up 34% from its lows, which means its only down 33% from its previous 
> highs. 

  The hopes will be in vain ... the crisis has yet to destroy real capital big 
time, the pumping up of the money mass in USD, GBP and EUR does not 
increase the world's production of surplus value to be appropriated. 

> Our friend Lueko upplays car sales as if they are an index to China closing 
> the gap on the US,  becoming a new center of economic gravity for.... 
   Industrial production. 

   Besides that, the car sales statistics indicate car sales. And that car sales 
in China are still rather increasing, while that have been severely decreasing 
in the USA and other imperialist countries. 

   France, Germany and Italy have created an artificial boom of car sales 
with a "prime de casse", "Verschrottungsprämie", or in plain english 
"scrappage bonus" (the state subsidizes buying a new car with a fixed 
amount (2'500 EUR in Germany) if the buyer junks his old car in turn, 
scrapping it completely; my personal mishap is that I rather gave away my 
old car last November while it would be worth 2'500 EUR now!), but this will 
not solve the problem in the long run, especially because this helps only 
selling small cars, not the "premium class" which the German car companies 
BMW and Daimler specialise in. 

   Finally, I am not so much interested in lamenting about the problems which 
revolutionists face, but try and see the openings which are there, and the 
advances of "Third World" countries. 

Comradely yours, 
Lüko Willms
Frankfurt, Germany

More information about the Marxism mailing list