[Marxism] Neoliberalism Hits a Speedbump?

michael perelman michael.perelman3 at gmail.com
Wed Mar 14 22:26:14 MDT 2012

The Wall Street Journal has an interesting article today, which
begins, " More Asian governments are pressing businesses to hike wages
as a way to prevent outbreaks of labor unrest, raising the specter of
higher manufacturing costs for global companies -- and the products
they sell world-wide."

The problem is that people in Asia lack the necessary naiveté to make
capitalism work efficiently; i.e. to maximize exploitation.

"Political leaders say they have little choice but to act, as voters
grow savvier about wage gains" elsewhere, which they can research on
the Internet. Recent protests by low-income workers in places like
Indonesia and Thailand have added to pressure on governments to raise

"There is a genuine feeling that the low-wage segments [of Asia's
population] haven't made much progress in recent years" as the gap
between rich and poor has widened in some areas, said Edward Teather,
an economist at UBS in Singapore."

What is wrong with Americans that they can be bamboozled to think that
the current neoliberal policies are constructive of anything more than
more of the same?

Michael Perelman
Economics Department
California State University
Chico, CA

530 898 5321
fax 530 898 5901

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