[Marxism] Neoliberalism Hits a Speedbump?

Jim Farmelant farmelantj at juno.com
Thu Mar 15 06:04:32 MDT 2012

I think it's noteworthy that the Chinese government seems to be a bit more tolerant of labor actions in their country than they have been in the past.  I think that the recent recession has also convinced them that there is less of a future for them in exporting to the US and EU, so they need to beef up their domestic markets which can only be done by raising wages in China.  

Jim Farmelant
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---------- Original Message ----------
From: michael perelman <michael.perelman3 at gmail.com>
To: farmelantj at juno.com
Subject: [Marxism] Neoliberalism Hits a Speedbump?
Date: Wed, 14 Mar 2012 21:26:14 -0700

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 naivet� 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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