[Marxism] China's economic troubles spell woe for world

Stuart Munckton stuartmunckton at gmail.com
Mon Oct 12 22:24:09 MDT 2015


With a 50% drop in commodity prices from their high point in 2011 causing a
30% fall in the terms of trade, per capita real national income contracting
for five quarters in a row, and GDP growth at an anaemic 2%, no growth is
just as likely as slow growth.

Last year's growth in global trade was 3.6%, almost half of the 7% growth
that was the norm before the onset of the Great Recession in 2008.

https://www.greenleft.org.au/node/60307


-- 
“Disobedience, in the eyes of anyone who has read history, is humanity’s
original virtue. It is through disobedience that progress has been made,
through disobedience and through rebellion.” — Oscar Wilde, Soul of Man
Under Socialism

“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker



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