[Marxism] China's economic troubles spell woe for world
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.
“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
“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker
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