How's that for competitiveness? Jon Stewart's video on the Foxconn workers and more

Sorry for not posting during the last few days, but i had to deal with a medical emergency (my mother was in the hospital), so there was no time for me to write. I will resume writing about China, in the third and final post on the subject, where we shall discuss China's moves on the monetary plain, as it seeks to end the dollar's rain as... Read...

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On 100 Year Anniversery of 'Bread and Roses' Strike, Many Draw Connections to Today's Hurdles

Repost from "Common Dreams": Bread and Roses Strikers March January 12, 2012 was the 100 year anniversary of the 'Bread and Roses' textile workers Strike in Lawrence, Mass. The dire conditions leading up to the strike remind some of the current socio-political climate and offer lessons for workers' struggles today. The Boston Globe... Read...

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On China-Part 2: Is China a bubble? What about all those poor Chinese workers?

This is a "before and after" picture of Shanghai that we found via the Atlantic magazine. It depicts the city's extraordinary growth within the last 20 years (1990-2010). When the Berlin Wall fell, a whole new world was assimilated by the capitalists: The countries of the former "Soviet bloc" and, of course, China. We have already discussed... Read...

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Work till you drop, so that we can become even richer

- THIS IS CAPITALISM: We don't need all of you, and we need need all of your children. We have many workers in Asia, who work longer hours for less money. And they teach their kids to do so, unlike the western workers who have the "audacity" to demand an 8-hour day, or a decent salary. So let the western workers starve, until they start... Read...

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If only I had a dime for every time someone said "The Euro Is Dead"...

This was the cover of "The Economist" a few months ago, when concerns about the future of the euro had reached an all-time high, and the British (who of course never really liked the euro) were even talking about a British government's plan to help its citizens that have been "stranded" in in country that was part of the eurozone to... Read...

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“From now on the bankers will rule”

After the July Revolution [of 1830], when the liberal banker Laffitte led his Compère, the Duke of Orleans, in triumph to the Hotel de Ville, he let fall the words: “From now on the bankers will rule”. Laffitte had betrayed the secret of the revolution. It was not the French bourgeoisie that ruled under Louis Philippe, but one faction of... Read...

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What might history tell us about the "Greek crisis"?

We haven't talked about the euro yet in this blog - and this is something that we will have to remedy soon. But for now, we will focus on the "Greek crisis", as more and more analysts, banks and investors are preparing for a debt restructuring and/or a default. There are plenty of articles on the subject - however, we will repost an... Read...

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