[fanfan]

Last updated at 22:03pm on 9th February 2008

I don't know when this happened, but thought it needed to be posted.

I searched.

[fanfan]

Ping

[lookout88]

WOW, they are all probably put in the organ redistribution program by now.

[2banana]

Hmmm - this sounds like something Marx wrote about in capitalistic societies (unlike the Communist China??)

[MeanWestTexan]

Ah, workers’ paradise.

[Clintonfatigued]

Ah, another example of the Socialist Workers’ Paradise.

[PapaBear3625]

And with the foundation of its economic success in decline, China's future as a global superpower is in question. The country's leaders have acknowledged the looming crisis and are belatedly trying to encourage high-tech industries. But unlike Japan and India, which have built their success largely on technology industries, China lacks both the skilled workers to step up to the challenge and the captains of industry to oversee the necessary change.

China's problem is that, while it has lots of peasants that used to be willing to work cheaply, computers and robots can get the work done even more cheaply

[sinanju]

Wow! It’s looking like China Inc. is having a Ceaucescu-on-the-balcony moment. Take especial notice of how cell-phones and the internet in the hands of the working stiffs are empowering an informal, non-hierarchical but well-networked (and very mobile) labor movement.

[Vince Ferrer]

China used to have the concept of the "work unit." You were assigned to a work unit when you were of working age, and the work unit would control your life, especially your career, until you retire. A person would even have to get permission to marry from their work unit, (and apparently still do).

However, the rapid industrialization created for the first time a mobile society in China, which seems to have effectively destroyed the work unit concept. Once Chinese people can move from job to job for more wages, labor inflation results. This is happening in India IT work too, as I have heard several times from my Indian friends that they can as much money in India as in the US now. Indians achieved this rapid parity by changing jobs every 6 months for whoever offered more money.

While this is good for the Chinese workers, there is also a very real danger that some of these industries will leave China. The article mentions that factories are moving inland into interior cities looking for lower wage workers. This is actually difficult to do, because the transportation infrastructure is not well developed into the interior of the country. Almost all of the boom has occured along the coast, because the export transportation is easy. If it is easier to just move the factory to Vietnam's coastal cities, a lot of jobs will move to Vietnam.

[B4Ranch]

Thanks for posting the article.

So, China has a few problems too? A few million people are looking for work? A few dozen factories have gone bankrupt. Big deal? No, not at all.

China — Population: 1,321,851,888 (July 2007 est.)
According to http://wikitravel.org/en/China

[WilliamofCarmichael]

Its factory owners are mostly privileged children of party officials – 90 per cent of China's billionaires are the children of senior cadres – who have a reputation for spending more time in karaoke lounges than boardrooms. They are ill-equipped to act as innovators and entrepreneurs.

See! Private individuals now own a large portion of enterprises -- it's not all Communist government owned enterprises. See! any day now China will be a freedom loving, democratic paradise.. any day.. it's just a matter of hours. . . .

"Peer beneath the surface, and there is a weak China; one that is in long-term decline and even on the verge of collapse," says Gordon Chang, an economic analyst and author of The Coming Collapse Of China. "The symptoms of decay are to be seen everywhere."

As I recall Mr. Chang predicted that if China was admitted to the WTO and forced to comply with accepted international trading standards it'd contribute to the collapse the country.

Just one more problem. But not to worry, Mr. "Too much government interference in the U.S., I have to go to China" Businessman. The taxpayers stand ready to review your request for compensation for losses, should they occur, with.. well, government interference, the good kind.

And what luck for the Chi-Coms! Our next president will be an open borders! guy (or gal). Follow Mexicorruption's example: send your tens of millions of trouble makers and unwanteds to the border. What a deal!

[grey_whiskers]

Self *PING* for later!