====================================================================== Rule #1: YOU MUST clip all extraneous text when replying to a message. ======================================================================
I don't pretend to be an expert on China -- only an interested observer. China faces a host of problems -- creating enough jobs, resources, an unresponsive party, Tibet ..... Yes, the ride of its life. On Wed, Jun 09, 2010 at 06:17:49PM -0400, S. Artesian wrote: > > I don't think the outlook is quite that rosy. The fight for higher wages, > while it will have little impact on prices of production, will have an > impact on the costs of production, on profits, which will drive the > capitalism in China to move away from dependence, more or less, on > "absolute" surplus value, and more towards relative surplus value-- from the > "formal" to the "real" domination of capital, as some one back in the 19th > century might have put it. > > If this is the end of the "cheap labor" phase of China's capitalist > expansion, the next phase will require expulsion of labor from the > production process, and a revolutionizing of agricultural production to > increase "free" labor from the countryside, increasing a reserve army to > moderate the ascent of wages in the industrial centers. I think China is > in for the ride of its life. > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
