Mike B writes:>China is richer these days because the wage-slaves are
more productive than ever. <
they're richer (per capita) partly because "richer" and "productivity" are measured in
terms of GDP, which ignores non-market costs and benefits.
Jim
-----Original Message-----
From: Mike Ballard [mailto:[EMAIL PROTECTED]
Sent: Sat 8/9/2003 2:01 PM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] The Road to Serfdom
--- Martin Hart-Landsberg <[EMAIL PROTECTED]> wrote:
In short, based on my study of the Chinese experience,
while there were
some in the state that just supported growing
marketization for their
own gain, there were many in the party that saw the
need to overcome
problems of imbalance and inefficiency from the Mao
era and sought to
do so by encouraging competition between firms and
this lead step by
step to promotion of profits, and the creation of a
labor market and
...
ta-da-doom........the coninuation of wage-slavery,
classes, the State and all the undemocratic baggage
that goes with that sort of political-economy. Not
that the more Mao inspired system of State controlled
commodity production didn't result in much the same
system with, of course, variations on all the
abovementioned themes.
China is richer these days because the wage-slaves are
more productive than ever. The same is true for the
USA where according to the "New York Times", "The
Labor Department reported that productivity -- the
amount that an employee produces per hour of work --
rose at an annual rate of 5.7 percent in the April to
June quarter. That was the best performance since the
third quarter of 2002." The question is, "Who
controls and owns the social product of labour, the
marketeers or the producers?"
Best,
Mike B)
=====
*****************************************************************
Cognitive dissonance is the inner conflict produced when long-standing beliefs
are contradicted by new evidence.
http://profiles.yahoo.com/swillsqueal
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