richlind33: ... in response to a spike in suicides due to coerced overtime.
So I ask you, does
China meet your criteria for "competitive markets"?
Brasas: From the article you posted:
"When one jumper left a note explaining that he committed suicide to provide for his family, the program of remuneration for the families of jumpers was canceled."
Funny how ^that^ directly contradicts you... messy reality getting in the way of your dogma.
And what a "spike":
"Out of a million people, 17 suicides isn’t much—indeed, American college students kill themselves at four times that rate."
That's just like, in the first ten paragraphs you linked? Stop trolling.
To the contrary, the note suggests 2 things: that Foxconn's wages are shite, and that the man had lost the will to go on living.
Those 17 suicides resulted in the square mile complex becoming a cacoon of suicide netting -- a picture that begs the caption "trouble in paradise".
Again, Foxconn is as good as it gets for workers in
China, and is far above the appalling norm.
BTW, do you always answer yes/no questions with grandiose walls of text?
Brasas: To throw you another bone however,
China is a fascist planned economy - which is mostly irrelevant to the sweatshop / slavery angle you are pushing. You see, that's what I find hilarious about you. You might actually have believed I thought
China was somehow an example of ideal capitalism, liberalism, whatever you want to call it. You reached the correct answer - they're far from a paragon of virtue - but your process is all screwed up. You flunk mate.
Many of the factories in
China *are* sweatshops, with workers that sleep under their work tables, or bridges, etc., etc.
Actually, I presumed that you didn't see
China as being ideal, so you have failed again to answer my question.
Brasas: PS: For the audience's benefit. The Chinese government would rather have much more control over the population displacements brought by labor demand (caused by Foxconn, etc). Also Chinese reality regarding sociopolitics is very difficult to break into, but traditionally the main political tension in
China is precisely pitting central planners - whether they are nationalist or communist or both - versus the kind of independent minded (read: risky separatist) warlord / entrepreneurs that are constant in its history. That is why richlind's attempt to paint the picture of an obvious alliance of interest between the chinese state and the Foxconn's of the world is borderline farcical. * Of course I don't actually know if Foxconn management specifically is under control / influence of the Chinese ruling party or some element of the opposition, but the dynamics are all wrong. Chinese politicians are happy with the geopolitical fruits in terms of capital and power brought by globalization, but they are very suspicious of its societal impacts - especially any kind of capital driven empowerment of rival elites, as well of "trickle down" empowerment of the masses. ** They know very well that capitalist economic activity tends to lead to democratic demand - it's no coincidence how political liberal reform followed the Industrial Revolution in England. Which is quite ironic in the context of economic literacy I was talking to viper.
I made no reference to the Communist Party, but let's assume that I did: Foxconn exists because the CPC allows it to, and the fact that it is likely a grudging alliance is beside any point I am trying to make here.
But thank you for another grandiose wall of text.
Brasas: ** No surprise they find it very hard to thread the needle of "managed growth" via encouraging internal consumption as an alternative for diminishing international demand.
* I'm being unfair - Richlind's angle if I recall is rather about the world elites aligning to control the people. Unlike a hardcore communist for whom the bourgeousie is seen dogmatically as a conservative united block (at present the lingo would be a privileged united block ofc), he sees the elites dogmatically as a maquiavelian united block (pulling strings, etc... I would be surprised if he is not traditionally anti-semitic). Circling back, that's why I think he finds it so hard to believe I'm being sincere - I also see conflicts between political and economic interests. He only sees collusion.
When you have private control of national money supplies this is entirely moot, and this is well-understood by intelligent libertarians who long ago recognized and identified banking collusion for what it truly is, including it's relationship to the so-called "business cycle".
https://mises.org/library/economic-depressions-their-cause-and-cure-4/html/c/67 BTW, I quite enjoy walls of text that are informative. ;p