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again sorta not -
01-06-2010, 05:29 PM
what will happen in China is when 'cheap labor' demands more pay.- will be a repeat of what happened in the United States against it's labor force. During the 60's and 70's the financial markets withdrew capital and de-industrialized the United States and transfered it's capital (money) and industrial base overseas to foreign markets with 'cheap labor'.
This process has been well documented especially in works by Howard Zinn,
Michael Parenti. A simple tour of the US 'rust belt'. Once center of the worlds largest steel works - Auto industry now wasteland of urban decay. The same story for the former US- textile industry.
Last edited by fluffy0000 : 01-06-2010 at 05:31 PM.
Reason: edit
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