As a consequence socialist say we, (the working class providers of the world’s wealth, can extricate ourselves from the abundant problems caused by this system of production) must replace world capitalism by world socialism.
An article in the BBC news today carries an excellent example of some members of the Indian capitalist class’s thinking about replacing possible deficiencies that may arise should the supply of skilled labour in the computing market cause a global war for talent.
I pick and emphasize this part of the article, which shows the class thinking we should be made aware of.
"But industry analysts wonder whether the rising wage bill will eventually make Indian software companies uncompetitive in the world market. After all, lower labour costs are what gave them their initial advantage.
The Indian companies answer that it is their global production systems and their skills, not low wages, that give them comparative advantage.
But they are also hedging their bets.
All the Bangalore tigers have set up development centres in China, where they can employ software engineers for considerably less than they are currently paying their Indian staff".
Notice the use of the words in this article "global war" and "the battle for India's future in a globallized world is being waged" "global outsourcing industry".
Workers must think globally, act globally