Saturday, November 19, 2011


In a desperate move to ease their financial difficulties European politicians have been looking to the Chinese capitalist class for some assistance, but so far have been rebuffed. "The head of the Chinese state's overseas investment arm said he would only help Europe if it reformed its outdated labour laws and welfare systems. Jin Liqun, chairman of the board of supervisors of China Investment Corporation, said Europeans should stop "languishing on the beach" and work harder it they want to drag the eurozone out of its downward spiral." (Daily Mail, 13 November) The Chinese model of ruthless exploitation, long hours and starvation wages may be the ideal for the European capitalists but their workers may prove less accommodating than the Chinese wage slaves. RD

No comments: