Reddit refuge

  • 9 Posts
  • 856 Comments
Joined 1 year ago
cake
Cake day: June 16th, 2023

help-circle





  • HobbitFoot @thelemmy.clubtoComic Strips@lemmy.worldCapitalism
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    1
    ·
    12 hours ago

    Part of the problem is that, while Marx writes well regarding the economic flaws of capitalism, he isn’t as good at writing about the politics of change.

    When induced by the body politic, we see that some of the economic surplus can be reallocated to the workers provided there is political pressure. It can come in the form of state backed rights, progressive taxation, and even direct welfare payments.

    It probably isn’t the perfect system Marx envisioned, but enlightened liberalism is able to make subtle shifts over time in a way that absolute monarchies can’t.







  • China is definitely pumping money into its manufacturing capabilities, but I don’t think cornering the international market is why.

    What appears to be happening is that local officials pushed an industrial development policy to make economic numbers go up. Some provinces got to the point of building factories and leasing them out to companies for that sweet economic growth.

    The Chinese national government is trying to find a market for this since it can’t afford for all Chinese local investment to be bad. Developing countries don’t have the funds for the cheap solar output and the other industrialized nations are putting up trade barriers since they are running massive trade deficits with China already.