Monday, June 7, 2010

The Chinese working class emerges

from World Socialist Web Site. 
Major corporations such as Honda now depend heavily on the super-profits extracted from cheap, regimented labour in China. The reliance of international capital on China has been magnified by the global financial crisis that erupted in 2007-08. Any upsurge of the multi-millioned working class in China not only directly threatens corporate profits, but would inevitably reverberate throughout the world economy and financial system.