Wonderful Chinese capitalism
This comes from the BBC. Good on the enterprising factory owner for not letting politics get in the way of business!
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30 Responses to “Wonderful Chinese capitalism”
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April 29th, 2008 at 10:06 am
Superb.
Market capitalism rules.
I’m thinking 20 years.
April 29th, 2008 at 10:48 am
Market capitalism rules ??
yes we have had antifreeze in toothpaste and fake ingredients in blood thinning drugs as well.
Unfettered capitalism, you wouldn’t brush your teeth with it,
and in China I’m sure the factory owner is now helping police with their inquiries( tomorrows story)
April 29th, 2008 at 11:00 am
GWW does not understand that safety standards are not inconsistent with capitalism. In fact I dare say capitalist states have far better safety records.
April 29th, 2008 at 11:00 am
We shall see how much “Market Capitalism” enters into the subsequent enquiries and sentencing………..ay?
April 29th, 2008 at 11:03 am
Ghostie – you’ve misread your 9th floor cue cards.
Canada bad, China good – OK?
April 29th, 2008 at 11:06 am
Re coil, its off topic.
But The lines network has barely any land of its own to be classed as strategic, the network is almost entirely on public land allready
market capitalism- bet you wouldnt live there.
Nor send your kids to school or your family to hospital
April 29th, 2008 at 11:11 am
GWW does not understand that safety standards are not inconsistent with capitalism. In fact I dare say capitalist states have far better safety records.
Under capitalism a business has an incentive to cut costs as far as possible, and this applies to labour as much as any other cost. The rational course of action for an enterprise in a capitalist system is to cut health and safety, and endanger its workers if it means getting a competitive edge on their opponents. Of course most employers are decent and responsible people who care for their workers’ safety, but this is in spite of the incentives in the capitalist system, not because of them.
It is organised labour forcing business, both industrially and politically, to provide decent health and safety provisions that has improved standards across the board in capitalist countries. A free media has also been crucial – it’s not good for your brand if workers are getting killed and maimed on the job.
Where Stalinist countries have had poor health and safety records I’d argue this is due to restrictions on free trade unions and on freedom of the press, not because of any supposed socialist principles.
[DPF: Tane shows the typical misunderstanding of how businesses really work as opposed to the theory. First of all the issue was about safety standards in products and when people have the choice not to buy a product that produces a great incentive to have safe products.
The best way to make employers have better safety standards for employees would to be make them liable for any injuries they are responsible for. It is ACC arguably which acts against workers best interests by protecting employers who do not have safe enough workplaces]
April 29th, 2008 at 11:17 am
Whatever, piss off to Russia if you love the results of socialism so much.
April 29th, 2008 at 11:27 am
Tane: The rational course of action for an enterprise in a capitalist system is to cut health and safety, and endanger its workers if it means getting a competitive edge on their opponents.
Of course Tane would describe that as rational. Employees are so easy to replace you can afford to injure them at will and who cares, they’re not really people after all.
Note: Sarcasm. Just in case one of the local idiots decides to say: “Oh look! A right winger saying exactly what we imagine they all think!”
April 29th, 2008 at 11:40 am
Pascal , most people are employed by small business.
And you should look at NZs work ( and death ) accident rates.
They seem to speak for themselves as wether you can afford to injure them.
However most regulated capitalist states are 100 times better than China Mexico, Thailand ( thats why F&P is going)
April 29th, 2008 at 11:41 am
As Lenin said, the capitalist class is that they will sell you the rope you hang them with!
(please note quoting Lenin is not an endorsement, just an observation)
April 29th, 2008 at 11:42 am
Oh could someone point Murray towards a history textbook that contains information on Russia post 1990.
Stuck in a timewarp that boy.
April 29th, 2008 at 11:44 am
I must say on my visits to China the safety standards are improving In the early days they didnt have any netting on the scaffolding on the high rises under construction.
They do now even thou the scaffolding is still bamboo poles lashed together with flax.
April 29th, 2008 at 11:46 am
Tane says:
“Under capitalism a business has an incentive to cut costs as far as possible, and this applies to labour as much as any other cost. The rational course of action for an enterprise in a capitalist system is to cut health and safety, and endanger its workers if it means getting a competitive edge on their opponents. “
What?! If that was a rational course of action then a business owner operating on those lines wouldn’t be in business for very long.
1. Dangerous workplaces rapidly get a bad reputation so they don’t attract good employee’s who consistently produce for their employers. These productive employee’s go to safer workplaces who then get an edge over the competition thanks to these productive employee’s. Meanwhile the dangerous workplace loses money.
2. Accident prone workplaces end up with high staff turn over causing them to spend more on recruitment and face more temporary shut downs because their having to clean up and repair more often because of the increased accident rate. So again they lose money.
3. Many business owners in NZ are owner-operator businesses that the employer works in just the same as his/her employee’s. Farmers, corner dairy owners, supermarket owner/managers of Pak’nSaves, vets, rural transport companies, the list is near endless.
Cutting Health and safety would not only be putting their productive employees who make the business money at risk, but also themselves. Hardly rational is it?
In the end , cutting Health and Safely in effect means cutting profit, and ultimately business failure. If you’re a capitalist, this is not rational behavior.
April 29th, 2008 at 11:48 am
Which party in NZ in the last 9 years has had an MP which was part of the Chinese Communist nomenklatura.
Which party in NZ in the last 9 years has had an MP who was convicted of stealing public funds
April 29th, 2008 at 11:54 am
Which party in NZ in the last 9 years has had an MP which enjoys walking in on naked school girls
Which party in NZ in the last 9 years has had an MP facing charges in the court right now
Which party in NZ in the last 9 years has had an MP whose was convicted of drink driving
Which party in NZ in the last 9 years has been found guilty of stealing $880,000 of public funds
April 29th, 2008 at 11:55 am
Gee wilickers….
They don’t like market capitalism as a concept do they?
Be hard to extract a subsidised life from others in a free society, I’m just guessing.
April 29th, 2008 at 12:03 pm
But The lines network has barely any land of its own to be classed as strategic, the network is almost entirely on public land allready
Idiot, the lines themselves are the strategic asset! Even a moron can see through the Governments spin on this one.
Oh wait I take it back – you clearly dont see it….
April 29th, 2008 at 12:05 pm
As Lenin said, the capitalist class is that they will sell you the rope you hang them with!
Old Soviet joke:
Capatilism is man exploiting man. Communism is the complete opposite.
April 29th, 2008 at 12:06 pm
Oh could someone point Murray towards a history textbook that contains information on Russia post 1990.
Off topic I know, but youhaven’t noticed Putin at work have you? Hardly going down the road to turn Russia into an open society….
April 29th, 2008 at 12:07 pm
Perhaps Tane & GWW should reflect on Russia & China’s environmental and health & safety records before they point the bone at capitalism. Socialism has a much worse track record of rampant destruction and uncaring recklessness. But socialism is good though right???
April 29th, 2008 at 12:12 pm
Tane actually said, in his last sentence:
“Where Stalinist countries have had poor health and safety records I’d argue this is due to restrictions on free trade unions and on freedom of the press, not because of any supposed socialist principles.”
Tane, the trouble HERE is that policies of extreme “equality” are such a brake on total output, that there simply is not the wealth available for better working conditions and the like. Note that Trade Unions in former Eastern Bloc nations ended up one of the main forces for organised advocacy of free market capitalism………..
April 29th, 2008 at 12:31 pm
nice one big bruv …. anything to highlight the total hypocrisy in GWW3′s garbage.
April 29th, 2008 at 1:38 pm
And thus the market brings freedom, and in twenty years time the children of China will all be wearing ironic pictures of the Dalai Lama.
Why does spell check want to say “Malaise Llama”- has the market not caught up yet?
April 29th, 2008 at 2:34 pm
Which party in last 9 years had an MP convicted of inteferring with a court case ( and lost another employment case because the Judge questioned the reliability of his evidence)
The others you refer to other than DUI were not convictions or havent been proved yet.
April 29th, 2008 at 2:59 pm
How many body parts for sale to the rich west can you cut out of a factory owner, and leave him alive long enough to be shot.??? ,love our new chinese friends and the great rioting communist party flag waving effort in Wellington and Auckland, we would be shot down if 1000 kiwis rioted and waved NEW ZEALAND flags ANYWHERE in china
April 29th, 2008 at 9:25 pm
I bet they aren’t making those flags there any more
April 29th, 2008 at 10:16 pm
GWW – you seem to have a habit of pulling the pin and then holding the grenade. It was only a day or so ago that you raised the subject of politians who break the law and were, if I recall well and truly fisked with a catalogue of Labour MP’s lying, cheating, stealing, perverting the course of justice etc etc. Let it go man. It’s not a good look.
April 29th, 2008 at 10:50 pm
Getstaffed:
Indeed – here’s some remedial reading for Ghost-who-begs-to-be-exorcised
April 29th, 2008 at 11:21 pm
“Indeed – here’s some remedial reading for Ghost-who-begs-to-be-exorcised”
Dont miss out annette E FAking with her husband and the Hawkes Bay DHB