this post was submitted on 23 Mar 2026
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Chapotraphouse

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Capitalist countries have avoided Marx’s epidemic of overproduction because they have come to recognize that workers are also consumers. These governments have let wages rise to drive up demand.

I am sure labor pressure had nothing to do with it.

China should learn from this example. It must enrich its own citizens by encouraging collective bargaining, providing social security, removing caps on wage growth, and raising the minimum wage. Doing so could allow China’s consumption to eventually match its production prowess. If Beijing does not adopt a more pro-worker stance, its economy will become more lopsided, trade tensions will rise, and Chinese citizens will not be able to reap the full benefits of the economic miracle that they have created and rightly deserve.

This means America will do the same, right? anakin-padme-2

America will do the same, right? anakin-padme-4

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[–] Rom@hexbear.net 23 points 17 hours ago* (last edited 16 hours ago) (1 children)

These governments have let wages rise

No the fuck they haven't. They're really just going to lie straight to our faces and expect us to ignore what we can see with our own eyes

[–] Self_Sealing_Stem_Bolt@hexbear.net 11 points 16 hours ago

Yes. The boomers in charge hate social media precisely because they dont have 100% control of the narrative. They desperately want it to be the 70s again so people just have to believe their bullshit.