is this the famous “invisible hand of the market”?
Absolutely
Competition is good! Unless it makes shareholders sad.
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Slave labor is a system in which a person is bought sold and indentured to a master for a substantial duration, often life. Their labor is coerced as property of that master.
That is not how China produces cars. They use highly automated systems and paid workers like everywhere else. While Chinese workers are paid less due to the forces of unequal exchange (a system imposed by the US) and an export economy (a system usually imposed by the US but more of a 4D chess move by China to develop productive forces, with the US gladly taking the deal for exploitation), that is not really why the cars are so much cheaper. It is because China has highly concentrated industry and a much less financialized system.
Speaking about “fair” is amazing in this context. The US is simply trying to protect domestic monopsony industry and to damage Chinese industry. This is a jingoistic and corporate policy.
Were talking about labour laws in the EU, not the US
My not American wage has me with less and less buying power with each passing year.
Do you loose all your savings and fall into years of debt if you have to spend a week in the hospital?
No but that’s also not the point being made here lol
Its relevant. Having reduced buying power yet not risking loosing all of your buying power for the rest of your life is generally preferred.
Most people don’t realize how terrible it is in the US. Lots of migrants to the US searching for better pay, but they don’t realize how miserable life in the US is because most of their paycheck gets eaten by rent, transportation to work, healthcare, etc. And as soon as they manage to save anything, it all gets wiped out by a single hospital visit.
I don’t think Hollywood (how most people lean about the US) does a good job conveying how most people live in poverty in the US, how miserable they are, and how many of us kill ourselves because of the conditions.
That’s true but the logic applies. The EU is part of the imperial core that eats from that trough and in turn supports its maintainer. It is simply following the US’ lead.
Labor conditions in the EU are better than in the US and better than in China
Depends on which part of the EU you are in. There is a reason the poor of Poland move to places like the UK.
Though this is neither here nor there as the original allegation was slave labor, which is simply a lie.
Chattel slavery is different than indentured servitude. There is no ownership of the indentured servant, but they are forced to work against their will. This is the slavery found in Xinjiang, as well as the US penal system.
I didn’t mention chattel slavery or indentured servitude. There have been slave economies outside the American colonies / the United States.
There is no evidence of slavery in Xinjiang, though there is a network of propagandists tied to Adrian Zenz, the US State Department, and the Australian equivalent who make dubious claims.
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I love how people still peddle US state propaganda unironically.
Already responded to this one comment over.
Except it’s not fair wages though and it’s getting worse not better.
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what are you smoking https://www.reuters.com/world/china/how-unions-work-china-2021-09-02/
They can’t form new trade unions because everyone already has to join a registered trade union.
And that trade Union serves the interests of capital. Try to form your own that fights for the workers, and you’ll get locked up. Its literally illegal.
Source?
I’m so confused here. I was under the impression that the entire argument for capitalist markets was that they produce cheaper and better goods than is possible to do with central state planning. Yet, here we have the capitalist west complaining that Chinese state driven model if producing goods that western companies are simply not able to compete with. Somebody help me understand.
Politicians be like
Yay, no punishment for the european brands. What they were doing, slept?
Germany is upset about this because they sell cars to China. This will probable create Chinese counter tariffs on European cars.
Awww what’s da madder widdle capitalist can’t compete with a state run economy??
I assume this doesn’t apply to Chinese parts used to manufacturer electric cars in the EU
