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Despite Chinese wages growing exponentially, China's share of global manufacturing also grew in the same period.
(lemmygrad.ml)
this post was submitted on 17 Apr 2024
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Wait so you're telling me you can continue to be a manufacturing superpower even when you pay your workers well and give them a good standard of living? But neoliberalism told me that was impossible!
To be fair, under liberalism this truly is impossible.
the US did it for a couple decades. neoliberalism probably can't do it.
Neoliberalism was the natural evolution of the previous system so that it could keep satisfying the need of the ruling class.
Industrial capitalism was at it's end and we now that because the way a society is organized is decided by the social and economic condition of that society.
Labour was getting weaker and growth was stopping, so the system naturally changed to allow the bourgeoise to keep enriching itself as much as possible. I believe it's not good for Marxists to talk positively about past capitalist systems that lead us to our current situation, the road that history took was not random.
i don't think I was talking positively about postwar liberal capitalism. I believe it's not good for Marxists to overstate their case