Re: [Marxism] China’s Virus Vaccine Will Be Global Public Good, Xi Says - Bloomberg

2020-05-18 Thread Chris Slee via Marxism
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Despite widespread privatisation under Deng Xiaoping, China still has a fairly 
strong state sector of the economy. Probably this enables the government to be 
less concerned about the profits of drug companies and more concerned about 
China's image.

Despite Xi Jinping's benevolence in this case, China remains a capitalist, and 
increasingly imperialist, power:

http://links.org.au/revolution-capitalist-restoration-class-struggle-china

Chris Slee


From: Marxism  on behalf of Ralph Johansen 
via Marxism 
Sent: Tuesday, 19 May 2020 3:20:12 AM
To: Chris Slee 
Cc: Ralph Johansen 
Subject: Re: [Marxism] China’s Virus Vaccine Will Be Global Public Good, Xi 
Says - Bloomberg

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Louis Proyect wrote

Still a tinge of Maoist red in China.

https://www.bloomberg.com/news/articles/2020-05-18/china-s-virus-vaccine-will-be-global-public-good-xi-says?utm_content=asia

Maybe we're seeing the response of a society and economy that has until
now been on its way up and isn't floundering around trying to figure out
where all the brownie points went.

Last time we were in trouble globally, the Chinese government basically
rescued global capitalism with its gigantic post-2007-2009 stimulus
package, and as John Smith says "helped to fuel the rise in raw
materials costs that itself gave rise to speculative capital, and that
money was to be made by further boosting the price of raw materials" and
temporarily saving the economies of the raw materials-exporting poorer
countries.

Smith doesn't see how China will be able to exercise that option this
time around, and the countries of the global south will share in the
general debacle big-time, especially with the late and even more tragic
arrival in their countries of the full brunt of the corona virus, and as
northern investors continue to flee their markets.
Again quoting Smith, G20 "creditors are resisting calls altogether for a
voluntary standstill to loan repayments on commercial sovereign debt [in
the global south]. In other words, they are resisting even a
postponement of their debt payments...[according to Smith that includes
China among the G20 countries resisting relief to the poorer nations, by
the way. So that "tinge of Maoism," if Maoism really had that effect by
design on poorer nations and not extraction and exploitation of others
in Africa especially from the get-go, appears to be pretty thin. I was
in east Africa during the time of Mao when the Chinese were building
rail lines from the copper mines of Zambia to the seaports, constructing
roads and a bridge across the Nile through southern Sudan and its
petroleum deposits to the Red Sea, ass over teakettle, with cheap
African labor overseen by Chinese foremen and engineers]. All of the
full force of the economic crisis of the world and in their own
countries is going to be placed on the shoulders of the workers and the
farmers of these countries without any relief whatsoever. None whatsoever."
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Re: [Marxism] China’s Virus Vaccine Will Be Global Public Good, Xi Says - Bloomberg

2020-05-18 Thread Ralph Johansen via Marxism

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Louis Proyect wrote

Still a tinge of Maoist red in China.

https://www.bloomberg.com/news/articles/2020-05-18/china-s-virus-vaccine-will-be-global-public-good-xi-says?utm_content=asia

Maybe we're seeing the response of a society and economy that has until 
now been on its way up and isn't floundering around trying to figure out 
where all the brownie points went.


Last time we were in trouble globally, the Chinese government basically 
rescued global capitalism with its gigantic post-2007-2009 stimulus 
package, and as John Smith says "helped to fuel the rise in raw 
materials costs that itself gave rise to speculative capital, and that 
money was to be made by further boosting the price of raw materials" and 
temporarily saving the economies of the raw materials-exporting poorer 
countries.


Smith doesn't see how China will be able to exercise that option this 
time around, and the countries of the global south will share in the 
general debacle big-time, especially with the late and even more tragic 
arrival in their countries of the full brunt of the corona virus, and as 
northern investors continue to flee their markets.
Again quoting Smith, G20 "creditors are resisting calls altogether for a 
voluntary standstill to loan repayments on commercial sovereign debt [in 
the global south]. In other words, they are resisting even a 
postponement of their debt payments...[according to Smith that includes 
China among the G20 countries resisting relief to the poorer nations, by 
the way. So that "tinge of Maoism," if Maoism really had that effect by 
design on poorer nations and not extraction and exploitation of others 
in Africa especially from the get-go, appears to be pretty thin. I was 
in east Africa during the time of Mao when the Chinese were building 
rail lines from the copper mines of Zambia to the seaports, constructing 
roads and a bridge across the Nile through southern Sudan and its 
petroleum deposits to the Red Sea, ass over teakettle, with cheap 
African labor overseen by Chinese foremen and engineers]. All of the 
full force of the economic crisis of the world and in their own 
countries is going to be placed on the shoulders of the workers and the 
farmers of these countries without any relief whatsoever. None whatsoever."

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Re: [Marxism] China’s Virus Vaccine Will Be Global Public Good, Xi Says - Bloomberg

2020-05-18 Thread Ralph Johansen via Marxism

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Trying again. I think first post attempt had wrong address.

Louis Proyect wrote

Still a tinge of Maoist red in China.

https://www.bloomberg.com/news/articles/2020-05-18/china-s-virus-vaccine-will-be-global-public-good-xi-says?utm_content=asia

Maybe we're seeing the response of a society and economy that has until 
now been on its way up and isn't floundering around trying to figure out 
where all the brownie points went.


Last time we were in trouble globally, the Chinese government basically 
rescued global capitalism with its gigantic post-2007-2009 stimulus 
package, and as John Smith says "helped to fuel the rise in raw 
materials costs that itself gave rise to speculative capital, and that 
money was to be made by further boosting the price of raw materials" and 
temporarily saving the economies of the raw materials-exporting poorer 
countries.


Smith doesn't see how China will be able to exercise that option this 
time around, and the countries of the global south will share in the 
general debacle big-time, especially with the late and even more tragic 
arrival in their countries of the full brunt of the corona virus, and as 
northern investors continue to flee their markets.


Again quoting Smith, G20 "creditors are resisting calls altogether for a 
voluntary standstill to loan repayments on commercial sovereign debt [in 
the global south]. In other words, they are resisting even a 
postponement of their debt payments...[according to Smith that includes 
China among the G20 countries resisting relief to the poorer nations, by 
the way. So that "tinge of Maoism," if Maoism really had that effect by 
design on poorer nations and not extraction and exploitation of others 
in Africa especially from the get-go, appears to be pretty thin. I was 
in east Africa during the time of Mao when the Chinese were building 
rail lines from the copper mines of Zambia to the seaports, constructing 
roads and a bridge across the Nile through southern Sudan and its 
petroleum deposits to the Red Sea, ass over teakettle, with cheap 
African labor overseen by Chinese foremen and engineers]. All of the 
full force of the economic crisis of the world and in their own 
countries is going to be placed on the shoulders of the workers and the 
farmers of these countries without any relief whatsoever. None whatsoever."

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