"The Chinese economy would be brutally transformed into the mightiest manufacturing nation based on western capital and on an abundance of cheap, highly submissive labour."
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Page 10. What would happen through what Hobson called "inter-imperialism".Peter Cain
Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are enjoined today to worship the consequences of Ricardo's science, despite the fact that the assumptions on which they are based have been reversed: capital is highly mobile, and labor virtually immobile -- libertarian conservatives lead the way in rejecting Adam Smith's principle that "free circulation of labor" is a cornerstone of free trade, in keeping with their contempt for markets (except for the weak).
Noam Chomsky
After World War II, we hoped the world might be united for the sake of peacemaking. Now the world is being "globalized" for the sake of trade and the so-called free market — for the sake, that is, of plundering the world for cheap labor, cheap energy, and cheap materials. How nations, let alone regions and communities, are to shape and protect themselves within this "global economy" is far from clear.
Wendell Berry
No serious challenge on the Left exists to Third Way thinking anywhere in the world. This is hardly surprising as globalisation punishes hard any country that tries to run its economy by ignoring the realities of the market or prudent public finances. In this strictly narrow sense, and in the urgent need to remove rigidities and incorporate flexibility in capital, product and labour markets, we are all "Thatcherite" now.
Peter Mandelson
As the chosen people bore in their features the sign manual of Jehovah, so the division of labour brands the manufacturing workman as the property of capital.
Karl Marx
"we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment."
William Stanley Jevons
Cain, Peter
Cajal, Santiago Ramon y
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