[lbo-talk] The Chinese stock market collapse in global context

Shane Mage shmage at pipeline.com
Fri Aug 28 07:46:55 PDT 2015

On Aug 28, 2015, at 9:59 AM, Doug Henwood wrote:

> China's GDP is up 2,500% since 1980, 300% since 2000. People who go on about stagnation and the crisis of capitalism, how do you explain that?

That brilliancy entitles you to the prize of a long vacation in Tianjin. When you get beyond the academic fixation with meaningless official numbers (Maoist numbers from a bloodsoaked regime that mainly produces lies, damn lies, and statistics) you will someday see that the environmental devastation, in China and worldwide, resulting from this Chinese productivism,/extractionism has a crushing weight so far outstripping official valuations that the real NET growth of Chinese wealth and welfare is likely to be expressed better by a negative than a positive number.

Shane Mage

"scientific discovery is basically recognition of obvious realities that self-interest or ideology have kept everybody from paying attention to"

More information about the lbo-talk mailing list