The Trouble With Asking China to Act Like the US: Why China Says No

Dear Colleagues,

For those of you who do not have access to the weekend New York Times, we want to call your attention to an interesting, fairly well-balanced approach to understanding the relationship between China and the US in these times when the US is creating confrontations with dangerous possibilities of an anti-China military alliance on top of the pressures for economic revaluations of currency (which has been rejected by most countries).  There is one section that indicates the position of the right-wing Republicans, which is an indication of the military direction of dealing with China.  Unfortunately, North Korea is not making it easy, but we hope that China can restrain them from military provocations.

Would like to have your opinions.

Sincerely,

Sidney J. Gluck

Click HERE to view “Asking China To Act Like The US” at http://www.nytimes.com/2010/11/28/weekinreview/28cooper.html?_r=1

Interesting View Of Economic And Political Changes In Latin America

Dear Colleagues,

Just came across an interesting short article from the Christian Science Monitor on the historic changes in Latin America, its general rejection of dominance by US capital, and the diminution of the political influence of the wealthy classes in a good number of countries.  It augurs well for developing countries not only in Latin America but also in their relations with other countries around the world, especially East Asia.

It is a definite indication of a 21st century development of a bi-polar economic world that will develop despite US finance capital’s worldwide privatization drives.

Sincerely,

Sidney Gluck

Click HERE to view “Want To Slash Poverty? Look To Latin America” at http://www.csmonitor.com/Commentary/2010/1122/Want-to-slash-poverty-Look-to-Latin-America

Sharing Responses

Dear Colleagues,

We received two poetic responses to our recent e-mails: one on dealing with China’s association with ASEAN nations and the other on the finance capital posting with Sam Webb.  They are so beautifully expressed that I wish to share them with you.  They read like unfolding history in poetic cadence.

Sincerely,

Sidney Gluck

—–Original Message—–

From: sxxxxxxxx@aol.com
To: sjgluck@aol.com
Sent: Mon, Nov 22, 2010 7:05 pm
Subject: Re: China’s Positive Relations: The Association of SouthEast Asian Nations (ASEAN)

Professor,

It’s intersting. The US has been shouting for weeks that China is actively devaluing its currency without offering a shred of evience to substantiate this claim while, at the very same time, we’re printing dollars faster and faster. It’s the blatant hypocrisy which is destroying our nation from within. China didn’t do this to us. WE did this to ourselves. The other nations continue to develop meaningful multilateral agreements. China is quickly gaining the trust of the developing world. We are nowhere to be found in these deliberations. We are like a dog howling at the moon. No one any longer cares what we do or say. America has backed itself into a corner of growing irrelevance. The future will go to the intelligent and productive, not the well-armed. The ash heap of histoy beckons. How long will it be before we’re officially declared defunct as the world’s greatest deadbeat?

Franklin L. Johnson

—–Original Message—–

From: Max Armand <mxxxxxxxx@live.com>
To: sjgluck@aol.com
Sent: Thu, Nov 18, 2010 3:03 am
Subject: RE: A Welcome Voice From The Left

Mr. Gluck,

I would highly suggest that you completely remove the Obama millstone from around your neck. Any attachment to him will only retard any efforts toward radical social change. Any mass movement that forms against the Establishment will most certainly have to be against the Presidency itself and thus against Obama. And though I have become quite skeptical of those who wave the banner of “democracy”, the majority of people feel a deep dissatisfaction with the current dominant form of social organization. The ruling classes emit cold sweats at the thought of all those persons who yet to be shaken to consciousness.

Obama’s attempts to work with the Right do not surprise me at all. While protecting himself from physical harm may also be on his mind, the main form of “self-protection” that Obama engages in is the protection of his own class, the beneficiaries of hierarchical Power.

As for my “tearing down” of the CPUSA, I must confess that I thought I was actually quite gentle with them. But to quote a wise man: “Criticism dealing with this content is criticism in a hand-to-hand fight, and in such a fight the point is not whether the opponent is a noble, equal, interesting opponent, the point is to strike him.” Whatever the CPUSA may have done in the past, we know that they are now only one of many pseudo-revolutionary organizations presented to consumers by capitalist society as tolerated outlets for their dissidence and dissatisfaction with the status quo. They are the alcohol of the masses.

Now, of course there are differences between Democrats and Republicans which cannot simply be dismissed. But the pseudo-opposition between the two major parties only serves to better obscure a real, hidden unity between them. As I have said before in a message to you, the liberals have shown themselves to be better defenders of Capital and the State than the conservatives. Voting for a progressive Democrat may make life more tolerable in the short-term, but the goal of anyone who desires the abolition of modern bourgeois society should be to make life more joyous in the long-term.

Regards,

Max Armand

The US Currency War Against China

Dear colleagues,

As you are probably aware, the US failed to get the IMF to condemn China on their dealing with the value of their currency.  In fact, George Soros, an American finance capitalist, sided with the Chinese.  The IMF therefore did not deal with the question and recommended that it be taken up by the G20 meeting (twenty industrialized countries) in November.

There were two articles in the London Economist dealing with “currency wars” and “fumbling towards a truce”.  We are attaching copies of both articles because we believe they are rather objective in their presentations, which is motivated by a desire to have peaceful solutions.

Sincerely,

Sidney Gluck

Click HERE to view “How to stop a currency war” at http://www.economist.com/node/17251850

Click HERE to view “Fumbling Towards A Truce” at http://www.economist.com/node/17252006

Comparison of Economic Structures: China and the USA

Dear Colleagues,

We are witnessing a barrage in the election campaign, mostly Republican candidates but Democrats as well, accusing China of taking our industries and standing in the way of recovery.  Truth is, industry from our country has been absconded overseas by the financial capitalist sector of our own country.  On the other hand, industrial capitalists have conveyed to Obama’s emissary, Ron Bloom, that banks will not loan money for expansion.  The industrialists also suggested that the administration look into China’s dealing with recovery and financing of expansion for both privately and socially owned enterprises (60% in China are privately owned, 20% government-owned, and 20% mixed forms of ownership).  The government has loaned money to companies regardless of ownership to expand and create jobs, especially when introducing high tech and increased productivity.

Basically, the real difference between China’s economic development and our own (capitalist, if you will) is in social planning of the economy, setting goals for expansion and direction.  On the other hand, economic development is independently and privately determined by Finance capitalist groups.  Profitability is the determining factor rather than social need.  There is no special interest in restructuring industry (high tech), creation and sustenance of employment levels, or national fidelity.

In this light, I am attaching two articles from the current Beijing Review dealing with its NEW FIVE-YEAR PLAN indicating specific goals.  They hope to achieve this with private AND government production.  Of course, national infrastructure development is moving forward rapidly as the country industrializes since only 1/3rd has been developed.  They also established a fund for loans to workers wishing to set up small or medium businesses, creating jobs, distribution of consumer products and services. Four weeks ago Obama proposed this to Congress, which didn’t even get a hearing.

As usual, would welcome comments.

Sincerely,

Sidney Gluck

Click HERE to view “Predictions for the Next Five Years” at http://www.bjreview.com.cn/business/txt/2010-09/13/content_297716.htm

Click HERE to view “A Plan Is Born” at http://www.bjreview.com.cn/quotes/txt/2010-09/13/content_297551.htm

21st Century In Flux In A Bi-Polar World

Dear Colleagues,

I have said often that the 21st century is an epoch of social change much like the period of the move from feudalism to industrial production under capitalism.  I am often reminded of this generalization when I read articles of unusual developmental content.  One of these I have again from the Beijing Review.  It deals with China’s growing interest in the importance of the UN for peacekeeping and what looks like a determination to work more closely to achieve it through the collective efforts possible under UN deliberations and collective decisions.

Sincerely,

Sidney Gluck

 

Click HERE to view “Protecting the World” at

http://www.bjreview.com.cn/quotes/txt/2010-09/26/content_300152.htm

A Short Opinion On Obama

We received a quick response to our plea to President Obama, which we have been allowed to share with you.  The respondent’s e-mail follows:

Subject: Re: Sidney Gluck’s Plea to President Obama
Date: Tue, Sep 21, 2010 12:57 pm
From: B.K.
To: Sidney J. Gluck <sjgluck@aol.com>

Thank you Sidney. The campaign finance system ties Obama’s hands. That was rigged in the 1970s by Lewis Powell the tool on the Supreme Court. Daniel Ellsberg even goes further to say that the CIA can easily take out presidents who don’t comply with the owners’ wishes. That is what has to come out here. Obama is a pawn…set up to bring the Dems down and get a radical right-wing in place here. It is NAZI Germany all over again. Like Hitler said “our problem here is too much education”. They have to wipe out the educated middle- and upper-middle class.

Apple Chairman at Foxconn

Dear friends,

The fulminating conditions of labor development in China were inevitable. It’s part of the process of industrializing the country and forming a labor movement with strong trade union possibilities. The developments at FoxConn and Honda are examples of the struggle to fulfill the government’s position, which was enunciated in 2005 and is generally overlooked in all of the media.

The first three laws established by Hu Jintao in 2005(July, August, and September) were:
·     The protection of private ownership of business provided they obey the law.
·     The establishment and encouraging of a strong, independent trade union movement.
·     A law which calls for every privately-owned business to negotiate a contract with its labor force.

From that point on and through the economic crises of 2008, the government has been following through with the investment of social capital to pay workers who had been abandoned by fleeing owners who shut down their plants, loaning money to migrant workers who wish to open a small or medium business and to loan money to industrial companies to modernize and create more jobs. Within this momentum, the conditions of labor and remuneration inevitably came to the fore as China comes out of the economic crisis generated by the West. China has between 600-700 million without jobs and an economic base in only one third of the country at this time. The program of a GREEN HIGH-TECH INDUSTRIAL SOCIETY, which they expect to emerge beginning in 2020 and reach its high level by 2040, will be stimulated by the present changes in the relationship between private capital and the working people of China. This is only the beginning. When have you heard a capitalist country whose labor challenges result in a 33.3% increase in wages and a re-examination of working conditions? What we are witnessing is “SOCIALISM WITH CHINESE CHARACTERISTICS” under the established direction of building a HARMONIOUS SOCIETY and is the best example of the application of HUMANISM to the resolution of exploitation and man’s inhumanity to man. China is different and must be recognized as having finally reached the first stage towards building a HARMONIOUS SOCIETY which, in other words, is the first stage of real socialist development.

Sincerely,
Sidney Gluck

Esso Advertisement from 1962

Esso Advertisement from 1962

“Each day, Humble supplies enough energy to melt 7 MILLION tons of glacier.”

Dear Friends,

Just to show you how finance capital has worked in the USA, we go back to February 1962 when Esso (now Exxon) published an ad indicating that their company (Humble) supplied enough energy to melt 7mln tons of glacier EACH DAY. Apparently, there wasn’t much they learned that they wanted to share as to what could happen during their economic reign continuing to eject what has become 65% of the CO2 now threatening to develop into glacial melt catastrophe. Thought I would share a copy of the ad with you. We scanned it and it is attached.

I hope you followed the results of this week’s meeting just ended in Bolivia which decried the failure of Copenhagen and particularly the US and its failure to deal with the elimination of CO2 production.

Sincerely,
Sidney

Economic Trends in the Post-Crisis 21st Century

Dear Friends,

Among the articles received from Beijing in the last few days are two that not only amuse me but reveal an interesting direction in which the 21st century is moving.

One of the articles is titled “China’s FDI up 7.7% in Q1″ and the other is “China Unveils New Rules for Foreign Investment.” We attach both of these as links at the bottom of this email.

Clearly, foreign capital is being invested in a post-crisis mode. However, it is foreign capital into China not necessarily in the home countries, particularly the USA. These short articles reveal the difference between western capital dragging its feet in building high tech green economies and China which is making this a major principle in their planning and will no doubt achieve supremacy in that direction. We quote, in particular, the short paragraph which sums up China’s approach in contrast to the pure profit approach of western capital:

“According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.”

As always, we welcome your comments.

China’s FDI up 7.7% in Q1

China unveils new rules for foreign investment

Sincerely,
Sidney