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[–] novictim [S] 1 point 5 points (+6|-1) ago  (edited ago)

"Chinese Stocks Fall for Second Day in Hong Kong on Inflation"

http://finance.yahoo.com/news/chinese-stocks-fall-second-day-012709716.html

Both China and Walmart are dependent on Consumers having sufficient purchasing power.

For Walmart, mainly lower-pay USA consumers (an ever larger category) are the demographic that is relied on to unload cheap products.

For China, the worlds major exporter, Global consumer demand is the driving force.

The Problem is that consumers can no longer spend as they are squeezed by pay cuts and job loss. Capitalism is " eating itself" and cooking the Golden Goose at the same time.

How does this situation turn itself around? Successive trade deals and lax immigration policies have managed to globalize labor to a great extent.

So how does the consumer-worker pitted against all the other consumer-workers in the global economy bargain for higher wages so that consumption can rise instead of continue to fall?

If you do not see the paradoxical quandary here for Global Capitalism then you are hopelessly stupid...or in an ideological straight jacket.

https://images.duckduckgo.com/iu/?u=http%3A%2F%2Fcdn2.holytaco.com%2Fwp-content%2Fuploads%2F2011%2F08%2FStraightJacketDeluxe.jpg&f=1

[–] [deleted] ago 

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[–] novictim [S] 0 points 1 point (+1|-0) ago 

The solution starts with identifying the problem. I have yet to see anyone manage that here.