For the second time this week the Chinese stock market shut itself down for the day when stocks plunged seven percent again. Financial capitalists outside of China have placed a lot of their betting schemes on China and they are worried. China is in trouble and its working class is only starting to get organized. If it does, the whole world capitalist class will be shaken. Since capitalists derive the bulk of their profits from the surplus labor of its workers, if the Chinese working class starts demanding a higher percentage of surplus, all these capitalists are in trouble.
About Barbara MacLean
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.
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