In case you missed it, China’s state capitalists are now saying that they are pushing to be manufacturing 40 million automobiles a year by 2020.
It will be interesting to see if capitalism makes it that far without the onset of the mother of all depressions. Personally, I doubt it.
But this news is extremely important, nonetheless. Not only does it support the thesis that few things can boost corporate capitalism like cars, but it is also an enormous indictment of China’s worst-of-both-worlds overclass. If their efforts come to fruition, they will spell catastrophe for the Chinese people.
Under its state capitalist regime, China has certainly managed to capture a serious chunk of the world’s wealth. Unfortunately for China and everybody else, thanks to the imperatives of the economic system its market-Stalinist overclass has adopted, it has also managed to build its way into the cars-first dead end. Apparently, there has been a 9-day-long traffic jam in the Beijing suburbs this summer…
Apparently Eric Schlosser is now working on the important issue of the corporate capitalist food trade’s impact on food safety.
In this op-ed Schlosser relays a fact I’d missed until now:
China has become the largest exporter of food to the United States after Canada and Mexico. About 60 percent of the apple juice in America — like peanut butter, a product consumed largely by children — now comes from China.
From the perspective of energy-use, this is sheer insanity, stark proof of the point that what makes sense to capitalists is very often murderously short-sighted behavior that any functioning democracy would find a way to stop.