New World Order: Poverty and war condemn capitalism

[newthinking]

Workers in Western countries are now paid so badly that businesses are reportedly finding it profitable to return from China – having relocated to Asia in the first place to exploit cheap labor there.

http://nsnbc.me/2014/04/27/free-europe-poverty-war-condemn-capitalism/

Finian Cunningham (PTV) :
nsnbc International

It is an astounding indictment of how capitalism has created a global race to the bottom of misery for workers – yet the Western corporate news media actively conceal this abomination.

Poverty and wars are an indictment of capitalism as a failed economic system, writes Finian Cunningham.
This week a BBC business report sounded almost celebratory about the fact that Britain, the US and other Western countries were now said to be “cost competitive” with China and Brazil. The upshot is that many businesses and companies are now re-setting up in Western countries because of the “competitive” wages of workers, according to the BBC spin.

The competitiveness, said the BBC, stemmed from workers’ wages in the West being “held steady” and because they have “become more productive”.

This is Orwellian language to obscure the conditions of systematic poverty and exploitation that exist for many workers in Western countries – the scale of which is so appalling that companies are finding Western countries more profitable than other destinations that were formerly thought of as providing cheap labor.

Continued: http://nsnbc.me/2014/04/27/free-europe-poverty-war-condemn-capitalism/