China Worker Discussses Venezuela's Chavez

This is from China Worker, a communist website from China:

"Unfortunately, Chávez has not based himself on the masses, built an independent movement of the working class or established a genuine system of democratic workers' control or management. He has attempted to impose his programme in a bureaucratic, top down, administrative manner. Nor has he taken the decisive steps needed to break with capitalism and landlordism through the nationalization of the major companies and introduction of a democratic centralized plan. The absence of a genuine system of democratic workers' control and management has allowed a growing bureaucracy to develop which is increasingly corrupt, inefficient, and repressive in character. Che Guevara wrestled with some of these same questions following the victorious Cuban revolution in 1959/60 especially how to establish a genuine democratic system and a centralised planned economy."

http://chinaworker.info/en/content/news/1038/

No I would like to quote from a different website, also from "Communist" China:

http://www.dailymarkets.com/stocks/2010/05/13/china-stock-market-officially-in-bear-market-territory/

"Depending on how you define it, China’s Shanghai Stock Exchange Composite Index has entered an officially defined “Bear Market” - according to the charts - using three objective measures."

It seems the Chinese are "capitalist roaders" ruled by "communist" oligarchs whose main interest is....profits :-)

claim that people who are against Chavez just gripe and don't post items of discussion. If they don't comment on this, we will know that is false.

It seems China is moving fast to a form of savage capitalims, which we don't see in other countries. Abuse of the working class in those factories owned by the Chinese noveau riche is common. So is corruption which allows the factories to be built on state land taken from farmers, who are not given compensation. Pollution is extreme, their health care system has broken down, and yet the government is very popular even if it's repressive because economic growth under this savage capitalist scheme is enormous, and there is a huge middle class emerging now. So it's a country of incredible contrasts, where one can see old time state institutions touting communism as if it were a reality, while at the same time they have flourishing stock exchanges, the communist party members become millionaires, casinos and Mercedes Benz dealers floourish, and people in the "old China" away from the capitalist centers stay poor and destitute.

In this savage capitalism of theirs, Chinese firms find themselves free to carry out the most unethical business practices, thus we see Chinese exports laden with poisonous substances, the use of industrial spying is a norm for them, and they don't have any problem whatsoever flouting, breaking and corrupting the law in nations in which they operate, including Latin American nations. Eventually, they will develop a reputation as pirates and thieves, con men and capitalist abusers, but meanwhile they'll be using their hybrid status to set their claws on the flesh of other nations. It's just another evil empire, which we humans are so prone to create.

The Chinese have a huge active program to purchase corporations abroad, and turn them into subsidiaries of Chinese corporations. They are going shopping, and to do so are hiring a lot of high powered US and European consultants. I think they like the low stock market valuations. And where will the ownership eventually reside? With both private and public Chinese corporations. The Chinese aim is to become the new core of the multinational corporation scene, so they can exploit local labor and extract raw materials for the new Chinese commercial empire.