It was this wave of reforms that turned China into the sweatshop of the world, the preferred location for… — Naomi Klein
It was this wave of reforms that turned China into the sweatshop of the world, the preferred location for contract factories for virtually every multinational on the planet. No country offered more lucrative conditions than China: low taxes and tariffs, corruptible officials and, most of all, a plentiful low-wage workforce that, for many years, would be unwilling to risk demanding decent salaries or the most basic workplace protections for fear of the most violent reprisals. (p190)
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When it comes to paying contractors, the sky is the limit; when it comes to financing the basic functions of the state, the coffers are empty. (p409)
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p. 327
...This is what Keynes had meant when he warned of the dangers of economic chaos—you never know what combination of rage, racism and revolution will be unleashed. (p264)
