[Marxism] The Wages of Globalization

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

Wall Street Journal, October 18-19, 2008

...Smart Union Group Holdings Ltd. said it filed for bankruptcy and move to 
liquidate the company...

...The company's statement didn't say what prompted its move for 
liquidation, but Chinese media agencies suggested the move stemmed from a 
slowdown in consumer consumption in the US and Europe..

...the company Friday shutter two factories it operated in Dongguan city in 
the..Guandong, triggering any angry protest by some 6500 workers over unpaid 
wages.  Xinhua news agency said the workers haven't been paid since 
August...

According to the [China General Administration of] Customs report, a total 
of 3631 toy exporters or 53% shut down in 2008, leaving 3507 toy exporters 
in business.  They were mainly small-sized toy producers with an export 
values of less than $100,000.... 


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