July 26, 2009

LABOR UNREST: Chinese Workers Kill Manager. “About 30 000 Chinese steelworkers clashed with police in a protest over plans to merge their mill with another company and beat the company’s general manager to death, a human rights monitor said on Saturday. Several hundred people were injured in the clash . . . Workers were angry that Chen was paid about $438 000 last year while some retirees received as little as $29 a month, the centre said. Beijing is trying to streamline China’s sprawling steel industry, the world’s largest, by orchestrating a series of mergers aimed at creating globally competitive producers. The mergers often are accompanied by layoffs that sometimes spark complaints that workers receive too little severance pay.”

Remember: Capitalism is the exploitation of man by man, while under socialism it is exactly the reverse.

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