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 Tuesday, December 18 2018 9:34pm Hongkong Time

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Financial capital has dominated the capitalist system in the United States since the election of Regan in 1980, abandoning national industrial growth. In a historical sense, it has lost its right to run society. It is the real enemy to change, standing in the way of mass industrial development and holding the world back from taking care of its own people. Interestingly, financial capital itself in Western Europe is in trouble. Germany is the only exception since having developed the welfare state to protect itself under capitalism, it has maintained itself in a multi-parties political system, representing various economic sectors in its economy. Furthermore, sensing world changes among former undeveloped countries, they have established economic relationship with its leading elements, where China is its economic leader, with India, Brazil, Russia, and South Africa joining in the formation of an international organization called BRICS [3], which has called for an international meeting of all former undeveloped countries in April of 2012 to form an economic unity, working with each other in trade and investment with no military involvements. This is a second pole in a bipolar world that is growing, picking up industrialization and with the prospect of surpassing productivity in Western capitalist countries, where only one-third of the world population resides.

Obviously the world is changing – the only thing that would stop it is a war. There seems to be only one country which is conducting war on a global scale. Sorrowfully, it is the USA, which is not even now getting financial support from Western European nations in the NATO that is dominated by the USA (incidentally, the New York Times wrote about that, and they agree). Just think about how federal money (social capital), now spent for destruction, could be used to revive industries and create jobs, which will reduce the denigration of life and create the conditions for improving humane living standards. Such an accumulation of capital in the federal government, as a result of reducing Pentagon budget and the conduct of wars, becomes accumulated social capital to be deployed in high-tech as well as protecting the country and its terrain and services.

But, private capital will still be involved, along with social capital in the hands of governments, and this combination will function to continue the development of industries with the objective of taking care of the needs of all people. In fact, Karl Marx said, after noting class differences in France that "the Bourgeoisie will continue for a long time after the establishment of a socialist economy", appreciating the creativity of private capital but making efforts to harmonize the cooperation of various economic sectors. Hence, one might say that the continued growth of industries will depend upon national economic planning rather than individual capitalist enterprises and politics. In an economy structured with governmental and private finance guided by a national growth plan, such a society includes both privately-owned enterprises as well as government-financed enterprises, oftentimes in joint-ventures, but together functioning for the growth of industries and the achievement of the national economic plan, outside of the domination of private capital.

China is on that road, though it faces many contradictions in a society still plagued by feudal relations and wage-labor relationships, together with the vision of building the first high-tech industrial economy in the world under national planning. Do they have problems? More contradictions than any other country ever – because they have people with human natures reflecting productive relationship of different eras that are being molded into harmony, a process which is not an easy task and I want to really take my hats off to how China's leaders are functioning – with Hu JingTao creating the tone of peaceful foreign relationships and Wen JiaoBao dealing with domestic questions, and both, leading the development of the next five-year plan which never has, nor will include the development of armed forces other than defensive necessities, because everybody knows where the threat comes from... and it is not, the European counties.

China has announced that by 2016 their national production will equal that of USA [4a][4b] and then, surpass it. When one considers the fact that the Chinese are spending somewhere rising from 90 billion USD per year, how much of the government's income that would be consumed in building offensive military forces is being saved and used as social capital for productive purposes? This is a good example of why they are able to develop their economy so rapidly to become the second largest economy in the world and then becoming the largest in the world, since they have to produce three times as much as the USA in order to take care of their population. One might note that this is the development of a harmonious society – their current objective being the use of private and social capital to achieve their national plan.

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Note 3: See BRICS Information Centre, University of Toronto at http://www.brics.utoronto.ca/

Note 4a: See "2016: when China overtakes the US", The Guardian at http://www.guardian.co.uk/commentisfree/cifamerica/2011/apr/27/china-imf-economy-2016. Retrieved April 27, 2011.

Note 4b: See "US still ahead of China GDP by 2016: IMF spokesman", Want China Times at http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20110426000027&cid=1102&MainCatID=11. Retrieved April 26, 2011.




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COUNT ON THE STATISTICS  100% Towels (c) Daniel Chittka
Photo © Daniel Chittka

This new section contains some interesting statistics in bribe and corruption, please check back for more as we pile up our numbers!

It's statistics time!  Using n-gram: kickback, graft, bribe and corruption - Comparison of their historical occurrences from 1810 to 2009 A.D.

  The word guanxi (collocation) and meanings of bribe: Deeply rooted, disgusting, sad endings

LATEST STUFF TO PONDER UPON
Looking for a good book (c) Doug Logan
Photo © Doug Logan
tagged by area of interestBY AREA OF INTEREST
Trends
Pragmatics: Politeness trends from the historical perspective of global trade
Computer mediated communications: Social network – Came riding the waves of amazing coincidences
Analysis
Language acquisition:
A critique on "A corpus driven study of the potential for vocabulary learning through watching movies"

Grammatical analysis: "When a linguist stumbled upon a Buttonwood"
Lexicon and the corpus: "John Sinclair's lexical items – an introduction"
tagged by regionBY REGION • Anything AsiaUS Presence in Asia
ChinaTaiwanHong Kong and MacauJapanKoreaSingaporeMalaysiaPhilippinesPakistanIndiaAfghanistanVietnam, Laos, Cambodia, Thailand and MyanmarTimor-Leste and IndonesiaMongoliaNew Zealand and Australia
tagged by topicsBY TOPIC • BiofuelRhino and elephant poachingAmerican movies hit China marketChina Internet censorshipChina's outward FDI opportunitiesGlobal rice yield
ISLAND DISPUTES – FROM A DISTANCE
Island disputes in Southeast Asia | Senkakus-Diaoyu and historical findings | Dokdo-Takeshima | Spratly, Paracel, Scarborough | Kurils

For those you who don't have time to read all our news excerpts about the Asian island disputes (links above), you may find the following video, "The economic impact of a war between Japan and China", very enlightening.



© Minute MBA: More from onlinemba.com

Free Pussy Riot!
Free Pussy Riot!

Photo © Igor Mukhin, retrieved from Wikipedia

"This trial is another example of the Kremlin's attempts to discourage and delegitimize dissent. It is likely to backfire." John Dalhuisen, Director of Amnesty International's Europe and Central Asia Programme

 More from Amnesty InternationalFree Pussy Riot



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PUSSY RIOT CHRONOLOGY 2012
08/17 Pussy Riot imprisoned on hooliganism charges
08/17 The only professionals in sight
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08/20 NZ PM – Sentence 'disproportionate'
08/20 Pussy Riot fear their kids being put in care
08/22 German supporters face criminal charges
08/22 Pussy Riot – it's carefully calibrated
08/23 Russian church-state corruption unveiled
08/23 Putin's secret weapon: The Orthodox faithful
08/24 Putin-nominated watchdog slams convictions
08/31 'Pussy Riot ritual killing', man detained
09/03 Orthodox deacon speaks over verdict
09/06 Putin denies part in 'Pussy Riot case'
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09/10 Gorbachev says verdict "disproportionate"
09/19 Punk group to transfer to remote penal colony
09/21 Aung San calls on Moscow to release RP
10/01 Sentence appeal delayed until Oct 10
10/10 Katya freed, 2 years for Nadya and Masha
10/16 Masha and Nadya sent to remote labor prison



BBC • Pussy Riot women begin life in prison

11/16 Merkel challanges Putin on imprisonment
11/22 Maria Alekhina transferred to solitary cell
11/28 Tolokonnikova's appeal case goes to court
12/24 Extremist videos appeal adjourned

PUSSY RIOT CHRONOLOGY 2013
01/15 Masha's sentence deferment denied
02/01 PR civil claim granted right to appeal
02/07 Pussy Riot files complaint with ECHR
03/06 Ombudsman asks court to overturn verdict
03/08 Protesters detained in Moscow
04/13 PR gets reprimand: parole problematic
04/21 PR defense seeks abolition of conviction
07/26 Parole denied, PR remains defiant



The Knife supporting PR at Pukkelpop

08/17 Against verdict on PR – Day of Solidarity
08/23 PR seeks mitigation of remaining sentence
GLUCK ON SOCIALISM AND CHINA Asia (c) Robert Churchill
Photo © Robert Churchill

Professor Sidney Gluck (c) Sandi BachomI am honored to have obtained Professor Sidney Gluck's (right) permission to allow me to repost here some of his work and interview related to China and socialism. Professor Gluck is professor emertius at the New School University in New York. A classical Marxist, Gluck has been studying China for 60 years in history and modern development. He has lectured all over the U.S. and still welcomes engagement at the age of 94 – photo © Sandi Bachom

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Oh, please do not get me wrong. This new section is not about computers, electronics or any engineering stuff, but rather I am currently constructing a new corpus based on Spectrum, the monthly publication from the Institute of Electrical and Electronics Engineers USA, from July 2007 to date. Having been a member for over 20 years since 1992, I am always fascinated by some of the terms scientists use when they talk about or envision their new inventions or methodologies. How many of them eventually come into practice? Could there be some insights we could possibly derive, from the linguistics perspective?

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