https://www.theguardian.com/global-development/2017/oct/06/laptop-firms-accused-of-labour-abuses-against-chinese-students-sony-hp-acer

This is intriguing to me, because it appears to be a simultaneous failure of both capitalism and socialism.

The gist of the story (please double check me) seems to be that some major Chinese factories have been abusing their workers (very unsocialist) by making them work extended overtime hours without extended overtime pay. This is a failure of capitalism in the classic sense, since the reason for the factories to do this, is in order to placate the capitalist demands for ever lower costs and higher profits regardless of how it is achieved; and it's a failure of socialism, because it was allowed to happen in a nominally Communist country.

<and yet just as bad as a government who establishes a minimum wage and as the cost of living increases,year after year wages aren't increased until over time the minimum wage workers find themselves working for half of what they should be getting and made to struggle even harder.

Now there are those who would say why should they make as much as me but what they don't recognize is that minimum wage sets the bar and that their wages should have increased as well..so basically and realistically we are all working for less than what we should be getting..Gotta love the one percenters ..eh

So just a factory ..we got that beat

I told my son years ago that they didn't free anyone ..they just figured out a way to enslave us all..and that if you keep the people poor and ignorant than you keep them subservient..jmo..


...until they figure out that enough is enough and REVOLT!

some Chinese factories?

All but the very very largest short change their workers on pay. Been going on since China started mass producing the crap we make there. I have been to over 100 of these factories and I have conducted customer ( Wal- Mart, Target, Costco, ect ect) mandated social compliance audits at all of them

simple.. on the books for the legal amount of hours.. cash for the rest.. not overtime pay.. straight pay. Paid in each work shop by the workshop manager and payroll dept. Complain to who? every local Government "official" picks up their own " envelope" from the factories.. that is how business is conducted in China

The U.S. companies know full well, but they get their" official" audit reports with a passing mark, so to the American public they " are doing the right thing".. they know about the underage workers as well.

Btw, the American companies would tell us 3 weeks in advance of when they were coming to the factories we deal with... more then enough time to get rid of things.. or workers.. and get the other set of books in order.

why warn the factories you are coming.. why not just drop in.. which they never never do ;)

Politics.. nah... greed ( on both shores) yep

The Chinese Government could care less about the migrant factory workers.. and clearly big U.S. Business feels the same.

Sigh.
Doesn't really have anything to do with capitalism, nor socialism really. Especially in any "classic sense."

Might as well say "here's an article about a psychologist with sex slaves in the basement, having lured them there from online dating sites.
Appears to be a simultaneous failure of both psychology and marriage."


Okay.
The gist of the story is Quanta Computer (a supplier of computer parts to larger computer companies) is perpetuating fraud and illegal employment practices.


It would be a failure of capitalism, in the classic sense, if that was the only available work or life path available in the universe and/or the students were put in some sort of virtual reality where the fraudulent business practices never came to light and they never figured out they were being lied to or manipulated/blackmailed.

Capitalism, especially in the classic sense, is self correcting.


It would be a failure of socialism if the company was owned by the state.
But really, it wouldn't be considered a failure, it would be considered a success, and it would keep going.


At best you have an article on the failure of a communist state trying to compartmentalize and control capitalistic benefits.

Very simple. If the west stopped buying goods from them it would stop, but the biggest question is would you pay more so they could have more?

Yes, that is what I said, put more tersely. A failure of both elements.

A private company abusing it's workers is a failure of capitalism. A Communist government failing to address that is a failure of communism/socialism.

When capitalism is applied without regulation, this is a common result. The situation in China continues to do damage to both socialist and capitalist arguments.