Thursday, July 17, 2008

Neoliberal World Order

Dear All,

My blog on Neoliberal World Order is open to those who very closely monitor the impact of globalisation on the lives of common people around the world.Let us begin with the neoliberal success story of 'Socialist China'
Here is an excerpt from an article I read today.

-- What may be the world's busiest grocery store is a Carrefour "hypermarket" in the Gubei area of Shanghai's Changning District.
Seven days a week, from 8:30 A.M. to 11 P.M., customers jam the aisles of this 126,000-square-foot market and fill their baskets with a dizzying array of produce, meats, and electronics from around the world. Last year six million people - more than twice the population of Chicago - shopped here and dropped $155 million along the way.
There are no signs of a global slowdown in these aisles. Carrefour's sales in China were up 25% in the first quarter of this year. Sales in places like Brazil and Romania jumped more than 50%. Poland is hot. So are Argentina, Turkey, and Colombia.
But the picture isn't the same in Carrefour's home country: France grew an anemic 2.6% last year. "If you're a consumer sitting in Paris and you're reading newspapers or watching TV, it looks like the world is coming to an end," says Carrefour executive David Shriver. "But consumers in places like China and Brazil simply don't see it that way."
Welcome to the new, precariously bipolar world.
While gross domestic product growth is cooling a bit in emerging markets, the results are still tremendous compared with the U.S. and much of Western Europe. The 54 developing markets surveyed by Global Insight will post a 6.7% jump in real GDP this year, down from 7.5% last year. The 31 developed countries will grow an estimated 1.6%.

I hope the 'success story 'will be interesting to our comrades who eulogise the market socialism in China.
I wonder if some intellectual can interprett this fron Marxist perspective.

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