The BMI is not state owned Chinese media. They seem to cover all sorts of big projects like this from all around the world.China makes no profit on its high-speed rail as they see it as a social good. Neoliberalism, with its privatisation and need for sufficient profits, can't cope with building a country's infrastructure. The Western answer is to try to destroy the competition. In Britain they have privatised almost everything so the oligarchs can make all the profits, and they recently got the Royal Mail, but they are after the NHS too. In China they threw their oligarchs out of power, so now the country can be run for the benefit of everyone, not just the rich. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
John Quiggin writes The war to end war, still going on
New Economics Foundation writes Reclaiming our regions
New Economics Foundation writes New Economics Podcast: Why is the benefits system failing disabled people
Michael Hudson writes Jill Stein: Splitting the Pro-Imperial Vote
The BMI is not state owned Chinese media. They seem to cover all sorts of big projects like this from all around the world.
China makes no profit on its high-speed rail as they see it as a social good. Neoliberalism, with its privatisation and need for sufficient profits, can't cope with building a country's infrastructure. The Western answer is to try to destroy the competition.
In Britain they have privatised almost everything so the oligarchs can make all the profits, and they recently got the Royal Mail, but they are after the NHS too. In China they threw their oligarchs out of power, so now the country can be run for the benefit of everyone, not just the rich.