CHINESE FINANCES

 

Profiting from Plebs Worldwide

 

From comedians to cows, or barstools to birthdays: there is ALWAYS a business profiting from plebs. Mundane workers are paid low wages. Customers are overcharged. Some billionaires made their money via pharmaceutical companies; some millionaires utilised energy businesses. Famous actors, authors, and artists are guilty of exploiting lesser humans. Food and beverages are good examples of how fortunes can be made. A vulgar amount of billionaires exist. Beneath the super-rich many upper-middle-class people are also very wealthy. Trapped in poverty at the bottom of the heap you find countless masses of fools. The majority of the human race is composed of unintelligent-poor-people imprisoned in plebeian mental squalor. The purpose of poor fools is to maintain rich lifestyles for The Privileged Elite. This is slavery. Dolts are exploited.

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Exploiting Dolts in CHINA

 

Victorious Beauty - 8th August 2008

 

 

Coal mining is a dirty business for Chinese miners. Chinese Miners work in exceptionally hazardous conditions grubbing for a dirty pittance. Standards of safety are improving but death and injury continue to be strong possibilities. During 2002AD there were 7000 mining deaths. 2007AD saw an improvement because only 4000 miners died. Privately owned mines are more hazardous than publicly owned mines. 70% of Chinese mining deaths occur at privately run mines therefore miner-wages at private mines are double the wages of government run mines. Miners at private mines nevertheless earn a pitiful 6000 Yuan per month (£445 - $875 - €562 - ¥94,763). Now let's consider the owner of the mine! While miners at private mines grub for 6000 Yuan per month, the wealthy owner earns a shocking 10 million Yuan per month (£750,000 - $1500,000 - €950,000 - ¥150,000,000). Imagine working in hazardous conditions for 200 Yuan per day (£14 - $29 - €19 - ¥3158) whilst the owner of the mine lives a luxurious life without needing to work hard! Poor miners earn one measly  50,000th fraction of the owner's income!

 

The Nine Dragons Paper is a Chinese recycling and packaging business worth 23.3 billion Yuan ($3.4 billion, £1.8 billion, €1.2 billion, ¥211 billion). This extraordinary business value makes owner Cheung Yan the richest self-made woman in the world. Gargantuan profits are accumulated via importing waste paper from developed countries then recycling it. Cheung Yan is China's wealthiest person but her luxury lifestyle comes at a harsh cost. Her business operates upon the established protocols of rich parasites. Hard toil is painfully milked from hordes of plebs. Her employees are not paid adequate wages. Effort expended by employees does not correlate with incomes they receive. Businesses become rich via exploiting both customers and workers – this is standard business practice but in developing China the practice is slightly more pronounced. Recent Chinese employment laws have raised the monthly minimum wage to 1000 Yuan (£74 - $145 - €94 - ¥15,793). This larger wage would be bad for Nine Dragons business therefore Cheung Yan attempted to circumvent the employment laws via outsourcing 2000 cleaning and other non-technical jobs, thereby avoiding legal worker responsibility. Cheung Yan responded to people who criticised her actions by saying the new employment laws overprotected workers. Nine Dragons always asks workers to do unpaid overtime except for official holidays when workers receive double pay. Cost-cutting in the Nine Dragons workplace has predictably led to a high injury rate. Thankfully Nine Dragons factories are not as dangerous as Chinese coal mines.

 

Corruption is common practice in Chinese government. Approximately 10% of government spending is misappropriated via theft, bribes, or kickbacks. Many laws protect the Chinese government against corruption but implementation is both uncommon and incompetent. Corruption within officialdom is extremely attractive because the likelihood of a corrupt administrator being found guilty is below 3%. Fantastic opportunities exist for lowest administrators to gain illicit fortunes. Government workers naturally seize any reasonable chance for fraudulently gaining millions. The inherent corruption of capitalist greed does not inspire worker-conscientiousness. Chinese governmental corruption is a minimal risk venture but occasionally people do get caught. Mr Wang Xuebing, former president of the government owned China Construction Bank, was sentenced to 12 years imprisonment for accepting bribes. Wang Xuebing embezzled funds, accepted gifts, and generally led a decadent lifestyle. Another director of the China Construction Bank, Mr Zhu Rongji, was sacked in 2002 regarding loans he authorised when he was previously directing The Bank of China. Irregularities at The Bank of China totalled 2.7 billion Yuan (£200 million, $394 million, €253 million, ¥42 billion). Regulators are currently attempting to overhaul the banking system.

 

Anger is escalating among the Chinese public regarding the widening gap between rich and poor people. Over the past few years there have been increasing investigations into rich private entrepreneurs regarding fraud and tax evasion. Street cleaning worker Liu Yongli says, “I work 8 hours a day and receive 800 Yuan per month. Little will be left after paying 82 Yuan for gas and more than 300 Yuan for water, electricity, rent, and phone bills. For a mother who has to raise a child, even 800 is not enough.” Varying upon the region of China, monthly minimum wages have been set as follows: category one is 684 Yuan, category two is 574, category three is 494, category four is 446, category five is 410, category six is 377, and category seven is 352. Regions choose their own minimum wage category, which should be no lower than category seven. Varying city districts also implement different wage levels. The highest minimum wage was recently raised to 1000 Yuan per month but most countries would consider this monthly wage (£74 - $145 - €94 - ¥15,793) deeply insulting. Discontent among plebeian Chinese workers is understandable when you consider the Chinese entrepreneur Mr Wong Kwong-Yu who is founder and chairman of Gome Electrical Appliances.... Gome Electrical Appliances is worth 17.1 billion Yuan (£1.3 billion - $2.5 billion - €1.6 billion - ¥270 billion) and Wong Kwong-Yu has a net worth of about 11.6 billion Yuan. Currently Mr Wong Kwong-Yu is being investigated regarding financial irregularities. The total value of assets possessed by the richest 500 Chinese entrepreneurs is 2.8 trillion Yuan.

 

Napoleon III said, "When China awakes she will shake the world." More recently during 2008AD the Goldman Sachs banking group stated China would possess the world's biggest economy by 2050AD. Journalists have also labelled Chinese people The New Colonists. Throughout history various nations took a great leap forward to shake the world. Lust for riches is not a new occurrence. Avarice taints both powerful and small nations. All transactions from mighty to minuscule are united by one factor. Stupid people underpin all imbalances of wealth. The Roman Empire has vanished. The British Empire has ended. A Chinese Empire is forecast to arise. During early stages of empire growth it is common for injustice to seem more pronounced. China for example is guilty of selling armaments to the corrupt Zimbabwean Mugabe regime but previously both US and UK governments have sold armaments to corrupt regimes. The USA utilised African slave labour. The UK has a history of bloody imperial conquest. Profit in the capitalist world always occurs without concern for consequences. The worldwide phenomenon of dolt exploitation occurs in all nations. China is not better or worse than any other country.

 

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