We the Workers : China Behind the Scenes
Review of the documentary “We the Workers” (2017), directed by Wenhai Huang.
The 1970s saw the arrival of a structural crisis of profitability which shook the world. In response, the post-war article of faith that governments should support the “commanding heights” of the economy, however unprofitable those basic industries were, was abandoned. The solution was to “free up capital” via abandoning financial laws put in place to save the world from another Wall Street Crash. At the same time key industries were restructured and privatised. Thatcher and Reagan may have initiated this new tendency to financialisation, but it developed even more rapidly under Blair and Clinton.