China’s Shipbuilding Orders Sink 62%

Marxists have made a distinction between the real economy, which produces goods and services, and the fictitious economy in which banks claim profits on stocks and bonds without producing anything. Since China is the workshop of the world in the production of real goods, when China is in trouble the whole world economy is in trouble. This brief article shows a decline in shipbuilding orders.

About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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