A Local Example of How Global Capitalism Works

During my early trips to Vietnam and Cambodia in the mid- to late-90s, I began to learn more about what has been called the North-South gap and the potential for obscene profits through exploitation. Lest we forget, "labor" refers to most people who have no choice but to sell their labor to an employer, fellow … Continue reading A Local Example of How Global Capitalism Works

“Turning an eagle eye on Vietnam’s attraction for the ‘eagles'”

Garment workers at a factory in the southern Long An Province, February 2020. Photo by VnExpress/Quynh Tran. It's rare and refreshing to see something so honest in print. It's a sensitive issue but also an important one. When talking about foreign direct investment (FDI) in Viet Nam or wherever, the human element, which should always … Continue reading “Turning an eagle eye on Vietnam’s attraction for the ‘eagles'”

“Global garment firms no longer bullish on Vietnam as costs rise”

So goes the title of a recent article about international textile companies operating in Viet Nam.  The first thought that always pops into my head whenever I read about rising labor costs is how much by local standards and how much is enough in terms of net profit?  Why not pay your employees a living … Continue reading “Global garment firms no longer bullish on Vietnam as costs rise”