The iPhone workers in China are jumping out of buildings on purpose, taking their own lives because they can’t take it anymore. These are the deleterious effects of capitalism in the world’s second largest economy.

Foxconn, the company that makes the ever-popular iPhone, apparently is a fascistic company that treats its employees like dogs. Hours are too long, management is too rigid, and the assembly line too fast. Capitalism is all about making money– and for this company, profits have been made at the expense of labor rights. Foxconn has had twelve worker suicides this year, and they’ve installed safety nets–yes nets–on their buildings to catch those workers who just can’t take it anymore. The company has even increased wages.

But the real eye-opener was the contrived, half-baked, forced pep rally that it held in Shenzen, where 300,000 people work and most of the suicides took place. It’s as if the company is telling its employees, “You’ll be happy or else.” Oh, what a piece of work they are.

Now, anyone can look at China’s rapid economic growth and react with wonderment and awe. They have surpassed Japan, and are outranked only by the U.S.–for now. Plus, they are the largest owner of American debt at the better part of a trillion dollars. China shows what you can do with a little industrial planning, policy and guidance from the government.