The Rise of China and the Demise of the Capitalist World Economy

The Rise of China and the Demise of the Capitalist World Economy

Author: Minqi Li

Publisher: Monthly Review Press

Published: 2009-03-01

Total Pages: 236

ISBN-13: 9781583671825

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In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China’s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise. The author tells us that historically the spread and growth of capitalist economies has required low wages, taxation, and environmental costs, as well as a hegemonic nation to prevent international competition from eroding these requirements. With the decline of the economic power of the United States, its current hegemonic role will deteriorate and the unprecedented growth of China will so erode the foundations of capital accumulation—by pushing wages and environmental costs up, for example—that the entire capitalist system will be shaken to its core. This is essential reading for those who still believe that there is no alternative.


Book Synopsis The Rise of China and the Demise of the Capitalist World Economy by : Minqi Li

Download or read book The Rise of China and the Demise of the Capitalist World Economy written by Minqi Li and published by Monthly Review Press. This book was released on 2009-03-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China’s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise. The author tells us that historically the spread and growth of capitalist economies has required low wages, taxation, and environmental costs, as well as a hegemonic nation to prevent international competition from eroding these requirements. With the decline of the economic power of the United States, its current hegemonic role will deteriorate and the unprecedented growth of China will so erode the foundations of capital accumulation—by pushing wages and environmental costs up, for example—that the entire capitalist system will be shaken to its core. This is essential reading for those who still believe that there is no alternative.


China and Socialism

China and Socialism

Author: Martin Hart-Landsberg And Paul Burkett

Publisher: Aakar Books

Published: 2006

Total Pages: 168

ISBN-13: 9788187879794

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The Fastest-Growing Economy In The World Today Is That Of China. For Many On The Left, The Chinese Economy Seems To Provide An Alternative Model Of Development To The Of Neoliberal Globalization. Although It Is A Disputed Question Whether The Chinese Economy Can Be Still Described As Socialist, There Is No Doubting The Importance For The Global Project Of Socialism Of Accurately Interpreting And Soberly Assessing Its Real Prospects. Hart-Landsberg And Burkett S China And Socialism Argues That Market Reforms In China Are Leading Inexorably Toward A Capitalist And Foreign-Dominated Development Path, With Enormous Social And Political Costs, Both Domestically And Internationally. The Rapid Economic Growth That Accompanied These Market Reforms Have Not Been Due To Efficiency Gains, But Rather To Deliberate Erosion Of The Infrastructure That Made Possible A Remarkable Degree Of Equality. The Transition To The Market Has Been Based On Rising Unemployment, Intensified Exploitation, Declining Health And Education Services, Exploding Government Debt, And Unstable Prices. At The Same Time, China S Economic Transformation Has Intensified The Contradictions Of Capitalist Development In Other Countries, Especially In East Asia. Far From Being A Model That Is Replicable In Other Third World Countries, China Today Is A Reminder Of The Need For Socialism To Be Built From The Grassroots Up, Through Class Struggle And International Solidarity.


Book Synopsis China and Socialism by : Martin Hart-Landsberg And Paul Burkett

Download or read book China and Socialism written by Martin Hart-Landsberg And Paul Burkett and published by Aakar Books. This book was released on 2006 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fastest-Growing Economy In The World Today Is That Of China. For Many On The Left, The Chinese Economy Seems To Provide An Alternative Model Of Development To The Of Neoliberal Globalization. Although It Is A Disputed Question Whether The Chinese Economy Can Be Still Described As Socialist, There Is No Doubting The Importance For The Global Project Of Socialism Of Accurately Interpreting And Soberly Assessing Its Real Prospects. Hart-Landsberg And Burkett S China And Socialism Argues That Market Reforms In China Are Leading Inexorably Toward A Capitalist And Foreign-Dominated Development Path, With Enormous Social And Political Costs, Both Domestically And Internationally. The Rapid Economic Growth That Accompanied These Market Reforms Have Not Been Due To Efficiency Gains, But Rather To Deliberate Erosion Of The Infrastructure That Made Possible A Remarkable Degree Of Equality. The Transition To The Market Has Been Based On Rising Unemployment, Intensified Exploitation, Declining Health And Education Services, Exploding Government Debt, And Unstable Prices. At The Same Time, China S Economic Transformation Has Intensified The Contradictions Of Capitalist Development In Other Countries, Especially In East Asia. Far From Being A Model That Is Replicable In Other Third World Countries, China Today Is A Reminder Of The Need For Socialism To Be Built From The Grassroots Up, Through Class Struggle And International Solidarity.


From Commune to Capitalism

From Commune to Capitalism

Author: Zhun Xu

Publisher: NYU Press

Published: 2018-06-22

Total Pages: 154

ISBN-13: 1583676996

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Socialism and capitalism in the Chinese countryside -- Chinese agrarian change in world-historical context -- Agricultural productivity and decollectivization -- The political economy of decollectivization -- The achievement, contradictions, and demise of rural collectives


Book Synopsis From Commune to Capitalism by : Zhun Xu

Download or read book From Commune to Capitalism written by Zhun Xu and published by NYU Press. This book was released on 2018-06-22 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Socialism and capitalism in the Chinese countryside -- Chinese agrarian change in world-historical context -- Agricultural productivity and decollectivization -- The political economy of decollectivization -- The achievement, contradictions, and demise of rural collectives


Marx on Gender and the Family

Marx on Gender and the Family

Author: Heather Brown

Publisher: BRILL

Published: 2012-07-25

Total Pages: 243

ISBN-13: 9004214283

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This, the first book-length study devoted exclusively to Marx’s perspectives on gender and the family, offers a fresh look at this topic in light of twenty-first century concerns.


Book Synopsis Marx on Gender and the Family by : Heather Brown

Download or read book Marx on Gender and the Family written by Heather Brown and published by BRILL. This book was released on 2012-07-25 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This, the first book-length study devoted exclusively to Marx’s perspectives on gender and the family, offers a fresh look at this topic in light of twenty-first century concerns.


MarxÕs Ecology

MarxÕs Ecology

Author: John Bellamy Foster

Publisher: NYU Press

Published: 2000-03-01

Total Pages: 325

ISBN-13: 1583670114

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Progress requires the conquest of nature. Or does it? This startling new account overturns conventional interpretations of Marx and in the process outlines a more rational approach to the current environmental crisis. Marx, it is often assumed, cared only about industrial growth and the development of economic forces. John Bellamy Foster examines Marx's neglected writings on capitalist agriculture and soil ecology, philosophical naturalism, and evolutionary theory. He shows that Marx, known as a powerful critic of capitalist society, was also deeply concerned with the changing human relationship to nature. Marx's Ecology covers many other thinkers, including Epicurus, Charles Darwin, Thomas Malthus, Ludwig Feuerbach, P. J. Proudhon, and William Paley. By reconstructing a materialist conception of nature and society, Marx's Ecology challenges the spiritualism prevalent in the modern Green movement, pointing toward a method that offers more lasting and sustainable solutions to the ecological crisis.


Book Synopsis MarxÕs Ecology by : John Bellamy Foster

Download or read book MarxÕs Ecology written by John Bellamy Foster and published by NYU Press. This book was released on 2000-03-01 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Progress requires the conquest of nature. Or does it? This startling new account overturns conventional interpretations of Marx and in the process outlines a more rational approach to the current environmental crisis. Marx, it is often assumed, cared only about industrial growth and the development of economic forces. John Bellamy Foster examines Marx's neglected writings on capitalist agriculture and soil ecology, philosophical naturalism, and evolutionary theory. He shows that Marx, known as a powerful critic of capitalist society, was also deeply concerned with the changing human relationship to nature. Marx's Ecology covers many other thinkers, including Epicurus, Charles Darwin, Thomas Malthus, Ludwig Feuerbach, P. J. Proudhon, and William Paley. By reconstructing a materialist conception of nature and society, Marx's Ecology challenges the spiritualism prevalent in the modern Green movement, pointing toward a method that offers more lasting and sustainable solutions to the ecological crisis.


The Endless Crisis

The Endless Crisis

Author: John Bellamy Foster

Publisher: Monthly Review Press

Published: 2017-05-01

Total Pages: 239

ISBN-13: 1583676791

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The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.


Book Synopsis The Endless Crisis by : John Bellamy Foster

Download or read book The Endless Crisis written by John Bellamy Foster and published by Monthly Review Press. This book was released on 2017-05-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.


Socialism with Chinese Characteristics

Socialism with Chinese Characteristics

Author: Roland Boer

Publisher: Springer Nature

Published: 2021-04-27

Total Pages: 323

ISBN-13: 9811616221

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This book covers the whole system of Socialism with Chinese Characteristics, dealing with Deng Xiaoping’s theory, the socialist market economy, a moderately well-off (Xiaokang) society, China’s practice and theory of socialist democracy, human rights, and Xi Jinping’s Marxism. In short, the resolute focus is the Reform and Opening-Up. Socialism with Chinese Characteristics is one of the most important global realities today. However, the concept and its practice remain largely misunderstood outside China. This book sets to redress such a lack of knowledge, by making available to non-Chinese speakers the sophisticated debates and conclusions in China concerning socialism with Chinese Characteristics. It presents this material in a way that is both accessible and thorough.


Book Synopsis Socialism with Chinese Characteristics by : Roland Boer

Download or read book Socialism with Chinese Characteristics written by Roland Boer and published by Springer Nature. This book was released on 2021-04-27 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the whole system of Socialism with Chinese Characteristics, dealing with Deng Xiaoping’s theory, the socialist market economy, a moderately well-off (Xiaokang) society, China’s practice and theory of socialist democracy, human rights, and Xi Jinping’s Marxism. In short, the resolute focus is the Reform and Opening-Up. Socialism with Chinese Characteristics is one of the most important global realities today. However, the concept and its practice remain largely misunderstood outside China. This book sets to redress such a lack of knowledge, by making available to non-Chinese speakers the sophisticated debates and conclusions in China concerning socialism with Chinese Characteristics. It presents this material in a way that is both accessible and thorough.


The Long Game

The Long Game

Author: Rush Doshi

Publisher: Oxford University Press

Published: 2021-06-11

Total Pages: 433

ISBN-13: 0197527876

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For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.


Book Synopsis The Long Game by : Rush Doshi

Download or read book The Long Game written by Rush Doshi and published by Oxford University Press. This book was released on 2021-06-11 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.


China, Inc

China, Inc

Author: Ted C. Fishman

Publisher: Simon and Schuster

Published: 2005

Total Pages: 364

ISBN-13: 9780743257527

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What will happen when China can make nearly everything the U.S. and Europe can make--at one-third the cost? Fishman delves into dangerous question that not everyone wants answered.


Book Synopsis China, Inc by : Ted C. Fishman

Download or read book China, Inc written by Ted C. Fishman and published by Simon and Schuster. This book was released on 2005 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: What will happen when China can make nearly everything the U.S. and Europe can make--at one-third the cost? Fishman delves into dangerous question that not everyone wants answered.


Red Capitalism

Red Capitalism

Author: Carl Walter

Publisher: John Wiley & Sons

Published: 2012-07-31

Total Pages: 290

ISBN-13: 1118255135

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The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.


Book Synopsis Red Capitalism by : Carl Walter

Download or read book Red Capitalism written by Carl Walter and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.