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

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

by Minqi Li
     
 

ISBN-10: 158367182X

ISBN-13: 9781583671825

Pub. Date: 03/01/2009

Publisher: Monthly Review Press

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

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Overview

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.

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Product Details

ISBN-13:
9781583671825
Publisher:
Monthly Review Press
Publication date:
03/01/2009
Edition description:
New Edition
Pages:
230
Product dimensions:
5.30(w) x 8.40(h) x 0.70(d)

Table of Contents

List Of Tables
List Of Figures
Preface: My 1989
1. An Introduction to China and the Capitalist World-Economy
2. Accumulation, Basic Needs, And Class Struggle: The Rise Of Modern China
3. China And The Neoliberal Global Economy
4. Can the Capitalist World-Economy Survive the Rise of China?
5. Profit And Accumulation: Systemic Cycles And Secular Trends
6. The End Of The Endless Accumulation
7. Between The Realm Of Necessity And The Realm Of Freedom: Historical Possibilities for The Twenty-First Century Bibliography
Index

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