By William Jefferies China’s capitalist Great Power status defines contemporary global economics and politics. The continually escalating United States-China trade war presages real war. The US anticipates such a conflict (one it expects to lose) will most likely break out over Taiwan, although its military planning is speculative and rests on many assumptions. Vicious, albeit still proxy, wars such as the Israel-Gaza and Russia-Ukraine conflicts endure, each ceasefire simply a pause before the next round of hostilities. Racist nationalist movements in Western democracies threaten to upset the established norms of the neoliberal settlement — the formal inequality of individuals to pursue private aggrandisement in a selfish, money grabbing world. Meanwhile, the advent of a new long wave of storm and stress ( https://links.org.au/long-wave-theory-globalisations-end-and-coming-crises-interview-william-jefferies ) in the world economy manifests itself in the breakdown of globalisation and the shift to a multipolar world.
China’s Great Power status remains contested, however, by theorists seeking to downplay the significance of this shift or attribute it to causes other than capitalist competition. Michael Roberts ( https://links.org.au/imperialism-long-depression-and-brics-illusion-interview-michael-roberts ) , Zhongjin Li and David Kotz all say China remains a non-capitalist society, pointing to Communist Party of China (CPC) rule and its application of various quasi planning mechanisms. Other theorists, such as Sean Starrs ( https://links.org.au/can-china-challenge-us-empire ) (following Leo Panitch and Sam Gindin ( https://links.org.au/us-empire-global-capitalism-and-internationalisation-states-interview-sam-gindin ) ) and Sam King, accept China is a capitalist economy, but deny its challenge to US hegemony. China’s growth, for them, is strictly subordinate to the US, meaning China will never contest US global domination. Continue reading at https://links.org.au/china-great-power -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#39442): https://groups.io/g/marxmail/message/39442 Mute This Topic: https://groups.io/mt/116444847/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
