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

Li, Minqi

Brossura

ISBN 10: 158367182X ISBN 13: 9781583671825

Casa editrice: Monthly Review Pr, 2009

Riassunto

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.

Su questo libro

L'autore:

Minqi Li teaches economics at University of Utah and has also taught political science at York University, Canada. He turned from an advocate of free market principles into a Marxist and was a political prisoner in China between 1990 and 1992.

Product Description:

Rare book

Su questa edizione

• Editore: Monthly Review Pr
• Data di pubblicazione: 2009
• ISBN 10: 158367182X
• ISBN 13: 9781583671825
• Rilegatura: Copertina flessibile
• Numero di pagine: 208