EPUB The Rise of China and the Demise of the Capitalist World-Economy by Minqi Li free writer original german reader

Book description

Book description
This is one of the best books that Ive read lately. Firstly, the organization and writing style of the book is superb. The book is articulate, coherent, and well-paced. The first few chapters read a bit slow, but in the context of the whole book are necessary to understand the implications of the authors suggestions in the final two chapters.The author combines his authority on radical Marxist/Maoist thought with the world-systems analysis of Immanuel Wallerstein. This results in an overall critique that covers many topics, but has a coherent framework that is well referenced. The author emphasizes the necessary of inter-state competition in order for capitalism to flourish (to drive down labor costs, open markets, etc.). The author describes the role of successive global hegemonic powers (dutch financially, british, US) since the 1600s to reduce labor, taxation, and environmental costs for capital accumulation and quell inter-state instabilities. The rise of China is highlighted in this analysis as the next global hegemonic power, but doubts are raised as to whether the planet can actually sustain this transition since current levels of production are currently unsustainable.An entire chapter is devoted to the history of China, including the exploitation of China by Western Europe and the US, the rise of socialism, and the transition to a market capitalist economy. It shows the contrast between socialism and capitalism in practice, highlighting positive and negative outcomes of each system. Though I feel like this was the most disorganized chapter in the book, it was still a pleasure to read, and provided much insight upon further reflection.The chapter titled The End of Endless Accumulation covers the current global economic and ecological state as well as the future course of these systems under global capitalism. The evidence is clear that current levels of consumption and accumulation are not sustainable and will eventually lead to worldwide collapse. This chapter is the strongest indictment of the capitalist system that I have read to date.The book closes with the final chapter describing what humanity is in for in the coming 50 years. It does not pull any punches, and takes a reasonably pessimistic tone. It reiterates common themes of global socialism (either independent socialist states working in concert or one global governing body) as a potential organization in transition to a more sustainable economic and ecological existence while maintaining (expanding?) individual and collective freedoms.
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EPUB The Rise of China and the Demise of the Capitalist World-Economy by Minqi Li free writer original german reader

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