The Rise of China and the Demise of the Capitalist World Economy
Li, MinqiPublisher: Monthly Review Press
Pages: 240 pp ISBN: 978-1-58367-182-5
Resource Type: Book
Cx Number: CX8615
With the decline of the economic power of the United States, its current hegemonic role will deteriorate and the 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.