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Most discussions of the global financial crisis take the United States as their focus, both for analyzing what went wrong and for making plans to avoid similar mistakes in the future. But that may not be the case next time: as Minq Li argues convincingly in China and the Twenty-first-Century Crisis, by the time of inevitable next crisis, China will likely be at the epicenter.
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Li roots his argument in an analysis of the political and economic imbalances in China that would exacerbate a crisis, and possibly even precipitate a full collapse—and he shows in detail the reasons why that collapse could happen much more quickly than anyone imagines. Writing from a Marxist and ecologically oriented perspective, Li shows unequivocally that the limits to capitalism are fast approaching, and that events in China—essentially the last great frontier for capitalist expansion—are likely to be pivotal.
- Sales Rank: #995590 in Books
- Published on: 2015-11-15
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .60" w x 5.33" l, .0 pounds
- Binding: Paperback
- 176 pages
Review
"In this thought-provoking book, Li argues that global capitalism is in danger. The author discusses the class struggle in China, essentially the competition between labor and capital for a larger share of income, and predicts a major economic crisis in China in the coming years. Highly recommended." (Choice)
Praise for The Rise of China: “Li has accomplished something different and very important. This is a book which explains much that seems a puzzle and challenges the received opinion of many analysts. It should be read by all concerned persons.” (Immanuel Wallerstein, Yale University)
“This is a must read for anyone seeking to understand the workings of global capitalism. In a clear and concise fashion Minqi Li explains the importance of Chinese economic dynamics to contemporary global capitalist stability and why the growing class and ecological contradictions undermining Chinese capitalism likely means we are heading into a new period of sustained global crisis. The need for system change has never been clearer.” (Martin Hart-Landsberg, Lewis and Clark College)
“At the moment that the whole world is suddenly wondering about the unsustainability of the Chinese economy and beginning to recognise that China is increasingly at the centre of the crisis of our times, Minqi Li has produced a book that argues exactly that. Moreover, he does so with a breadth that goes beyond most economic analyses, encompassing the interconnected economic and ecological crises of our time. China and the Twenty-First-Century Crisis is an important, timely, and bound to be influential work.” (John Bellamy Foster, University of Oregon)
About the Author
Minq Li teaches economics at the University of Utah and is the author of The Rise of China and the Demise of the Capitalist World-Economy, also published by Pluto.
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