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Monthly Review | The Political Economy of the U.S.-China Technology War

China Daily, August 15, 2020.
Junfu Zhao is a PhD candidate in economics at the University of Utah. Zhao can be reached at junfu.zhao [at] utah.edu. The author thanks Rudiger von Arnim, Minqi Li, and Han Cheng for their helpful comments.
Following the Donald Trump administration’s publication of its 2017
National Security Strategy and 2018
National Defense Strategy that designated China as a strategic competitor, the tensions between the United States and China have been heightened, encompassing trade disputes, China’s economic regime and territorial sovereignty, conflicts over geopolitical influences, and even the portrayed confrontation between liberal democracy and authoritarianism.
1 The inauguration of the Joe Biden administration has not significantly changed U.S. foreign policy toward China. In his ....

New York , United States , Feng Lu , White House , District Of Columbia , World Bank , City Of , United Kingdom , Thomasg Rawski Cambridge , Marcelo Duhalde , Thomasj Christensen , Li Xiaotian , Jim Mattis , Sahan Savas Karatasli , Joseph Biden , Joel Rabinovich , John Smith , Raj Varadarajan , Jason Dedrick , Falan Yinug , Seamus Grimes , Emma Bates , Shang Jin Wei , Junfu Zhao , Branko Milanovic , Elise Gould ,

Monthly Review | China: Imperialism or Semi-Periphery?

Imperialism, the Highest Stage of Capitalism, Lenin defined the five “basic features” of imperialism:
(1) the concentration of production and capital developed to such a high stage that it created monopolies which play a decisive role in economic life; (2) the merging of banking capital with industrial capital, and the creation, on the basis of this “finance capital,” of a financial oligarchy; (3) the export of capital as distinguished from the export of commodities acquires exceptional importance; (4) the formation of international monopolist capitalist associations which share the world among themselves, and (5) the territorial division of the whole world among the biggest capitalist powers is completed. ....

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Monthly Review | July-August 2021 (Volume 73, Number 3)

Monthly Review | July-August 2021 (Volume 73, Number 3)
monthlyreview.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monthlyreview.org Daily Mail and Mail on Sunday newspapers.

New York , United States , Republic Of China , Taiwan General , Tiananmen Square , Wang Hui , Leo Huberman , John Bellamy Foster , Lu Baolin , Martin Hart Landsberg , Joe Biden , Zhihe Wang , Minqi Li , William Hinton Fanshen , Harry Magdoff , Deng Xiaoping , Lowell Dittmer , Jason Zweig , Paulm Sweezy , John Maynard Keynes , Mao Zedong , Samir Amin , Richard Nixon , Cheng Enfu , Robertw Mcchesney , Paula Baran ,

Monthly Review | The Ideology of Late Imperialism

Monthly Review | The Ideology of Late Imperialism
monthlyreview.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monthlyreview.org Daily Mail and Mail on Sunday newspapers.

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Capitalism as a world system – World Socialist Movement

Capitalism as a world system
From the Summer 1986 issue of the World Socialist
Capitalism is basically an economic system, one in which production is oriented towards the accumulation of capital out of monetary profits realised on the market, the source of these profits being the unpaid labour of those who produce the goods that are sold. Production for a market, the accumulation of wealth having a monetary value, and even the exploitation of wage-labour had existed since ancient times but as more or less isolated practices rather than as a complete economic system. It was only in the 16th century that what Marx called “the capitalist era” began with the emergence of the world market, i. e., a pattern of trade and a division of labour involving a number of different countries and geographical areas. ....

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