US Indymedia Global Indymedia Publish About us
Printed from Boston IMC : http://boston.indymedia.org/
Boston.Indymedia
IVAW Winter Soldier

Winter Soldier
Testimonies
Brad Presente

Other Local News

Spare Change News
Open Media Boston
Somerville Voices
Cradle of Liberty
The Sword and Shield

Local Radio Shows

WMBR 88.1 FM
What's Left
WEDS at 8:00 pm
Local Edition
FRI (alt) at 5:30 pm

WMFO 91.5 FM
Socialist Alternative
SUN 11:00 am

WZBC 90.3 FM
Sounds of Dissent
SAT at 11:00 am
Truth and Justice Radio
SUN at 6:00 am

Create account Log in
Comment on this article | Email this article | Printer-friendly version
Commentary :: International : Politics
Not so fast: The contradictions in China’s capitalist rise
02 Nov 2012
Let’s not hold our breaths just yet — China is not nearly capable today of becoming the new capitalist center. Its military and economy are much too small.
Hand-wringing over China increasingly seems to be a preoccupation of mainstream journalism, popular culture and the world of politics. Speculation abounds on when China will be crowned the world’s largest economy.

Among other forms, the decline of the United States can take comical or satirical forms in novels, Rick Moody’s "Four Fingers of Death" and Gary Shteyngart’s "Super Sad True Love Story" being two recent, outstanding examples. The plot of both unfold against a backdrop of a rapidly decaying United States at the brink of bankruptcy as the Chinese contemplate cutting off all credit, the former novel contemplating the human costs of economic free-fall layered over an absurd military gambit to salvage imperial prerogatives and the latter deftly using satiric exaggeration to lampoon the consumer fetishism that passes for U.S. popular culture. Laughing at the precipice is, arguably, better than crying.

Contemplation of the end of U.S. dominance can of course take much deadlier forms, such as the Bush II administration’s invasion of Iraq — a desperate ploy to re-assert U.S. military supremacy, impose a neoliberal paradise for its corporations, provide an economic and military base for the U.S. to assert itself over the Middle East and secure energy resources. Administrations from Nixon to Clinton had, in some form, carried out policies designed to slow down the incremental but steady relative decline of U.S. power in relation to the rest of the world, but such policies were tossed aside last decade in a mad gamble to restore undisputed supremacy.

That the Bush II gamble backfired spectacularly cannot be in reasonable dispute; plunging the country into debt, wasting resources on military adventure, inflicting an appalling scale of casualties and engendering increased international willingness to oppose U.S. initiatives has instead accelerated imperial decline.

To continue reading, please go to http://wp.me/p2cpPS-l
See also:
http://ttp://systemicdisorder.wordpress.com

This work licensed under a
Creative Commons license
Add a quick comment
Title
Your name Your email

Comment

Text Format
Anti-spam Enter the following number into the box:
To add more detailed comments, or to upload files, see the full comment form.