Tag Archives: china

Article: China in Crisis: Reason to Panic?

China in Crisis: Reason to Panic?
Wildcat #83, March 2009

“Will the current crisis and subsequent social turnover lead to the formation of a global working class that can finish off the capitalist mode of production world-wide? For any answer to that question class struggles in China play an important role. China is still the biggest country in the world, with 1.3 billion people, and by now the third biggest economy. Through the opening and industrialization of the 1980s and 90s China became the »assembly line of the world«, is part of global chains of production and circulation, and acts as a »global player« in investment and credit. The immense process of industrialization has pulled millions of migrant workers from the countryside into the cities and special economic zones where they work in factories, on construction sites, as domestic helpers etc. The current global crisis is overturning the social relations in China again.”


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Article: De-Dollarization: Dismantling America’s Financial-Military Empire

De-Dollarization: Dismantling America’s Financial-Military Empire
The Yekaterinburg Turning Point

By Prof. Michael Hudson

June 13, 2009

Rather than making merely cosmetic changes as some countries and perhaps the international financial organisations themselves might want, Mr. Medvedev ended his St. Petersburg speech, what we need are financial institutions of a completely new type, where particular political issues and motives, and particular countries will not dominate.


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