The Rise of China and the Demise of the Capitalist World-Economy
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The Rise of China and the Demise of the Capitalist World-Economy

3.79 of 5 stars 3.79  ·  rating details  ·  29 ratings  ·  7 reviews
China's increasing power in the global economy is destabilizing the established system. This book analyses the possible historical trajectories of China and the capitalist world-economy in the twenty-first century. Minqi Li examines the future global prospects from the perspectives of Marxism, world-system theories, and ecological limits to growth. He argues that China is...more
Paperback, 208 pages
Published November 28th 2008 by Pluto Press (UK) (first published October 20th 2008)
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Jeff
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Brandon Wu
If you can get past the utopian socialist predictions and Mao apologism, Minqi Li has put together a highly thought-provoking argument in the world-systems tradition about the decline of American hegemony and whether or not China is set to become the next global hegemonic power. His answer is no - for various interesting reasons, including inherent contradictions in China's economic rise (which are very similar to the contradictions in Western capitalism, many of which have been written about si...more
Noah Enelow
This book is completely worth reading, despite its tendentiousness, millenarian predictions, and Mao apologism. Actually, the latter is worth listening to, since all we get in the West is demonization of Mao. This is not to say that the demonization is entirely unfounded, but an articulate pro-Mao Chinese perspective is worth reading. Such a perspective belongs to Minqi Li; as far as such perspectives in the West, he may be the best - or the only one - we've got.

Minqi Li is a true believer in t...more
Jesse
A very thought provoking book, rich with financial history of not only China but western capitalism as well. The author illustrates (maybe unintentionally) the very real fear of China, a communist country, having a successful capitalist system and surpassing the U.S. and the Western countries in general as a financial superpower as a good possibility.
Saidi
This was a great book gives clear understanding of the great empire
Wangdu
One of touchstone books.
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