Abstract

The USA is widely seen as the country at the centre of the recent economic crash. But will this be the case the next time the system goes into shock? This book analyses how the political and economic imbalances in China will exacerbate system collapse, and how this could happen much sooner than we imagine, possibly within a decade.

By looking at the big questions of class struggle, global economic imbalances, peak oil, climate change and political power play, Minqi Li argues that by the time of the next crisis, China will be at the epicentre of these contradictions.

China is the last large region, and source of cheap labour, into which capital could expand: the system is at its limits. By combining this argument with issues surrounding the planet’s ecological limits and the internal politics of the Chinese Communist Party, Li commands a narrative of China at a pivotal, and possibly apocalyptic stage.
'Powerful'
Counterfire
'Thought-provoking... accessible... Highly recommended'
CHOICE
'Written with a breadth that goes beyond most economic analyses, encompassing the interconnected economic and ecological crises of our time. An important, timely, and bound to be influential work'
John Bellamy Foster, Profesor of Sociology, University of Oregon, editor of Monthly Review, and coauthor (with Robert W. McChesney) of The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
'Clear and concise ... 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, Professor of Economics at Lewis and Clark College, Portland, Oregon