Posts Tagged 'China'

Bonfire of Illusions: The Twin Crises of the Liiberal World, by Alex Callinicos

Plenty of illusions but no bonfire. The problem with this book’s title – acknowledged by Callinicos – is that the ruling neoliberal ideology is very much alive and kicking. Fixing as his point of departure the timely conjunction of the financial meltdown of 2008 and the Russia-Georgia war, the author argues that these events marked the end of the post-Cold War epoch of unipolar US supremacy and neoliberal orthodoxy. A detailed accounting of the financial crisis, informed by an understanding of falling profit rates, gives way to a weaker outline of geopolitical strategy that frequently reiterates the earlier economic arguments. SS

Polity; 2010; 179 pages

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Adam Smith in Beijing: Lineages of the Twenty-First Century, by Giovanni Arrighi

This expansive work seeks to understand differing paths of capitalist economic development and portends tectonic shifts in world capitalism as China emerges as challenger to US hegemony. Beginning with a theoretical discussion of Adam Smith’s political economy, Arrighi contrasts Europe’s historical development with the purer market economics of the contemporaneous Far East. By examining historical transitions from one world-leading centre of capitalism to another, considering the role of financialisation in these processes, Arrighi ponders the future of US dominance after a series of monumental political and military failures. In the background China is rising; the new workshop of the world. SS

Verso; 2008; 418 pages

Spaces of Global Capitalism: Towards a Theory of Uneven Global Development, by David Harvey

Here are three lectures delivered by Harvey, a geographer by trade, in 2004. In the first he analyses neoliberalism in what is a finely composed exposition of its meaning: the restoration of ruling class power. The second is focused on uneven geographical development and Harvey masterfully employs his Marxian analytical toolbox to demonstrate how this unevenness is inherent to the system via processes of primitive accumulation, competing capitals and commodity fetishism. Finally, for the specialist Harvey tackles the notion of ‘space’, producing a nine-coordinate ‘matrix’ of different conceptions which we are asked to consider simultaneously and dialectically; it’s challenging stuff. SS

Verso; 2006; 154 pages


Language ought to be the joint creation of poets and manual workers. George Orwell

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