Moribund imperialism vs successful socialism led by China

What do you know about China? I’m beginning to learn how little I know. I’m just beginning to learn about socialism with Chinese characteristics, so I don’t know how successful socialism is there.

I recently wrote about a new text called Eight Contradictions in the Imperialist ‘Rules-Based Order’,
(see: Contradictions of the Imperialist ‘Rules-Based Order’).
I have been increasingly concerned about this country’s militarism and authoritarianism. Increasing poverty and failure to address anything related to increasingly severe climate chaos. And the choice that MUST be made between protecting our environment versus continuation of military operations and war.

The world currently stands at the beginning of a new era in which we will witness the end of the US global empire. The neoliberal system is deteriorating under the weight of numerous internal contradictions, historical injustices, and economic unviability.

Vijay Prashad, Tricontinental: Institute for Social Research

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…leaders in the Global South have been making the case to halt the warmongering over Ukraine and against China. As Namibia’s Prime Minister Saara Kuugongelwa-Amadhila said, ‘We are promoting a peaceful resolution of that conflict so that the entire world and all the resources of the world can be focused on improving the conditions of people around the world instead of being spent on acquiring weapons, killing people, and actually creating hostilities’.

CONTRADICTIONS OF THE IMPERIALIST ‘RULES-BASED ORDER’ by Vijay Prashad, Tricontinental: Institute for Social Research, March 10, 2023

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The first of the Eight Contradictions in the Imperialist ‘Rules-Based Order’ is the contradiction between moribund imperialism and an emerging successful socialism led by China.

This contradiction has intensified because of the peaceful rise of socialism with Chinese characteristics. For the first time in 500 years, the Atlantic imperialist powers are confronted by a large, non-white economic power that can compete with them. This became clear in 2013 when China’s GDP in purchasing power parity (PPP) overtook that of the United States. China accomplished this in a much shorter period than the West, with a significantly larger population and without colonies, enslaving others, or military conquest. Whilst China stands for peaceful relations, the US has become increasingly bellicose.

The US has led the imperialist camp since World War II. Post-Angela Merkel and with the advent of the Ukraine military operation, the US strategically subordinated dominant sections of the European and Japanese bourgeoisie. This has resulted in weakening intra-imperialist contradictions. The US first permitted and then demanded that both Japan (the third-largest economy in the world) and Germany (the fourth-largest economy) – two fascist powers during World War II – greatly increase their military expenditure. The result has been the ending of Europe’s economic relationship with Russia, damage to the European economy, and economic and political benefits for the US. Despite the capitulation of most of Europe’s political elite to full US subordination, some large sections of German capital are heavily dependent on trade with China, much more than on their US counterparts. The US, however, is now pressuring Europe to downgrade its ties to China.

The US has led the imperialist camp since World War II. Post-Angela Merkel and with the advent of the Ukraine military operation, the US strategically subordinated dominant sections of the European and Japanese bourgeoisie. This has resulted in weakening intra-imperialist contradictions. The US first permitted and then demanded that both Japan (the third-largest economy in the world) and Germany (the fourth-largest economy) – two fascist powers during World War II – greatly increase their military expenditure. The result has been the ending of Europe’s economic relationship with Russia, damage to the European economy, and economic and political benefits for the US. Despite the capitulation of most of Europe’s political elite to full US subordination, some large sections of German capital are heavily dependent on trade with China, much more than on their US counterparts. The US, however, is now pressuring Europe to downgrade its ties to China.

More importantly, China and the socialist camp now face an even more dangerous entity: the consolidated structure of the Triad (the United States, Europe, and Japan). The US’s growing internal social decay should not mask the near absolute unity of its political elite on foreign policy. We are witnessing the bourgeoisie placing its political and military interests over its short-term economic interests.

The centre of the world economy is shifting, with Russia and the Global South (including China) now accounting for 65% of the world’s GDP (measured in PPP). From 1950 until the present, the US share of the global GDP (in PPP) has fallen from 27% to 15%. The growth of the US’s GDP has also been declining for more than five decades and has now fallen to only around 2% per year. It has no large new markets in which to expand. The West suffers from an ongoing general crisis of capitalism as well as the consequences of the long-term tendency of the rate of profit to decline.

CONTRADICTIONS OF THE IMPERIALIST ‘RULES-BASED ORDER’ by Vijay Prashad, Tricontinental: Institute For Social Research, March 10, 2023

I had not known about socialism with Chinese characteristics.

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