The U.S. Economy and China: Capitalism, Class, and Crisis

  • Martin Hart-Landsberg
Keywords: Monopoly, Political Economy

Abstract

The U.S. economy is in bad shape and people are understandably seeking solutions. Many, encouraged by mainstream media and politicians, believe that China's trade policies bear primary responsibility for the structural decay of our economy and that recovery will require, above all, pressuring the Chinese government to implement "market-freeing" policy changes that will bring the U.S.-China trade relationship into balance.…Despite its popularity, this nation-state approach to understanding the dynamics of the U.S.-China relationship is seriously flawed.
Published
2010-02-02
Section
Articles