The rise of China and the end of the American century
For the last century, the USA has been the undisputed master of the capitalist world. Now, all that is changing. Today, America is in decline and facing a new contender: China.
Over the last 30 years, China has exploded from an underdeveloped country, exploited by western capitalists for its cheap labour, to a cutting-edge capitalist power in its own right. Today, it accounts for 18 percent of the world's GDP and 29 percent of the world’s manufacturing, and leads the world in some of the most advanced technologies.
As a result of this stormy development, which has made China the second most…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.