Tag: China

International Opinion

Multipolarity and the BRICS

A current fashion within the left is the championing of multipolarity. It assumes a bloc of states in different countries, some with more mixed economies than others, as objectively “anti-imperialist” insofar as they present a threat to the American hegemon. Some of this interpretation is jaundiced, especially when one considers […]

Books

The East is still Red

■ Carlos Martinez, The East Is Still Red (Glasgow: Praxis Press, 2023) The East Is Still Red is a very readable and able defence of the current People’s Republic of China. The basic argument of the book is that China is on the right path with regard to building socialism, […]

Imperialism

Neutrality is at stake

The threat to completely abandon what remains of Irish neutrality is a continuing and increasing one. The recent intervention of President Higgins may have slowed down Micheál Martin’s march to NATO, but the threat remains. Rather than applying for NATO membership immediately, the ruling class have set their sights as […]

Labour

On Chips

On 15 May 2023, an interview with the French ambassador in Ireland titled “Ireland must ‘pull its weight’ on increasing defence” was published in The Irish Examiner. Most of the interview focuses on the perceived need for the European Union to reduce its industrial and energy dependence on other global […]

International

Dollar Dominance

A recent article in Socialist Voice – entitled “Multipolarity and US Hegemony” – suggests that U.S. imperialism drives dollar dominance and that the dollar can only weaken by the political actions of countries like China. However, the risk to dollar dominance is unlikely to be determined in the last instance […]

Imperialism

Imperialism and Taiwan

The recent visit of the speaker of the US House of Representatives, Nancy Pelosi, to Taiwan has sharply increased the prospect of war in the region. The Chinese government and people strongly believe Taiwan to be their territory; and the no. 3 official in the US government visiting Taiwan is […]

International Political Economy

China’s digital currency

In 2008 the inventor of Bitcoin, Satoshi Nakamoto, expressed his view that “the root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”¹ This is an old right-wing libertarian talking-point: “When the state spends money to achieve social aims, it devalues money in general, which is an attack on people with lots of money.”

Imperialism International Narrated Political Economy

The old world is dying

WHATEVER WAY one looks at it, the reality is that this crisis, and its four forms— environmental, health, economic, and political—will prove to be worse than 2008. The fact that China’s economy has slowed down, for the first time in decades, only shows that this crisis will be a global affair, rather than a Western financial crisis, as happened in 2008. The 2020 crash will be a