Where Is China Going? A Review of Two Opposing Views

The United States is escalating its provocations against China. To understand the rivalry between the two countries, we have to understand their class nature. In the case of China, the debate over its social and economic form is far from settled. This article discusses two recent books that take quite different positions on this question.

China’s Evergrande: A Serious Crisis, But Hardly an Asian Lehman Brothers

The Evergrande Group, a giant Chinese real estate developer, is on the brink of default. For the Chinese bureaucracy, the crisis is not only an “opportunity to regulate the sector,” as some would have us believe. But it is too early to declare this a Chinese version of the 2008 Lehman Brothers collapse, since the Chinese government will not likely wait for things to reach that level.

U.S. Submarine Deal with Australia Another Provocative Step Against China

The U.S. has agreed to export nuclear submarines to Australia. The move is a huge blow to France, which will lose a huge contract signed in 2016, and is a yet another provocative step against China.

Afghanistan: Between Imperialism, the Taliban, and the Chinese Bureaucracy

Two decades after the invasion of Afghanistan, the Taliban have returned to power and the United States’ hegemonic project has come to an end. Trotskyism — unlike impotent Stalinism and post-Marxism — has some light to shed on Afghanistan’s necessary struggle for emancipation from imperialist oppression and capitalist exploitation and for the conquest of all democratic rights for women and ethnic minorities. National bourgeoisies cannot accomplish any of that.

From Revolution to Capitalist Restoration: 100 Years of the Chinese Communist Party

This July marked the centenary of the Chinese Communist Party. A hundred years on, the CCP bureaucracy today is a far cry from the revolutionary workers’ party born out of the aspirations of international socialist revolution.

Biden Looks for Allies at the G7 to Contain China

The group of world leaders will launch an infrastructure plan directed at poor countries in an effort to compete with Beijing’s growing influence.

Biden Wants $715 billion for the Pentagon — Republicans and Democrats Alike Love Militarism

President Biden has proposed $715 billion for the Department of Defense in 2022, maintaining its funding at Trump-era levels. The U.S. capitalist economy cannot survive without a huge engine for death, and no amount of progressive legislative pressure can change that.

The U.S.-China Summit: Containing China Is a Bipartisan Affair

The first Biden-era meeting of U.S. and Chinese government officials was marked by political theater. But the summit demonstrated that Biden, with his hostile policy towards China, has more in common with his predecessor than he would like to admit.

Violence against Asian Americans Is Fueled by U.S. Imperialism

Asian Americans are bearing the brunt of U.S. escalations against China. Thousands of hate crimes have occurred in the past year, including yesterday’s misogynistic, anti-Asian shooting in Georgia.