Is China Transforming the World?

Is China Transforming the World?

From speeches by president Xi Jinping, including the one he gave at the World Economic Forum in Davos in 2017, journalists only wanted to retain his support of globalization—that is, his praise of free trade without obstacles—and a denunciation of protectionism. It is clear that the Chinese president was saying that “economic globalization has provided a powerful driving force for world growth, by facilitating the movement of capital and goods, the advancement of science, technology and human civilization, as well as exchanges between peoples.”1. What a sweet song in the ears of the neoliberals! Nevertheless, we should not hide the setbacks and problems, also underlined in this same speech: “Globalization is a double-edged sword.… The contradiction between capital and labor is accentuated.… The gaps between the rich and the poor, between the North and the South, are constantly widening.… The richest [elements] represent 1 percent of the world’s population, but have more wealth than the remaining 99 percent.2

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MONTHLY REVIEW JULY-AUGUST 2021

Documents reveal US pressure on ex-Yemeni regime to agree on normalizing ties with Israel

Press TV – July 12, 2021

The interior ministry of Yemen’s National Salvation Government has released a series of confidential documents detailing the United States pressure on the administration of former Yemeni dictator, Ali Abdullah Saleh, to normalize relations with Israel and lift the blockade on products made in the Israeli occupied territories.

Documents reveal US pressure on ex-Yemeni regime to agree on normalizing ties with Israel

Why America’s economic war on China is failing

U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic attack on China would miraculously create economic prosperity for them. In 2018, Trump slapped tariffs on more than $200 billion worth of various Chinese goods. Then, Trump’s administration went after Chinese high-tech firms such as Huawei, ZTE, ByteDance (the owners of TikTok), and WeChat.

Why America’s economic war on China is failing