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