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The Different Ways That the U.S. and Chinese Governments Use Their Power to Regulate Capitalism

Russia’s war on Ukraine both reflects and deepens a global split that should remind us of Karl Marx’s famous remark: “No social order ever disappears before all the productive forces, for which there is room in it, have been developed; and new higher r…

Russia’s war on Ukraine both reflects and deepens a global split that should remind us of Karl Marx’s famous remark: “No social order ever disappears before all the productive forces, for which there is room in it, have been developed; and new higher relations of production never appear before the material conditions of their existence have matured in the womb of the old society.” The United Kingdom already lost its particular social order—its empire—while the United States is now losing its. More

The post The Different Ways That the U.S. and Chinese Governments Use Their Power to Regulate Capitalism appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Richard D. Wolff.


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