Paul Jay: In China in June, leaders of the Chinese Communist Party said that it’s time for workers’ wages to go up.  And there’s been a lot of discussion about whether China’s actually restructuring its economy to try to boost domestic demand.  Certainly in what leaders say in other parts of the world they […]

  Paul Jay, Senior Editor, The Real News Network: So let’s talk about Copenhagen.  If in fact most of the scientific community is quite persuaded in the climate change science, and certainly they are, and all the world governments say they are, what’s preventing us from getting a serious agreement, and particularly with China and […]

  Paul Jay: . . . How bad is unemployment in China now?  And how much worse might it get if the yuan were to appreciate? Minqi Li: Well, it’s reported that during the current crisis about 40 million Chinese workers have already lost jobs.  And, of course, if there is a further appreciation of […]

Part 1 Part 2 Minqi Li is Assistant Professor of Economics at the University of Utah and the author of The Rise of China and the Demise of the Capitalist World Economy among other publications.  This lecture was delivered at the Marxist School of Sacramento on 21 May 2009. 

  Chinese Nationalism Paul Jay: To what extent is there development of big power nationalism, perhaps in the armed forces, in the Chinese Communist Party itself? Minqi Li: My own view is that, as far as China’s ruling elites are concerned, concerning China’s big capitalists, I’d say nationalism is not so much their own ideology.  […]

  The New Left in China Minqi Li: There has been dramatic change in terms of China’s intellectual life.  Back in the 1980s, among most of the intellectuals who were politically conscious or politically active, among most of the university students, it was dominated by neoliberal ideas. Paul Jay: The ideas of open markets, independent […]

  Part 1: “Winners and Losers in the New China” PAUL JAY: So my question is: that [1989-1990] was a very politically charged time.  The authorities felt  besieged.  Now people say things have relaxed, things have changed, to some extent.  How much have they changed?  In today’s China, could you still be arrested for making […]

Global capitalism is in danger. Leading lights of global finance capital are sending out warning signals with growing urgency and desperation. Alan Greenspan is puzzled, referring to the decline of long-term interest rates at a time of rising short-term interest rates as a “conundrum.” To solve the conundrum, Martin Wolf of the Financial Times argues, […]