The facts show clearly that, contrary to propaganda by the United States, it was serious errors in U.S. economic thinking and policy which were the most fundamental factor in destabilising the world economy, not the Ukraine war.
Do the Ukraine war and the action of the United States, the European Union, and the United Kingdom spell the end of the dollar as the world’s reserve currency? Even if the peace talks between Russia and Ukraine reach an agreement there will be fallout for the dollar.
China developed its policies to deal with its national issues. But in so doing it has created both practical and theoretical achievements which are the world’s most advanced. Given the gigantic scale of China’s achievements anyone with sense in the world will study these intently.
Marx designated the difference between what he termed “political emancipation” and “human emancipation” – between purely formal equality and rights in politics and the fundamental inequality and lack of rights in the real world. This classically sets out the reality of Western parliamentary democracy.
European launch event for ‘China’s Great Road: Lessons for Marxist Theory and Socialist Practices’, the new book by John Ross
– 2pm (BST) Saturday 10 July
Deng Xiaoping was above all a great leader of the Chinese people. Through pursuit of his country’s national revival, lifting over 620 million people out of poverty, he also made an unparalleled contribution to humanity’s overall well-being. But if that were not enough, he had another achievement. By far the greatest economist of the 20th century was not Keynes, Hayek or Friedman but Deng Xiaoping.