Economic Analysis

The US economic slowdown is much greater than China’s

9th August 2013 Socialist Action 0

Discussion about the trends in the world economy emerging from the 2008 financial crisis is dominated by the relative growth rates of the US and China – the world’s two largest economies.

The media discussion has been focusing on concerns about China’s slowdown and its global impact, while the US is portrayed a recovering well. In fact both major economies are slowing in the context of continued global economic weakness, but the US is slowing much more than China.

The following article, by John Ross, looks at these facts in detail and points out that the key question is not ‘why is China slowing?’, but why has the US slowed much more dramatically than China in the last year?

The failure of neo-liberalism

4th February 2013 Socialist Action 0

The following article by John Ross sets out the disastrous effects on countries following neo-liberal economic policies – including in Latin America, Europe, and the US. It also analyses the errors in economic theory of neo-liberalism. Its influences also damaged China’s economy in the first half of 2012, but following China’s government boosting state led investment from mid-2012, China’s growth has accelerated again.