The importance of China’s economy is twofold. The first is the material scale of China’s economic achievement. The second is the conclusions that can be drawn for other countries—the “universalizable”, or not, character of China’s economic system.
Different national cultures have different starting points, and different ways of arriving at the truth, but the truth is objective. It may flow from the economics of Smith, or Marxism, or classical Chinese thought but it expresses objective reality.
China has a won clear victory in the first battle of the US “trade war”. But the U.S. will not abandon its economic struggle against China. This article analyses the forces that will determine the outcome of this “protracted” economic war.
Trump’s “tariff war” is an attempt to bring the entire world trading system under unilateral US control, removing any minimal element of multilateral negotiation from it.
If the U.S. cannot succeed in slowing China’s economy, then it can only decrease China’s lead in growth rate by increasing the percentage of net fixed capital formation in the U.S. economy.
Afin de donner un sens à ces évolutions, il est bien entendu nécessaire d’évaluer les conditions matérielles objectives qui les sous-tendent. Il est également nécessaire de comprendre les conditions subjectives fondamentales – l’état de conscience de masse – qui façonnent ces réalignements politiques.
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