Global Capitalism: The Challenge of China [July 2021]

CA 9+ Global Capitalism: The Challenge of China [July 2021] 161,307 views Premiered Jul 14, 2021 11K 309 Share Save Democracy At Work 246K subscribers The Challenge of China [July 2021] In this month's lecture, Prof. Wolff will discuss the following: 1. China’s Economic Growth since its Revolution (1949) 2. China’s Economic “Model” and the Global Economy 3. China, Capitalism, and Socialism 4. China versus the US: Options versus Threats *GCLEU is a@Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/gcleu. Your contributions help keep this content free and accessible to all. 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Learn about joining our translation team: http://bit.ly/2J2uIHH 1,814 Comments Auggie Giuseppe Add a public comment... Auggie Giuseppe Auggie Giuseppe 3 weeks ago Dem. at. Work is most Informative. Qusi Asan Qusi Asan 3 weeks ago Watch from mainland China,respect this wise man. Cannot believe this kind of wise man exists in the USA. 400 Michael L Michael L 3 weeks ago "No one is stealing anything from you, this is a deal...take it or leave it" Exactly. Prof. Wolf truly understands how China works. A big salute to you. 562 Steve Vettraino Steve Vettraino 3 weeks ago (edited) It's amazing that the Chinese Communist Party were able to devise and implement a vision that wouldn't be realized for many decades, and in so doing lifted more people out of poverty than probably any other time in human history. Anyone who claims socialism or communism has never succeeded needs a history lesson by Dr. Wolff. 294 KARW37 KARW37 3 weeks ago Too bad many Americans don’t seem to have had sufficient public education that would teach critical thinking skills sufficient to understand this. 502 tc tc 3 weeks ago The Prof is absolutely correct in his analysis on China's success. The Banana Republic of America (BRA) was perfectly happy to exploit the slave labour of the Chinese population for 40 years to provide American companies wildly obscene profits over the same period. Nobody was concerned about the terrible working conditions the Chinese had to bear to ensure the sustained profitability of those companies. As the Prof rightly pointed out, the Chinese were prepared to endure those conditions in exchange for the agreed upon transfer of technology to them in the process. That was the deal. For the BRA to now allege and accuse the Chinese of having ""stolen" technology from the west , in addition to using slave Uyghur labour etc etc, is nothing short of confirming what a cheap bunch of politicians that the BRA has running the country. Absolutely no shame and no self pride at all. That's why it is the Banana Republic that it is. Trash. 573 Xiaopeng Zong Xiaopeng Zong 3 weeks ago China does have democratic workplaces at the village level. Most of the farm lands are owned by whole village and managed by the farmers themselves democratically. 295 Inside China Inside China 3 weeks ago i wish most the Americans can have such insight like you, then we will have a world in peace and prospect 195 cs cs cs cs 3 weeks ago Honest, informative and unbiased analysis. 154 Progressive Geek Progressive Geek 2 weeks ago Biden promised his buyers that nothing will fundamentally change. So far, that is one promise Biden has kept. 14 Hemu G Hemu G 2 weeks ago It's great to see an honest man, continue telling the truth, when the whole world is lying or at least believing a lie 19 Joseph Zou Joseph Zou 3 weeks ago We do hope Professor Wolff's voice will be heard by more Americans. 64 Mike Bai Mike Bai 3 weeks ago Cooperation between the US and China will build a better world. 20 Muuh Propertyyy Muuh Propertyyy 3 weeks ago The rest of the world needs a stronger media than the west and they need to unite against neoliberalism. 99 Tom Pra Tom Pra 3 weeks ago Most perfect and honest discussion on China I’ve seen. Hit all the points I wanted to hear. Thank you Prof. Wolff! 74 K Z K Z 2 weeks ago This is why during the 100 anniversary celebration of CCP, all the party members song the “The Internationale””. What a great singing I have ever heard! 32 hsw Xx hsw Xx 3 weeks ago Actually this is Common sense for many Chinese people, still educational. 130 musicboxforever musicboxforever 2 weeks ago Thank you, Richard, for understanding the history... it is not the intention for Chinese to be the super power, people just want to work and have a better life, and never be threatened again. 22 - RallyGC8 - - RallyGC8 - 3 weeks ago Prof. Wolf, never stop representing the proletariat ✊ You bring hope that Americans will one day, wake up and reject capitalism! 379 Pk Pk 3 weeks ago (edited) Great presentation and portrayal of China's rise from abject poverty and following the humiliation by western powers and Japanese invasions ! 144 Jamie Scholl Jamie Scholl 3 weeks ago We need a Wolff in Australia... 381 Lisa YODER Lisa YODER 3 weeks ago (edited) I am always amazed that the way dr Wolff explains things, it actually makes sense, easy sense! But the ways that our leaders and status-quo-loving MSM’s attempt to explain everything is an exercise in creating a brain-twisting headache! All to make sure that they keep the sensible parts out and their backdoor way to all the riches intact. 141 Richard Whitehouse Richard Whitehouse 3 weeks ago Dear Prof Wolff. I wish to thank you. I started trying to understand the US political system just after Trump got elected, largely in order to understand how it was possible that he got elected. Shortly after that I started learning about China, in order to understand why it was that one company, Huawei (who I'd never hear of) could pose such an existential threat to the US. And my journey over the last four and a bit years has taken me down quite a few alleys, some of which were dead ends. You were one of the people that I latched on to who made me understand some basic truths about the US/China relationship, which has proved enormously helpful in guiding me through the morass of misinformation which the US media churns out about the middle kingdom. It is surprising and depressing the extent to which the US feels the need to bolster itself at the expense of others and just how pervasive this is. In your presentation tonight I take issue with only one small thing. I heard a clip recently from a speech given by Hilary Clinton in 2009 when she was Secretary of State under Obama. in which she explains that China's economic rise makes it a de facto enemy of the US. To be fair to you this does fit in with your post-2008 analysis but I bring it up merely to demonstrate that although Trump was particularly toxic towards China, the sentiment goes back way before him. I really, really hope that somehow your final thoughts about co-operation can be achieved because otherwise the consequences are too horrible to contemplate. 16 billy y billy y 3 weeks ago We are very fortunate to have people like Mr. Wolff to inform us with this very balanced and knowledgeable information as always, sadly it's only a small fraction space that allows his and a few others to trickle the information to the public, as the main media just to sensationalism any news for the $$$$ and their personal views ONLY! 67 denisT denisT 3 weeks ago American leadership is locked in a we win/you lose, self-pontification, demonize the adversaries mentality and cannot/will not change, until it blows up. Sad. Cooperation would be much better. But that requires wisdom and humility. 29 Desiree Varga Desiree Varga 3 weeks ago Another great lecture by Prof. Wolff. Unfortunately, the rich hide behind anonymity where they are not held to account for their actions of rapacious greed and destruction of humanity. 102 Paul Yih Sr. Paul Yih Sr. 3 weeks ago Americans have overly abused their use of "Human rights" and "democracy" -- and they will have to bear those consequences soon -- China will show the world the future of a real ECONOMOCRACY !!!!!! With fundamental economic as the base, sharing more economically -- then the real democracy will come when the nation's fully educated with literacy on and about economy and representative government ..... 29 Tim C Tim C 3 weeks ago Prof Wolff is one of my “must hear” speakers on internet and this is another brilliant piece of work. One factual point regarding China’s receiving foreign aid. The most important help China received was in 1950s from the Soviet Union before the relationship went sour: the so called 156 large projects which included mostly heavy industrial projects. These have fundamentally converted China from an agricultural economy to an industrial economy, andlaid a critical foundation for the economic take off after the economic reforms initiated by Deng and his colleagues in 1978. Today China is the only country which possesses every economic sector classified by the UN’s Standard Industrial Classification code.