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How the West ‘sanctions’ China
PRABHAT PATNAIK looks at how China has become a global competitor to be thwarted at all costs
AHEAD OF THE WEST: China Energy Engineering Corporation project, 2022

MANY economists these days talk of a process of “de-globalisation” taking place; some others talk of the neoliberal regime of yesteryear no longer existing.

Of course, nothing remains the same forever: as the Greek philosopher Heraclitus said, “you cannot step into the same river twice.” Some change in the neoliberal order is inevitable with the passage of time.

But the real point is: has the analytical frame used for understanding the economic reality of the contemporary world, with a view to changing it, become obsolete and hence in need of serious revision?

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