Skip to main content
Advertise Buy the paper Contact us Shop Subscribe Support us
How the West ‘sanctions’ China
PRABHAT PATNAIK looks at how China has become a global competitor to be thwarted at all costs

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?

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Features / 4 October 2024
4 October 2024
PRABHAT PATNAIK on how the military governments of Mali, Niger and Burkina Faso are securing control of their natural resources — a key priority for any truly independent state
Features / 2 September 2024
2 September 2024
In Ukraine recently, Volodymyr Zelensky urged visiting Indian leader Narendra Modi to join Western sanctions against Russia. PRABHAT PATNAIK takes a look at the whole issue of unilateral sanctions and why they can never be justified
Features / 12 January 2024
12 January 2024
President Javier Milei's push for dollarisation is a class attack on workers, exacerbating the economic crisis. These neofascist measures are quickly revealing the failure of neoliberalism rather than socialism, writes PRABHAT PATNAIK
Features / 4 September 2022
4 September 2022
In the past, the Western ruling class has sought to manage inflation by ensuring that rising prices are not matched by growing salaries — but the global environment and domestic resistance from the organised working class are making this difficult, writes PRABHAT PATNAIK
Similar stories
Features / 21 September 2024
21 September 2024
NISAR AHMED analyses the likely course of events under the interim regime of Muhammad Yunus, with progressive forces attempting to ensure genuine national sovereignty, but where internal or external military intervention remain distinct possibilities
Features / 13 September 2024
13 September 2024
ROGER McKENZIE explores how the political economist’s work on geopolitical economics and involvement with the International Manifesto Group offer crucial insights into global power shifts as US hegemony fades
Eyes Left / 17 April 2024
17 April 2024
The rising price of gold is a good indicator that, despite the protestations of Western leaders, we are heading towards a bigger, wider war. Closing our eyes and focusing on domestic issues is not an option, warns ANDREW MURRAY
Features / 18 March 2024
18 March 2024
Dependency theory reveals the ‘hidden skeleton’ underpinning capitalism today, writes the MARX MEMORIAL LIBRARY