[Opinion] China: A New Imperialist Capitalist Power – Rebelion · Global Voices

The book begins by stating (convincingly, in my opinion) that “the China of the 21st century is capitalist” [p. 11]. The authors show that the economy is governed by the pursuit of profit: In a wide range of sectors, it is clear that it is the production of goods for profit that governs the economy, and not production to meet human needs... Goods such as food, housing, education, health, transportation, and free and social time are not provided …

China in Global Capitalism (by Eli Friedman, Kevin Lin, Rosa Liu and Ashley Smith, at Haymarket Books, 2024) is an excellent introduction to China today. It examines the nature of Chinese society and the reasons for the growing conflict between China and the United States. The book begins by stating (convincingly, in my opinion) that "China of the 21st century is capitalist" [p. 11].