At present, Chinese banks are harshly restricting the outflow of funds. This is undoubtedly sending a dangerous signal that China’s banking system may be facing a serious shortage of funds.
Despite its bureaucratic deformations, the Chinese Revolution offers a glimpse of what a planned economy can achieve once the American working class takes power.
While some on the left have celebrated China’s ambitions as a counterweight to the United States, capitalism has been restored in China, and today it has all the features of a rising imperialist power.
Written in 1916, in the middle of the First World War, Lenin’s Imperialism, the Highest Stage of Capitalism is an essential work for understanding the phenomena of war and imperialism today.
It has been over two months since the Northern Alliance—which is made up of armed ethnic organizations and the armed wing of the Burmese Communist Party—launched “Operation 1027” in northern Shan State in Burma.
Against the backdrop of economic crisis, brutal dictatorship, war, and a lack of leadership, the Burmese working class is facing conditions that once again push them towards struggle.
Soaring unemployment and a rapid decline in consumption have debunked the ruling regime’s fraudulent claims of a “strong economic recovery” in China.
Since the start of the pandemic, Singapore has seen an unprecedented level of capital inflow. The capitalists sense the coming economic crisis and are betting big on Singapore to be a safe harbor.
With the rise of China, Russia taking an increasingly defiant stance internationally, and the US unable to intervene militarily on a large scale, the world policeman’s stick doesn’t carry the weight it once did.
A bankruptcy crisis is looming over the world. The New York Times has called it “a debt crisis unlike anything we have seen.”
Is it a nuclear-armed stealth drone? A killer robot? Or a cyber attack that steals your savings? The truth is far more terrifying: a balloon from China!
Recent protests in China against the regime’s harsh COVID-19 lockdown measures have further exposed the instability of the capitalist regime.
