The Rise of China and the Potential for East Asian Collapse
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This chapter looks into the rise of China and the potential for East Asian collapse. China’s steady growth and real, as opposed to financial wealth acquisition, is shaking the foundations of American empire. The possibility of a transition to a different plateau of balance of forces globally is receiving tremendous attention in the mainstream literature. There are two theoretical points one can rely on in investigating the implications of China’s ascent. First, no such transition under capitalism can occur without violence, ranging from proxy wars to immediate confrontation. Second, it is only the strength of an anti-war working class alliance in EA, China and across the globe that could temper the degree of violence. Violence may drain the resources of East Asia sapping its past developmental achievements. I conclude with a summary of the relevant theoretical points encountered in this work.
KeywordsChinese development Global imbalances Economic transitions Imperialism War economy
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