What is China's future? Economic decline, or the next industrial revolution?

Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss what is actually happening in China's economy, explaining its technological development and transition toward a new industrial revolution.

|| Geopolitical Economy Report ||

[treesa]

18:40 Michael Hudson every time I hear you I get absolutely vital information worded in a way I can teach my young niece and nephews!! Thank you!!

[ahagamama]

It seems to me that a country that has succeeded in the way that China has in recent decades, is to be commended! A government that has kept its corporate oligarchs in check and protected the common people from poverty is commendable and all countries ought to respect and learn from China!

[troywalkertheprogressivean]

3:33 there is no accusation america can make, that america is not also guilty of.

[mithocondriaaa]

Mick Dunford is difficult to forget, yall good job as always!

[brianliew]

Why worry about China? What the world should worry is how the US is going to pay its debts especially those owed to foreign nations.

[dwwd-ex]

Thank you, the three most intelligent, expertized, and knowing China better than anybody else, for the most valuable analysis on China's economy as well as its future.

[XiaoxiaoYuyu-uggy]

China's exports saw an unexpected increase in the first two months of 2024, official figures showed on Thursday. The General Administration of Customs said exports rose by 7.1% In January and February combined, reaching a trade surplus of $125 billion (€114.7 billion).

[pleiadesstarr]

I'm seeing more industrialization of China not less. It's natural progression of any developing country.

[IHZALewis]

China is the proficient industrialized economy the world has ever seen.

[maggiema]

This is what happens when the government actual work for its people and care for its country’s future, poverty elevation the world has ever seen, the most modern infrastructure, the high tech industry revolution, the responsibility for environment, I am so happy I live in this remarkable country. Thank you !

[jeffery-rl]

Very informative and systematic presentations. ❤❤❤❤

[dannydenison]

The US paying double per person and having worst outcomes in healthcare makes the GDP Look great

[krisinmcirvin]

4 out of 5 of China’s banks are in the top 5 of strong banks…. All are state owned! ❤

[MarcoPolo-hnor]

China is so lucky to have you guys speak up for them ❤. Excellent discussion 👏👏👏👏

[gift]

I'm a huge Dr. Desai and Dr. Hudson fangirl! I am so grateful they exist, Ben has brought them to us, they so graciously and selflessly share their knowledge and wisdom!

[hc]

As a Chinese person I think we are born with an innate understanding (read: mistrust) of property speculation. Of course we won't pass up the chance of making a quick buck, but deep down when things go wrong, we know what to do: ROLL UP OUR SLEEVES and do real work - work in a factory, or provide a service, or cook meals, or grow something on the land, or build a road, etc. The real advantage of China is a leadership that has retained that kind of grassroot wisdom, and a political system that gives that leadership room to manouvre in that direction without disturbing too badly people's sensibilities about rights and freedoms.

[DMGrass-gbkg]

Thank you! Always a wealth of knowledge from these folks.

[jojored]

China's future is bright, China has a longer-term plan and a united people!

[JoseLopez-ysoz]

Sovereignty is substantively more in the hands of Chinese citizens, than it is for United States (US) citizens. That is, because the state must be strong in order to prevent oligarchs from destroying the nation’s democracy. The state controls capital in China. That has allowed China to eradicate her poverty by 2020, despite having 4 times the US’ population. China is purpose driven to serve her citizens. Capital, however, controls the state in the US. That is why 9 of the 10 richest men in the world are US citizens, while 38 million Americans still live today in poverty. The US is profit driven for the benefit of its oligarch, and not driven to serve its citizens. 90% of Chinese are satisfied with their government, because the nation’s sovereignty lies in their hands. Conversely, only 33% of US citizens are satisfied with our government, because our nation’s sovereignty has been hijacked by oligarchs. The US hates China, because she refuses to allow US oligarchs to exploit the Chinese. Democracy is not for exploiting people!

[Sinistro]

Thank you Professors Desai, Hudson and Dunford for this comprehensive insight on China's economy dynamics. Looking forward for the next episode✊🏼