Professor analyzes impact of class and capitalism on global economy
February 15, 2010
Professor of Economics and Director of the Political Economy Program Martin Hart-Landsberg offers an analysis of the economic ties between the United States and China in the February issue of Monthly Review.
In the article, “The U.S. Economy and China: Capitalism, Class, and Crisis,” Hart-Landsberg argues that the mainstream media and politicians are falsely blaming China and its trade policies for the collapse of American industry.
“My analysis reveals that it is capitalism—not competition between China and the United States—that is the source of our economic problems,” he writes. “Our challenge…is to…develop a strategy capable of both illuminating and contesting capitalism’s destructive logic—a task that puts U.S. workers in solidarity, rather than competition, with workers in China.”
For more economic analyses, read Hart-Landsberg’s blog, Reports from the Economic Front. Topics of his recent posts range from the history of U.S. tax rates to the Supreme Court’s recent controversial decision in the Citizens United v. Federal Election Commission case.