The Great Readjustment
China, the Rise of the Far Right, and the Radical Restructuring of Global Capitalism
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PDF VERSION OF “THE GREAT RESET”
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After decades of neoliberal globalization, global capitalism has entered a new and turbulent phase. The rise of China and other emerging capitalist powers has irreversibly altered the international hierarchy that prevailed until now. Driven by these new rivals, the old Western powers—led by the United States—are forced to undertake a Great Strategic Readjustment.
To maintain their international competitiveness, the Western bourgeoisie is seeking to dismantle what remains of the so-called welfare state. The assault on social rights is neither a mistake nor a deviation from the system. It is a deliberate plan. Repression is being normalized while new authoritarian right-wing movements are being encouraged.
Against reformist illusions that present capitalist multipolarity as an emancipatory alternative, this book offers a materialist economic analysis of the direction in which the new global distribution of power is moving. Not everything that weakens “the West” necessarily strengthens popular classes. Imperialism can no longer be reduced to a single flag.