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How China became the world's industrial superpower - and why the US is desperate to stop it

Geopolitical Economy Report

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The Irony of Chinese Socialism

Chinese socialism has been so effective that it's basically forcing the US to implement socialistic policies, says Julian Zelizer. The golden era of capitalism in the 50s, 60s and 70s when unions were very strong was a result of an agreement between capital and labor: prosperity for workers but no socialist revolution. Today we still see a kind of zombie neoliberalism; at least that's what the Democrats claim they want, although they're not actually implementing it.

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