Imperialism, China, and the World Economy
The Socialist Program with Brian Becker
00:00
The Chinese Challenge to the American Empire
"The Chinese are not a private capitalist economy," he says. "They are not an economy based on private enterprises in which a small group of employers funded by mega shareholders run the show." China isn't a Soviet Union either, but it is a hybrid model that mixes together state-owned and operated enterprises with some private firms. That's where the world is going, politically, culturally, as well as economically,. And that movement of the whole world is in the end, the most profound challenge to the American Empire and the American system that it has ever encountered", Obama adds.
Transcript
Play full episode
