China played a major role in the global recovery from the two thousand eight financial crisis, but you write that it was a major cause of that crisis. How did the provisional resolution of the crisis of the 19 seventies create the balances that ultimately pave the way for the two thousand a rash? The problem of over production and over accumulation actually got because of entering of the productive capacity of asia and china and large part of the glob itself.
The second of our two-part interview with sociologist Ho-fung Hung on Chinese political and economic history. This episode covers the 2008 financial crisis, how China’s response deepened global and domestic economic imbalances and (alongside the US) heightened geopolitical conflict, the current situation—including Russia’s invasion—and a lot more. Listen to part one first if you haven't already.
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