Group items tagged

Shareholders and CEOs are provided with ‘protection’ or ‘compensation’ rather than being made to face the downsides of the risk supposedly inherent in investment.

bailouts without structural change keep us on the path of ever-increasing losses for the public just to sustain the basics of life, while maintaining a failed market system which is not only generating crises but limiting responses to them

If the ideology of “cultural appropriation” were correct, it would mean that traditionally white-dominated philosophy departments have been entirely right in their long avoidance and ignoring of non-Western philosophy. It would mean white people shouldn’t be studying the philosophies that “belong to” people from other cultures. They shouldn’t be “taking” and “appropriating” this property, they should stay in their lanes and remain as narrow and parochial and hidebound and Eurocentric as they always have been. The idea of cultural appropriation effectively tells white people to be more Eurocentric – to drop even that far-too-limited exploration of other cultures that they have already engaged in. Intellectual diversity, learning from other cultures and their ideas, is – according to cultural-appropriation ideology – a bad thing. The ideology of cultural appropriation is a way of telling white people to make their culture even whiter.

Cultures are not property.

if the appropriators are in a position of geopolitical/cultural dominance or hegemony, they may greatly alter the nature, form etc of those aspects of culture for the originating communities themselves. Such influence can show up as coercion under many circumstances, thereby interfering in problematic ways with the (dynamic) capacity of the originating communities for cultural reproduction

it is problematic when appropriation is facile – such as using the bindi without interest in or knowledge about what it means and its history in the originating communities

I do think respect for others’ sacredness can be a helpful norm in cultural interaction – though I would agree that exceptions must be made for the likes of art and comedy

concerning your point about the neoliberal conception of knowledge, an eye-opening moment for me was when I asked whether we can agree that knowledge is a common quest (therefore, it is empowered when it is shared) and not a treasure (which can only diminish). The reply was: it is a treasure. This kind of feeling generates the anxiety which then leads to thinking that cultural appropriation is a crime

If one is left with a nagging sense of a debt unpaid, perhaps that’s the way to look: to the moral challenges that now arise

he has one of the most hard-nosed answers to liberalism. He insists upon understanding politics as a distinction between friend and foe, friend and enemy. He insists that legal orders have real foundations in space and in power, in the taking of a territory, fundamentally. That they therefore have limits and necessarily have limits, that they define insiders and outsiders. That structures which are truly comprehensive threatened to emerge in the course of the 20th century

properly understood liberalism clearly isn't premised on the absence of the state, its premised on a well-ordered set of relationships between individuals, the law and various types of representation. That structure is not necessarily robust if economic power becomes monolithic. There are ways of taming that by way of corporatism, in which you have an organized representation of economic interests. But you can also imagine systems in which it can become a sort of destructive set of flywheels of extremely explosive dynamics of gigantic interest groups contending with each other more or less in an unmediated direct form interest on interest.

a clash within the one-party state of different interests, of agglomerations of technology and capital, of different party factions

It's quite difficult to describe the Chinese regime in categories that are at all familiar without reducing it hopelessly and just failing to recognize its complexity

This sort of apocalyptic thinking of a history that's going to end with some sort of big bang, or some terrible ghastly discreditable whimper, rather than just facing up to reality in which the world is different and America's position is not what it was in 1945. Which is not after all the end of the world.

there are deeply intelligent, obviously brilliant political and legal theorists working in China, trying to articulate and make sense of the logic of this emerging power. One of the sources that they go to – and this has emerged from the tireless work of many translators of recent Chinese political writing and international relations thought is -- is a German political and legal theorist called Carl Schmitt.

what does monopoly do and what do oligopolistic structures do to the domestic political structure?

you can immediately see why Chinese scholars seized on precisely this logic for thinking through the emergence of Chinese power in the context of what they would diagnose as American empire

they also see in Schmitt a theorist of China's own potential empire, a zone of influence and power that would create its own structures of incorporation, its own norms. Given from China, defined by China, set and ultimately rooted in Chinese power, radiating out from East Asia, encompassing other states.

“One Nation, Two Systems” was precisely a kind of Schmittian vision of an overarching Chinese empire, with the pluralism that's contained within that. Safely contained with the acknowledgement that this is about China, under the leadership and the hegemony of the CCP, tolerating two systems. Of course, that isn't what we're seeing

It seems to me that there could be a horrifying originality to what they're doing. After all the tech dimension of what China's able to do now in terms of surveillance is beyond the wildest dreams of any previous authoritarian regime.

It too easily slides out of consciousness that the Chinese regime undertook what Foucauldians would call one of the most grotesque, grandiose, and very violent political experiments in history, the one-child policy. It pursued that towards the Han population. That it’s then also capable of taking those kinds of techniques and applying them to resistant population like the Uighurs or Tibetans or the Mongolians, I don't think it’s surprising. It's the same toolkit. In the eighties, it was ferocious in its intrusiveness, monitoring women's menstrual cycles, forced abortions. This stands alone. No one's ever done that before on that scale. It’s quite mind-blowing and too easily consigned to the history books.

Perhaps the common denominator is simply control and this being a matter of the highest possible political stakes. Not to be able to control this virus would be a far more serious blow to the prestige and legitimacy of a regime which has those kinds of pretensions than it is to the Trump administration in the U.S., which in the end just shrugs

We were fought to a stalemate in Korea. Vietnam was a debacle. And one of the key anchors of the ultimate demise of Soviet Union is, after all, an alliance with China. And in 1989 at the moment, as it were, where the chips are falling and the Warsaw pact is disintegrating in Eastern Europe, we have Tiananmen Square, the Communist Party basically giving notice that this regime change will not extend to them.

I think that ought to force us to reconsider this notion that the Cold War ended with us winning as it did in Europe. It didn't in Asia, and Korea feels the force of that, Japan feels the force of that, and the United States is now coming to terms with it too.

The Orientalist eye, it seems, is keen to imbue the landscape with greater enigmatic significance - and Parris concludes his street-corner musings with the melodramatic lines: “Everywhere the concrete was gashed with black mould. But that’s how concrete does stain, in the rain. Visitors to Beirut must learn to love the stains.”

Parris’ foray into the realm of Orientalist lecture would appear to be relatively benign compared to those of contemporaries such as, say, the British travel writer who penned “Boobs, Botox and the Babes of Beirut” - in which we learn that “in Lebanon the women look like Cleopatra” but that plastic surgery fiascos can result in a situation in which “some look as if a drunken Picasso has drawn a face on to a balloon”.

Thomas Friedman’s determinations that Israel’s bombing of Lebanese civilians is “logical”, that Palestinians are “gripped by a collective madness”, or that Iraqis need to “suck on this”.

the West’s ongoing addiction to Orientalism

Nowadays, there are increasing efforts among reductionist Orientalist circles to market Beirut as the resurgent “Paris of the Middle East”, a glamorous hub of hedonism boasting all manner of extravagant money-spending opportunities - yet one that still retains the requisite exotic elements, such as the ever-astounding coexistence of miniskirts and hijabs, Hezbollah and billboard lingerie ads. 

the glorification of elite excess and materialism directly serves the interests of a global neoliberal order predicated on obscene socioeconomic inequality

Andrew Carnegie, the famed American industrialist, who advocated that people be as aggressive as possible in their pursuit of wealth and then give it back through private philanthropy

“the poor might not need so much help had they been better paid.”

Among the denizens of MarketWorld are so-called “thought leaders,” the speakers who populate the conference circuit, like TED, PopTech and, of course, the Clinton Global Initiative. (When you pause to think about it, “thought leader” is appallingly Orwellian.)

“MarketWorld.” In essence, this is the cultlike belief that intractable social problems can be solved in market-friendly ways that result in “win-wins” for everyone involved, and that those who have succeeded under the status quo are also those best equipped to fix the world’s problems.

Giridharadas argues that the rise of thought leaders, whose views are sanctioned and sanitized by their patrons — the big corporations that support conferences — has come at the expense of public intellectuals, who are willing to voice controversial arguments that shake up the system and don’t have easy solutions. Thought leaders, on the other hand, always offer a small but actionable “tweak,” one that makes conference-goers feel like they’ve learned something but that doesn’t actually threaten anyone.

giving MarketWorld what it craved in a thinker: a way of framing a problem that made it about giving bits of power to those who lack it without taking power away from those who hold it

In a nod to Wilde, he argues that the person who “seeks to ‘change the world’ by doing what can be done within a bad system, but who is relatively silent about that system” is “putting himself in the difficult moral position of the kindhearted slave master.”

He’s come to big conclusions: that MarketWorld, along with its philosophical antecedents, like Carnegie-ism and neoliberalism (which anthropologist David Harvey defines as the idea that “human well being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong property rights, free markets and free trade”), has been an abject failure

His key idea is to reinvigorate governments, which he believes could fix the world’s problems if they just had enough power and money. For readers who are cynical about the private sector but also versed enough in history to be cynical about governments, the book would have been more powerful if Giridharadas had stayed within his definition of an old-school public intellectual: someone who is willing to throw bombs at the current state of affairs, but lacks the arrogance and self-righteousness that comes with believing you have the solution

The freer global capital becomes, the harder national borders become. Colonialism needed to move large populations of people—slaves and indentured labor—to work in mines and on plantations. Now the new dispensation needs to keep people in place and move the money—so the new formula is free capital, caged labor. How else are you going to drive down wages and increase profit margins? Profit is the only constant.

The assertion of ethnicity, race, caste, nationalism, sub-nationalism, patriarchy, and all kinds of identity, by exploiters as well as the exploited, has a lot—but of course not everything—to do with laying collective claim to resources (water, land, jobs, money) that are fast disappearing

So many kinds of entrenched and unrecognized colonialisms still exist. Aren’t we letting them off the hook? Even “Indian English fiction” is, on the face of it, a pretty obvious category. But what does it really mean? The boundaries of the country we call India were arbitrarily drawn by the British. What is “Indian English”? Is it different from Pakistani English or Bangladeshi English? Kashmiri English? There are 780 languages in India, 22 of them formally “recognized.” Most of our Englishes are informed by our familiarity with one or more of those languages. Hindi, Telugu, and Malayalam speakers, for example, speak English differently.

In the Obama years, you had to ferret out information and piece it together to figure out how many bombs were being dropped and how many people were being killed, even as the acceptance speech for the Nobel Peace Prize was being eloquently delivered. However differently their domestic politics plays out on home turf, it is a truism that the Democrats’ foreign policy has tended to be as aggressive as that of the Republicans. But since 9/11, between Bush and Obama, how many countries have been virtually laid to waste?

I don’t think in some of the categories in which your question is posed to me. For example, I don’t understand what a “global” novel is. I think of both my novels as so very, very local. I am surprised by how easily they have traveled across cultures and languages. Both have been translated into more than forty languages—but does that make them “global” or just universal?

I wonder about the term postcolonial. I have often used it, too, but is colonialism really post-?

You once wrote that George W. Bush “achieved what writers, scholars, and activists have striven to achieve for decades. He has exposed the ducts. He has placed on full public view the working parts, the nuts and bolts of the apocalyptic apparatus of the American empire.” What did you mean by this, and ten years and two presidents later, is the American empire’s apocalyptic nature still so transparent?

In India today, storytelling is being policed not only by the state, but also by religious fanatics, caste groups, vigilantes, and mobs that enjoy political protection, who burn cinema halls, who force writers to withdraw their novels, who assassinate journalists. This violent form of censorship is becoming an accepted mode of political mobilization and constituency building. Literature, cinema, and art are being treated as though they are policy statements or bills waiting to be passed in Parliament that must live up to every self-appointed stakeholders’ idea of how they, their community, their history, or their country must be represented.

I recently saw a Malayalam film in the progressive state of Kerala called Abrahaminde Santhathikal (The Sons of Abraham). The vicious, idiot-criminal villains were all black Africans. Given that there is no community of Africans in Kerala, they had to be imported into a piece of fiction in order for this racism to be played out! We can’t pin the blame for this kind of thing on the state. This is society. This is people. Artists, filmmakers, actors, writers—South Indians who are mocked by North Indians for their dark skins in turn humiliating Africans for the very same reason. Mind-bending.

we are buying more weapons from Europe and the United States than almost anyone else. So, India, which has the largest population of malnutritioned children in the world, where hundreds of thousands of debt-ridden farmers and farm laborers have committed suicide, where it is safer to be a cow than it is to be a woman, is still being celebrated as one of the fastest growing economies in the world.

The word “empire” has often been invoked as a uniquely European and U.S. problem. Do you see India and other postcolonial nations as adapting older forms of empire in new geopolitical clothing?

How can we think of empire now in the Global South, especially at a time when postcolonial nations are emulating the moral calculus of their old colonial masters?

India transformed from colony to imperial power virtually overnight. There has not been a day since the British left India in August 1947 that the Indian army and paramilitary have not been deployed within the country’s borders against its “own people”: Mizoram, Manipur, Nagaland, Assam, Kashmir, Jammu, Hyderabad, Goa, Punjab, Bengal, and now Chhattisgarh, Orissa, Jharkhand. The dead number in the tens or perhaps hundreds of thousands. Who are these dangerous citizens who need to be held down with military might? They are indigenous people, Christians, Muslims, Sikhs, communists. The pattern that emerges is telling. What it shows quite clearly is an “upper”-caste Hindu state that views everyone else as an enemy. There are many who see Hinduism itself as a form of colonialism—the rule of Aryans over Dravidians and other indigenous peoples whose histories have been erased and whose deposed rulers have been turned into the vanquished demons and asuras of Hindu mythology. The stories of these battles continue to live on in hundreds of folktales and local village festivals in which Hinduism’s “demons” are other peoples’ deities. That is why I am uncomfortable with the word postcolonialism.

When you think about the grandeur of the civil rights movement in the United States, the anti–Vietnam War protests, it makes you wonder whether real protest is even possible any more. It is. It surely is. I was in Gothenburg, Sweden, recently, when the largest Nazi march since World War II took place. The Nazis were outnumbered by anti-Nazi demonstrators, including the ferocious Antifa, by more than ten to one. In Kashmir, unarmed villagers face down army bullets. In Bastar, in Central India, the armed struggle by the poorest people in the world has stopped some of the richest corporations in their tracks. It is important to salute people’s victories, even if they don’t always get reported on TV. At least the ones we know about. Making people feel helpless, powerless, and hopeless is part of the propaganda.

I think we all need to become seriously mutinous

We fool ourselves into believing that the change we want will come with fresh elections and a new president or prime minister at the helm of the same old system. Of course, it is important to bounce the old bastards out of office and bounce new ones in, but that can’t be the only bucket into which we pour our passion

as long as we continue to view the planet as an endless “resource,” as long as we uphold the rights of individuals and corporations to amass infinite wealth while others go hungry, as long as we continue to believe that governments do not have the responsibility to feed, clothe, house, and educate everyone—all our talk is mere posturing.

In certain situations, preaching nonviolence can be a kind of violence. Also, it is the kind of terminology that dovetails beautifully with the “human rights” discourse in which, from an exalted position of faux neutrality, politics, morality, and justice can be airbrushed out of the picture, all parties can be declared human rights offenders, and the status quo can be maintained.

How might we challenge dominant voices, such as Niall Ferguson, who put so much faith in thinking with the grain of empire? On the flipside, how might we speak to liberals who put their faith in American empire’s militarism in a post–9/11 era? Do you see any way out of the current grip of imperial thinking?

The “managed populations” don’t necessarily think from Ferguson’s managerial perspective. What the managers see as stability, the managed see as violence upon themselves. It is not stability that underpins empire. It is violence. And I don’t just mean wars in which humans fight humans. I also mean the psychotic violence against our dying planet.

I don’t believe that the current supporters of empire are supporters of empire in general. They support the American empire. In truth, captalism is the new empire. Capitalism run by white capitalists. Perhaps a Chinese empire or an Iranian empire or an African empire would not inspire the same warm feelings? “Imperial thinking,” as you call it, arises in the hearts of those who are happy to benefit from it. It is resisted by those who are not. And those who do not wish to be.

Empire is not just an idea. It is a kind of momentum. An impetus to dominate that contains within its circuitry the inevitability of overreach and self-destruction. When the tide changes, and a new empire rises, the managers will change, too. As will the rhetoric of the old managers. And then we will have new managers, with new rhetoric. And there will be new populations who rise up and refuse to be managed.

In chapter 7 of Imperialism, the Highest Stage of Capitalism, Lenin defined the five “basic features” of imperialism: (1) the concentration of production and capital developed to such a high stage that it created monopolies which play a decisive role in economic life; (2) the merging of banking capital with industrial capital, and the creation, on the basis of this “finance capital,” of a financial oligarchy; (3) the export of capital as distinguished from the export of commodities acquires exceptional importance; (4) the formation of international monopolist capitalist associations which share the world among themselves, and (5) the territorial division of the whole world among the biggest capitalist powers is completed.8

Marxist theories of imperialism (or concepts of imperialism inspired by the Marxist tradition) that evolved after the mid–twentieth century typically defined imperialism as a relationship of economic exploitation leading to unequal distribution of wealth and power on a global scale.9

In chapter 8 of Imperialism, Lenin further argued that export of capital was “one of the most essential bases of imperialism” because it allowed the imperialist countries to “live by exploiting the labour of several overseas countries and colonies.” The superprofits exploited from the colonies in turn could be used to buy off the “upper stratum” of the working class who would become the social base of opportunism in the working-class movement: “Imperialism means the partition of the world, and the exploitation of other countries besides China, which means high monopoly profits for a handful of very rich countries, creating the economic possibility of corrupting the upper strata of the proletariat.”14

imperialism must be a system where a small minority of the world population exploits the great majority. It cannot possibly be a system in which the majority exploits the minority.

From 2004 to 2018, China’s total foreign assets increased from $929 billion to $7.32 trillion. During the same period, China’s total foreign liabilities (that is, total foreign investment in China) increased from $693 billion to $5.19 trillion.16 This means China had a net investment position of $2.13 trillion at the end of 2018. That is, China has not only accumulated trillions of dollars of overseas assets but also become a large net creditor in the global capital market. This seems to support the argument that China is now exporting massive amounts of capital and therefore qualifies as an imperialist country.

Rather than “exploiting” the developed capitalist countries, such capital flight in fact transfers resources from China to the core of the capitalist world system.

while foreign investment in China is dominated by direct investment, an investment form consistent with the foreign capitalist attempt to exploit China’s cheap labor and natural resources, reserve assets account for the largest component of China’s overseas assets.

the United States and other developed capitalist countries simply do not have the production capacity to produce within a reasonable period of time the extra goods and services that may correspond to the more than three trillion dollars of foreign exchange reserves held by China

From the U.S. point of view, China’s accumulation of foreign exchange reserves (mostly in dollar-denominated assets) has essentially allowed it to “purchase” trillions of dollars’ worth of Chinese goods largely by printing money without providing any material goods in return. China’s reserve assets, rather than being a part of China’s imperialist wealth, essentially constitute China’s informal tribute to U.S. imperialism by paying for the latter’s “seigniorage privilege.”

An average rate of return of about 3 percent on China’s overseas investment obviously does not constitute “superprofits.” Moreover, foreign capitalists in China are able to make about twice as much profit as Chinese capital can make in the rest of the world on a given amount of investment.

China’s total stock of direct investment abroad in 2017 was $1.81 trillion, including $1.14 trillion invested in Asia (63 percent), $43 billion invested in Africa (2.4 percent), $111 billion invested in Europe (6.1 percent), $387 billion invested in Latin America and the Caribbean (21 percent), $87 billion invested in North America (4.8 percent), and $42 billion invested in Australia and New Zealand (2.3 percent).

China’s massive investments in Hong Kong, Macao, Singapore, Cayman Islands, and British Virgin Islands (altogether $1.41 trillion or 78 percent of China’s direct investment abroad) are obviously not intended to exploit abundant natural resources or labor in these cities or islands.

Much of the Chinese investment in these places may simply have to do with money laundering and capital flight

the structure of China’s overseas assets is very different from the structure of foreign assets in China. Out of China’s total overseas assets in 2018, 43 percent consists of reserve assets, 26 percent is direct investment abroad, 7 percent is portfolio investment abroad, and 24 percent is other investment (currency and deposits, loans, trade credits, and so on). By comparison, out of total foreign investment in China in 2018, 53 percent is foreign direct investment, 21 percent is foreign portfolio investment, and 26 percent is other investment.

about $158 billion (8.7 percent of China’s total stock of direct investment abroad or 2.2 percent of China’s total overseas assets) invested in Africa, Latin America, and the rest of Asia. This part of Chinese investment no doubt exploits the peoples in Asia, Africa, and Latin America of their labor and natural resources. But it is a small fraction of China’s total overseas investment and an almost negligible part of the enormous total wealth that Chinese capitalists have accumulated

Marxist theorists of imperialism already realized that, in the postcolonial era, imperial exploitation of underdeveloped countries mainly took the form of unequal exchange. That is, underdeveloped countries (peripheral capitalist countries) typically export commodities that embody comparatively more labor than the labor embodied in commodities exported by developed capitalist countries (imperialist countries). In the twenty-first century, global outsourcing by transnational corporations based on the massive wage differentials between workers in imperialist and peripheral countries may be seen as a special form of unequal exchange.22

if a country receives substantially more surplus value from the rest of the world than it transfers, then the country clearly qualifies as an imperialist country in the sense of being an exploiter country in the capitalist world system. On the other hand, if a country transfers substantially more surplus value to the imperialist countries than it receives from the transfer of the rest of the world, the country would be either a peripheral or a semi-peripheral member of the capitalist world system (depending on further study of the country’s position relative to other peripheral and semi-peripheral countries).

even if in the unlikely event that China turns out to be extremely successful in its effort to promote electric cars, it would at best replace no more than one-tenth of China’s current oil consumption.

Being a leading imperialist country, the United States benefits from its “seigniorage privilege.” Because of the other countries’ need to hold massive amounts of foreign exchange reserves in the form of dollar-denominated assets, the United States can “purchase” trillions of dollars of goods simply by printing money without providing material goods in return. The labor embodied in the U.S. “trade deficits” therefore should be treated essentially as unilateral transfers from the rest of the world and included in the unequal exchange.

Sources: “World Development Indicators,” World Bank, accessed May 31, 2021. Net labor transfer is defined as the difference between the total labor embodied in a country’s imported goods and services and the total labor embodied in the country’s exported goods and services. If the difference is positive, it constitutes a net labor gain; if negative, it constitutes a net labor loss.

in the neoliberal era, Chinese capitalism has functioned as a crucial pillar for the global capitalist economy by transferring surplus value produced by tens of millions of workers to the imperialist countries. At its peak, China’s net labor loss equaled 48 percent of China’s industrial labor force in 2007

Had there not been unequal exchange, the massive amounts of material goods currently supplied to the United States by the rest of the world would have to be produced through domestic production to maintain existing levels of U.S. material consumption. About sixty million workers (38 percent of the total U.S. labor force) would have to be withdrawn from service sectors and transferred to material production sectors. This would result in a massive reduction of services output (by about two-fifths of U.S. GDP) without raising levels of material consumption.

By 2015–17, while it would still take about five units of Chinese labor to exchange for one unit of U.S. labor and four units of Chinese labor to exchange for one unit of labor from other high-income countries, China had clearly established exploitative positions in South Asia and sub-Saharan Africa. One unit of Chinese labor can now be exchanged for about two units of labor from sub-Saharan Africa or four units of labor from South Asia. One unit of Chinese labor is roughly on a par with one unit of labor from the low- and middle-income countries of Latin America, Caribbean, Middle East, North Africa, Eastern Europe, and Central Asia. In addition, China has also established a significant advantage relative to other East Asian low- and middle-income countries.

The core countries specialize in quasi-monopolistic, high-profit production processes, and the peripheral countries specialize in highly competitive, low-profit production processes. Surplus value is transferred from the peripheral producers to the core producers, resulting in unequal exchange and concentration of world wealth in the core. By comparison, semi-peripheral countries have “a relatively even mix” of core-like and periphery-like production processes.23

From 1870 to 1970, the share of the world population that lived in countries with per capita GDP greater than 75 percent of the imperial standard varied between 10 percent (in 1950) and 17 percent (in 1913). This is a range consistent with the population share of “a handful of exceptionally rich and powerful states” suggested by Lenin.

reasonable to use 75 percent of the imperial standard as the approximate threshold between the core of the capitalist world system and the semi-periphery. It is important to note that this is only an approximate threshold and other important characteristics (such as state strength, degree of political and economic independence, technological sophistication, and so on) also need to be considered when deciding whether a country is a member of the core or simply has a core-like income level. For example, in 1970, among the wealthiest countries were rich oil exporters such as Qatar, Kuwait, United Arab Emirates, and Venezuela that clearly do not qualify as core countries.

From 1870 to 1970, the share of the world population that lived in countries with per capita GDP less than 25 percent of the imperial standard increased from 57 percent to 66 percent, suggesting widening global inequalities. I use 25 percent of the imperial standard as the approximate threshold between the periphery and the semi-periphery.

by 2017, as China’s per capita GDP advanced to 31 percent of the imperial standard, the structure of world income distribution was radically transformed. The share of the population that lived in countries with per capita GDP less than 25 percent of the imperial standard fell to 50 percent (the lowest since 1870). The share of the population that lived in countries with per capita GDP higher than 75 percent of the imperial standard narrowed to 12 percent. At the same time, the share of the population that lived in countries with per capita GDP between 25 and 75 percent of the imperial standard expanded to 38 percent (almost double the historical semi-peripheral share of the world population).

Neither capitalism nor imperialism is compatible with an arrangement where the majority of the world population exploits the minority, or even with a situation where a large minority exploits the rest of the world. Given the size of the Chinese population (almost one-fifth of the world population), if China were to advance into the core, the total core population would have to rise to about one-third of the world population. Can the rest of the world afford to provide sufficient surplus value (in the form of labor embodied in commodities) as well as energy resources to support such a top-heavy capitalist world system?

South Asia has recently overtaken China to become the largest source of net labor transfer in the global capitalist economy. In 2017, South Asia suffered a net labor loss of 65 million worker-years. All the low- and middle-income countries combined provided a total net labor transfer of 184 million worker-years in 2017

Assuming that China’s average labor terms of trade rises from the current level of about 0.5 (one unit of Chinese labor exchanges for about half of a unit of foreign labor) to about 2 (one unit of Chinese labor exchanges for about two units of foreign labor, similar to the current average labor terms of trade of the non-U.S. high-income countries), then the total labor embodied in China’s imported goods and services would have to rise to about 180 million worker-years. Rather than providing a net labor transfer of nearly 50 million worker-years, China will have to extract 90 million worker-years from the rest of the world. The total shift of 140 million worker-years represents about three-quarters of the total surplus value currently received by the core and the upper-level semi-periphery from the rest of the world and is roughly comparable to the total net labor transfer currently provided by all the low- and middle-income countries (excluding China).

to replace China’s current annual car production by electric vehicles would require the consumption of 120,000 metric tons of lithium annually. World total lithium production in 2018 was only 62,000 metric tons. Therefore, even if China uses up the entire world’s lithium production, it would only be sufficient to replace about one-half of China’s conventional car production.27

China was a typical peripheral country in the 1990s. In the early 1990s, China’s labor terms of trade was about 0.05. That is, one unit of foreign labor could be exchanged for about twenty units of Chinese labor. Since then, China’s labor terms of trade has improved dramatically. By 2016–17, China’s labor terms of trade rose to about 0.5. That is, two units of Chinese labor could be exchanged for about one unit of foreign labor. On balance, China remains an economy exploited by the imperialist countries in the capitalist world system, although the degree of exploitation has declined rapidly in recent years.

The world population in 2018 was 7.59 billion. Using the more generous 1.4 trillion metric tons as the global emissions budget for the rest of the twenty-first century, an average person in the future is entitled to an average annual emissions budget of about 2.3 metric tons per person per year (1.4 trillion metric tons / 80 years / 7.6 billion people). By comparison, China’s per capita carbon dioxide emissions in 2018 were 6.77 metric tons and the U.S. per capita carbon dioxide emissions were 15.73 metric tons.

From 1990 to 2013, China’s per capita carbon dioxide emissions surged from 2.05 metric tons to 6.81 metric tons. If this trend were to continue, China’s per capita carbon dioxide emissions would rise to 12.85 metric tons when China’s per capita GDP rises to $37,734 (75 percent of the imperial standard). If every person in the world were to generate this level of emissions every year between now and the end of the century, global cumulative emissions over the last eight decades of this century would amount to 7.8 trillion metric tons, leading to 5.5 degrees Celsius of additional warming (using the approximate calculation that every one trillion tons of carbon dioxide emissions would bring about 0.7 degrees Celsius of additional warming).

China’s current per capita carbon dioxide emissions are substantially above what would be predicted by the cross-country regression given China’s current income level. Using the cross-country regression, if China’s per capita GDP were to rise to $37,734, China’s per capita carbon dioxide emissions should be 8.67 metric tons. If every person in the world were to generate emissions of 8.67 tons every year between now and the end of the century, global cumulative emissions over the last eight decades of this century would amount to 5.3 trillion metric tons, leading to 3.7 degrees Celsius of additional warming. As the global average temperature is already about one degree Celsius higher than the preindustrial level, global warming by the end of the century would be 4.7 degrees Celsius. This will lead to inevitable runaway global warming and reduce the areas suitable for human inhabitation to a small fraction of the earth’s land surface.

In other words, climate stabilization and global ecological sustainability can be accomplished if every country either accepts a massive reduction of per capita income to peripheral levels or stays with the peripheral levels.

The currently available evidence does not support the argument that China has become an imperialist country in the sense that China belongs to the privileged small minority that exploits the great majority of the world population. On the whole, China continues to have an exploited position in the global capitalist division of labor and transfers more surplus value to the core (historical imperialist countries) than it receives from the periphery. However, China’s per capita GDP has risen to levels substantially above the peripheral income levels and, in term of international labor transfer flows, China has established exploitative relations with nearly half of the world population (including Africa, South Asia, and parts of East Asia). Therefore, China is best considered a semi-peripheral country in the capitalist world system.

Given its enormous population, there is no way for China to become a core country without dramatically expanding the population share of the wealthy top layer of the world system. The implied labor extraction (or transfer of surplus value) demanded from the rest of the world would be so large that it is unlikely to be met by the remaining periphery reduced in population size. Moreover, the required energy resources (especially oil) associated with China’s expected core status cannot be realistically satisfied from either future growth of world oil production or conceivable technical change. In the unlikely event that China does advance into the core, the associated greenhouse gas emissions will contribute to rapid exhaustion of the world’s remaining emissions budget, making global warming by less than two degrees Celsius all but impossible.