Adam Smith in Beijing: Lineages of the 21st CenturyIn the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the West and the territories it had conquered. In this magisterial new work, Giovanni Arrighi shows how China’s extraordinary rise invites us to reassess radically the conventional reading of The Wealth of Nations. He examines how recent US attempts to create the first truly global empire were conceived to counter China’s spectacular economic success Now America’s disastrous failure in Iraq has made the People’s Republic of China the true winner in the US War on Terror. China may soon become again the kind of noncapitalist market economy that Smith described, an event that will reconfigure world trade and the global balance of power. |
Contents
Marx in Detroit Smith in Beijing | 23 |
The Historical Sociology of Adam Smith | 41 |
Marx Schumpeter and the Endless | 79 |
The Economics of Global Turbulence | 103 |
Social Dynamics of Global Turbulence | 133 |
A Crisis of Hegemony | 155 |
Domination without Hegemony | 195 |
69 | 206 |
The Territorial Logic of Historical Capitalism | 213 |
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accumulation activities American Arrighi Asia became become Brenner Britain British Bush called Cambridge capacity capital capitalist centers central century Chapter China Chinese combination competition continued contrast costs countries created crisis division of labor dollar dominant early East Asian economic effects emergence empire Europe European expansion force foreign further global greater growing growth hegemony History imperial important income increase industrial institutions interest International investment Iraq Japan Japanese kind labor late leading less limits London major manufacturing Marx Marxism means military natural needed noted Origins overseas path policies political population position production profitability protection reason reforms region relations respect result rise Smith social society strategy struggle success territorial theory tion trade transformation turn twentieth century United University Press wars wealth Western workers York