In the original dustsheet. Cream board binding with red title on the spine.

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Extraordinarily novel insights into the emerging 21st century through the lens and vision of Adam Smith and Karl Marx. Seems to well exemplify the 1990s Russian joke: Marx told the truth about capitalism but lied about communism. I doubt that many conservatives will like or understand the way the author sees China as the best current exemplar of Adam Smith and more likely to be economically competitive as a result. I am not sure I fully accept this analysis but it is a strong wake up call to the USA to become economically more competitive, get rid of its debt mountain, learn to save, grow its manufacturing base on a hi tech competitive basis, reform its education system back to hard science, math and engineering and all those absolutely unlikely actions that conservatives are sleep walking away from and liberals probably don’t get. A great read if you want your existing paradigms challenged and set down in new places. But don’t bother to read it if your mind is cast in stone, you are data averse, and paradigm locked in.

In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the conquering West and the conquered non-West. In this magisterial new work, Giovanni Arrighi shows how China’s extraordinary rise invites us to read The Wealth of Nations in a radically different way than is usually done. He examines how the recent US attempt to bring into existence the first truly global empire in world history was conceived in order to counter China’s spectacular economic success of the 1990s, and how the US’s disastrous failure in Iraq has made the People’s Republic of China the true winner of the US War on Terror. In the 21st century, China may well become again the kind of non capitalist market economy that Smith described, under totally different domestic and world-historical conditions.