Adam Smith in Beijing : Lineages of the Twenty-First Century

Acclaimed exploration of China’s emergence as the most dynamic center of current economic expansion.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 noncapitalist market economy that Smith described, under totally different domestic and world-historical conditions. 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 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 Done In Order To Counter China's Spectacular Economic Success Of The 1990s, And How The Us's Disastrous Failure In Iraq Has Made 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.--book Jacket. Pt. 1. : Adam Smith And The New Asian Age -- Marx In Detroit, Smith In Beijing -- The Historical Sociology Of Adam Smith -- Marx, Schumpeter, And The Endless Accumulation Of Capital And Power -- Pt. 2. : Tracking Global Turbulence -- The Economics Of Global Turbulence -- Social Dynamics Of Global Turbulence -- A Crisis Of Hegemony -- Pt. 3. : Hegemony Unraveling -- Domination Without Hegemony -- The Territorial Logic Of Historical Capitalism -- The World State That Never Was -- Pt. 4. : Lineages Of The New Asian Age -- The Challenge Of Peaceful Ascent -- States, Markets, And Capitalism, East And West -- Origins And Dynamic Of The Chinese Ascent. Giovanni Arrighi. Includes Bibliographical References (p. [390]-408) And Index. 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. Demonstrating Smith's continued relevance to understanding China's extraordinary rise, Arrighi examines the events that have brought it about, and the increasing dependence of US wealth and power on Chinese imports and purchases of US Treasury bonds. He traces how the recent US attempt to bring into existence the first truly global empire in world history was done in order to counter China's spectacular economic success of the 1990s, and how the US' disastrous failure in Iraq has made China the true winner of the US War on Terror. Smith's vision of a world market society based on greater equality among the world's civilizations is now more likely than at any time since "The Wealth of Nations" was published in 1776. 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 In 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. In the late eighteenth century, the political economist Adam Smith predicted the eventual equalization of power between the West and the territories it had conquered. In this work, Arrighi shows how China's extraordinary rise invites us to reassess radically the conventional reading of The wealth of nations. He examines how recent U.S. attempts to create the first truly global empire were conceived to counter China's spectacular economic success. 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