With the astonishing rise of China in the past three decades, the the accompanying scheme decline of the West and the flaws in the capitalist system revealed by the global financial crisis, Martin, of Jacques’ When China Rules the World: The Rise of the Middle Kingdom, and the the End of the Western World (Allen Lane, Special Indian Price: Rs, 699) has come at the right time. Jacques, who was the last editor of the defunct of British magazine, Marxism Today, brings a broadly left perspective to his study of sympathetic to China with a few benign qualifications that became necessary if it was to avoid the blunders, which led to the collapse of the Soviet Union. As the cliché went at the time, “too much glasnost, too little perestroika.” But he is clear on the central tenets of the Chinese brand of socialism: that free markets cannot work in the long run and that democracies don’t correct their mistakes on their own volition. Controls were necessary and western concepts of democracy and the rule of law were not necessary preconditions for the West’s economic power; they were merely a coincidence and, in any case, do not apply ipso facto to other states with different historical backgrounds.
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When China Rules the World
Updated and expanded new Chinese edition just released.