The United States, China, Peak Oil, and the Demise of Neoliberalism

… Peak Oil and the Limits to Accumulation

Suppose the Chinese capitalist class has the necessary wisdom and will to pursue a Keynesian, social-democratic-style restructuring. Will such a restructuring take Chinese capitalism onto a path of sustained stable and rapid growth, and will the expansion of the Chinese economy in turn lead the global capitalist economy into another


Table 3 shows the growth of China