U.S. economy

The United States Underestimates China’s Economic Challenge at Its Own Peril

This is not a moment for rose-tinted glasses. By Richard D. Wolff The economy of the People’s Republic of China has been growing much faster than that of the United States for decades. So too has China’s average real wage.…

Why America’s Economic War on China Is Failing

By Vijay Prashad and John Ross U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an…