Essay about Will the rise of china be an end to capitalism

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Will the Rise of China be an end to Capitalism?

Will it change the dominant ideology?

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Western capitalism has been the dominant global system since it arose and even previous to what we now consider to be a globalized world. Now with the emergence of nation-states such as China many questions have been raised about the solidarity of the original or longstanding western capitalism. In saying Western capitalism I refer to world capitalism but realistically the dominant actors have been of the Western European hemisphere. The emergence of a historically semi-colonial China becoming a major economic power begs the question of whether or not China poses a threat to world capitalism and ideological principles that have predominated global practices for so long. In summary some believe that China is a revisionist state and will therefore affect global governance and change what the status-quo states have done or are doing but China has managed to build itself through the capitalist economy and now depends on certain conditions that arose from the current yet shifting global order. China may have begun as a revisionist state but now that it has penetrated into core statehood it should be looking to cooperate with the current states also existing at the core.
The examination of China’s historical political development shows a level of western or European ideological principles that helped to develop its politics. During the sixteenth to eighteenth century or the Ming dynasty China was already an Asian super world economy whose exports far surpassed the contemporary European world economy. Of course this lead to the Opium wars in which Britain was able to embed itself into the Chinese trade and tariffs marking the beginning of China’s entrance into the capitalist economy. Throughout this time in history China has been lead by or voluntarily followed a system of capitalism highlighted by a number of failed governments and natural disruptions to agriculture pushed China to the periphery of the capitalist system. After countless rebellions and shifts China decided to become a communist state creating socialist laws for the betterment of the country, which had seen a highly marginalized proletariat. This marks the neo liberal beginning in China; The Chinese followed more socialist practices in support of Russia and in hopes that it would be able to advance its position and create a more stabilized economy for itself. Although communism was seen as a negative and barbaric system by the US and other Western countries it was said to have been a more beneficial system for the proletariat because it considered the needs of the poorest. Additionally after the death of the leader of the communist republic Mao Zedong it seemed that a capitalist market economy was permitted to grow and expand with initiatives such as free trade and loans to support business and even though there were restrictions on industry and trade their economy began to flourish which also marked the beginning of modern industrialization. China has still held on to socialist principles but is now considering slowly allowing private business to come in without affect the state owned jobs that it possesses.
China seems to have always served as one of the largest strategic reserves of the world-capitalist economy and is now developed to a place where it is a major player in the capitalist global markets. The neoliberal politics that took place during the communist era allowed China to stand as a country whose ideological views line up with certain principles of human rights which the west so proudly stands behind. The system of communism was not an idea of the Chinese and was not meant to be prolonged but was necessary to become a top global competitor. China has never completely shunned the idea of capitalism and has abided by principles of capital accumulation while using socialism to create a better country for its
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