EAB: China’s rise in the global economic order is often discussed in terms of statistics and superlatives—but in this wide-ranging and provocative lecture, the speaker lays bare the ideological rift at the heart of globalization’s contradictions. While both China and the United States reaped immense wealth during the globalization boom, only one country saw that wealth uplift its broader population. China, the speaker argues, grew its GDP nearly tenfold and raised median income eightfold, all while rejecting liberal democracy and market capitalism. Meanwhile, the U.S. economy also expanded significantly, but its median incomes stagnated or declined. Where did the gains go? According to this perspective, they were captured by capital, not labor—fueling widespread disillusionment from Paris to the American heartland.
This video explores China’s alternative model: a state-driven system where political authority remains firmly above capital, in stark contrast to Western capitalist democracies. The speaker contends that China’s success stems not from conforming to the global liberal order but from rejecting it, offering a model of “globalization without globalism”—one that prizes national sovereignty, cultural integrity, and infrastructure-led development. From the Belt and Road Initiative to anti-corruption campaigns and poverty alleviation, the talk outlines how China has navigated crises that were expected to derail it and is now transitioning toward higher-value industries amid structural challenges. Meanwhile, Western nations—faced with internal discontent and elite backlash—appear to be dismantling the very global institutions they once championed.
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