Our Times 3

Global capitalism: The challenge of China

Professor Richard Wolff breaks down China’s evolving position in a world defined by global capitalist development


According to University of Massachusetts professor Richard Wolff, China’s rise is unmistakable and one of the most important developments in recent economic history. Photo from iStock.

In this month’s lecture for Democracy At Work, Richard D. Wolff, professor of economics emeritus at the University of Massachusetts, Amherst, will discuss China’s economic growth since the revolution of 1949, China’s economic model in the context of the globalized economy, the differences between China’s economic system, socialism and capitalism, and increased rivalry with the United States, what many describe as a ‘new Cold War.’

Democracy at Work is a non-profit 501(c)3 that produces media and live events. Our work analyzes capitalism critically as a systemic problem and advocates for democratizing workplaces as part of a systemic solution. We seek a stronger, fuller democracy—in our politics and culture as well as in our economy—based on workers’ equal collaboration and shared leadership inside enterprises and throughout society.


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