strong>THE END OF CAPITALISM

KOMUNIDAD
May 14, 2017

THE END OF CAPITALISM

By Arturo P. Garcia

When Karl Marx wrote ins “Communist Manifesto” in 1848, a lot of bourgeois detractors pounced on him and said he was wrong in declaring the end of capitalism.

Even to this day, they praise the growth of capitalism and the end of socialism with the turn-around of China and Russia to the capitalist fold.

But did Marx really prophesied on the death of capitalism? But I understand after that during the days of the cold war and at the height of the Russia and China debate, China went as far as declaring as Mao had said, “ that capitalism is going on a world wide collapse and socialism was in way of total advance.”

But in 1991, what we saw was the fall of Soviet Union. Earlier, in the 1980’s Deng Zhiao Ping reversed the Maoist policies in China and China went into an irreversible capitalist advance.

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In fairness to Chairman Mao, as early as 1975. He has issued a statement reversing the declaration that ‘capitalism is on total collapse.” Instead he changed the statement that” we are still in the age of Imperialism much like during the time of Lenin.”
And that was a recognition that capitalism will still last long and is still durable.

But despite his declaration, some Maoist theorist in China still attacked capitalism and chided the advances in technology saying,’ the trend for miniaturization show the decay in the capitalist system.”

But the criticism does not hold water today. From big, bulky and heavy computer, the computer became more handy, portable and useable. Yes, it can be costly on the onset, but later it became more affordable to everyone.

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The advances in the capitalist system benefit everybody in different ways. But the criticism against capitalism and its inherent greed and rapaciousness as well its exploitative nature stands.

To praise capitalism and give it a “human face” is revolting and unacceptable to people who still dream of a truly egalitarian society in the future.

Socialism has many failing too, but during the socialist era, people’s interests come first before profit. Thus many of those who lived in those era still cherish its comeback.

For to those who benefits from the capitalist system and never experienced the socialist past, or never been in a socialist society like Cuba, The DPRK and the former China and USSR, we cannot blame them to be anti-socialist and all for capitalism.

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Let us see what the capitalist change did to China. An interesting article about China from the New York Times, explains this phenomenon:

“ It is not simply a lifeline for Namibia’s struggling economy, one that the country estimates will increase its gross domestic product by 5 percent when the mine reaches full production next year. The uranium itself, almost all of which will go to China, will also help turn Teng’s homeland into a world leader in nuclear energy and reduce its dependence on coal.

In Beijing, where he worked before coming here, Teng lived under the gray blanket of coal-generated pollution that hangs over much of eastern China. Now he is working for the future — his own and his country’s — under an endless African sky of cobalt blue. “I never imagined,” he says, “I would end up halfway around the world.”

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The New York Times article further said, “ Chinese companies and workers have rushed into all parts of the world. In 2000, only five countries counted China as their largest trading partner; today, more than 100 countries do, from Australia to the United States.

The drumbeat of proposed projects never stops: a military operating base, China’s first overseas, in Djibouti; an $8 billion high-speed railway through Nigeria; an almost-fantastical canal across Nicaragua expected to cost $50 billion.

Even as China’s boom slows down, its most ambitious scheme is still ramping up: With the “One Belt, One Road” initiative — its name a reference to trade routes — President Xi Jinping has spoken of putting $1.6 trillion over the next decade into infrastructure and development throughout Asia, Africa and the Middle East.

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The scheme would dwarf the United States’ post-World War II Marshall Plan for Europe.
China’s relationship with Africa goes back to the 1960s, when Chairman Mao Zedong promoted solidarity with the developing world —
“Ya Fei La,” as he called it, using the first syllables for Asia, Africa and Latin America.

Though it was poor and mired in the chaos of the Cultural Revolution, China won new allies in Africa by finishing, in 1976, a 1,156-mile railroad through the bush from Tanzania to Zambia. Aid continued to trickle in, but there were no other big projects for nearly 30 years, as China focused on building up its domestic economy, following its leader Deng Xiaoping’s prescription to “hide your strength and bide your time.”

That ended in the 2000s, when Beijing, recognizing the need for foreign resources and allies to fuel its economic growth, exhorted the nation’s companies to “go out” into the world.”

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Deng elucidated China’s “ socialism with Chinese characteristics”. He further promised that ‘China will not be an imperialist nation.” But he did say, “China will become the world’s biggest economic power. It will surpass Japan and later the United States.”

Prophetic like Marx? No just a realist. Deng did not speak of imperialism that uses force but an imperiliasm and a new colonial power that used economic means.

That’s the reason that he said, ““hide your strength and bide your time.”

Now, its China’s time to shine and rule the world.

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