Surplus Absorption, Secular Stagnation, and the Transition to Socialism: Contradictions of the U.S. and the Chinese Economies since 2000
October 1, 2024
Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China’s future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society.