Capitalist China, Socialist America?
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In recent years, heightened tensions between the United States and China have led to talk of a new Cold War. The standard framing of this conflict, both from the anti-imperialist left and the civilizationist right, reprises themes of the twentieth century, treating it as a struggle between colonizer and colonized or capitalism and communism.The 2020 book Trade Wars Are Class Wars, by the economists Matthew Klein and Michael Pettis, complicates this view. Klein and Pettis, who
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