/Geopolitical Economy Report

Geopolitical Economy Report

How does China's economic model work? Political economist Ben Norton explains the ideas behind Socialism with Chinese Characteristics, discussing China's socialist market economy, historical development, reform process, poverty reduction, industrial policy, and more. VIDEO with charts here: https://www.youtube.com/watch?v=6E89qUXTX-k Topics 0:00 Introduction 1:07 China has world's largest economy 3:01 China's economic development 3:54 Poverty reduction 6:56 Rising incomes 7:42 Life expectancy 8:57 Mortality rates 9:34 Reform and Opening Up 10:16 To get rich is glorious? 11:35 Deng Xiaoping's ideology 13:54 Primary stage of socialism 14:28 Chinese capitalists 15:54 Industrialization & urbanization 16:55 Birdcage economy (Chen Yun) 18:17 State ownership 19:40 State-owned enterprises (SOEs) 20:49 Grasp the large, let go of the small 22:22 Public property 23:16 SOE assets 24:14 Provincial & local governments 25:51 Golden shares in tech companies 26:54 Huawei, biggest worker-owned company 27:17 Rural cooperatives 29:09 Democracy in China? 31:40 Foreign investment in China 33:49 Global value chain 34:34 Foreign direct investment (FDI) 35:48 Industrial policy evolution 38:22 New quality productive forces 39:23 China's green energy revolution 40:24 World's manufacturing superpower 41:04 US deindustrialization & financialization 43:22 US bubble economy 44:37 China popped real estate bubble 46:50 Inequality & uneven development 48:31 Eras of the PRC 49:01 Common prosperity in New Era 49:34 Gini coefficient 50:26 Labor income vs capital income 51:48 Poverty alleviation 52:17 Wages of Chinese workers 52:44 Labor unions in China 55:19 USA funds anti-China labor groups 57:02 Marco Rubio takes over NED 57:32 Delivery workers 58:30 996 system is banned 59:23 Working hours in China 1:00:25 Imperialism & division of labor 1:03:51 AI & new cold war 1:04:45 Silicon Valley model: monopoly 1:05:43 Market competition in China 1:07:44 China opposes private monopolies 1:08:10 State planning 1:09:05 Cold War Two

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What is Socialism with Chinese Characteristics? This is how China's economic model works

Dec 11, 2025·—

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This is the US empire's new strategy for global dominance

Dec 7, 2025·—

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The Donald Trump administration revealed the US empire's new plan for global dominance in the 2025 National Security Strategy. The goal is to impose hegemony in the Western Hemisphere, reviving the colonial Monroe...

Trump frees one of world's worst drug traffickers - while meddling in foreign elections

Dec 3, 2025·—

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Donald Trump pardoned and freed from prison one of the world's worst drug dealers, the former dictator of Honduras, Juan Orlando Hernández (JOH), who was convicted of trafficking 400 tons of cocaine and machine guns...

Palantir executives sell their shares as the stock crashes - but they smear critics as 'crazy'

Nov 29, 2025·—

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The most overvalued stock on Earth may be that of Palantir, the corporate Big Brother that is getting huge contracts from the Trump administration and helps the US government wage war and carry out mass surveillance...

AI bubble madness: Why Nvidia's market cap fell $600,000,000,000 in ONE DAY

Nov 22, 2025·—

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The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile...

Exposed: The US-Israeli plan to colonize Gaza

Nov 17, 2025·—

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Donald Trump vowed to "take over" and "own" Gaza. The US government plans to divide the Palestinian territory into a "green zone" run by Western allies, while trapping Gazans in a "red zone", which won't be rebuilt. The...

This is Trump's plan to steal Venezuela's oil

Nov 12, 2025·—

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Donald Trump admitted he wants to “take over” Venezuela and its oil. Marco Rubio is overseeing the war plans, aiming to overthrow President Nicolás Maduro and install US puppet María Corina Machado, who vowed to...

China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout

Nov 8, 2025·—

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Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of the enormous AI bubble is becoming clear to everyone, and...

USA is isolated on world stage: Trump failed to pressure countries to support blockade of Cuba

Nov 3, 2025·—

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The US government is politically isolated on the world stage. This can be seen in the UN General Assembly votes demanding an end to the USA's embargo of Cuba. Almost all of the world opposes the illegal economic...

Trump is losing the trade war with China - which he started

Oct 31, 2025·—

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Donald Trump is losing the trade war on China, which he started. The agreement he made at the meeting with President Xi Jinping shows how the US is much more dependent on the Chinese economy than vice versa. Political...

Why Trump can't end the war in Ukraine

Oct 29, 2025·—

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Donald Trump imposed sanctions on Russia's top oil companies, but the US still can't stop the war in Ukraine. NATO's goals cannot be met, as the world is increasingly multipolar and Western power is declining...

The Donroe Doctrine: This is Trump's neocolonial plan for Latin America

Oct 25, 2025·—

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The Donald Trump administration seeks to forcibly impose the US empire's hegemony in Latin America, waging war on Venezuela, imposing sanctions on Colombia's President Gustavo Petro, hitting Brazil with tariffs, and...

Huge bubbles in AI & US stock market grow, while real economy is in recession

Oct 21, 2025·—

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The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it...

Trump orders CIA to attack Venezuela, as US military kills innocent people

Oct 18, 2025·—

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The United States is waging a war on Venezuela. Donald Trump authorized the CIA to carry out "lethal operations" to try to overthrow President Nicolás Maduro. Meanwhile, the US military has killed innocent people in...

Trump-backed Venezuelan coup leader promises to give oil to US corporations

Oct 14, 2025·—

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2025 Nobel Peace Prize winner María Corina Machado, a US government-funded far-right coup leader, vowed to privatize Venezuela's oil and give it to US corporations. "We are going to privatize all our industry", she told...

Nobel Peace Prize winner supports Israel's genocide & Trump's war on Venezuela

Oct 11, 2025·—

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The Nobel Peace Prize was awarded to María Corina Machado, a far-right Venezuelan coup-plotter who has long been funded by the US government. She strongly supports Israel as it commits genocide against the Palestinian...

World leaders rebel against US & Israel: to save Gaza, they demand international intervention

Oct 6, 2025·—

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Leaders from dozens of countries condemned the USA and Israel in their speeches at the UN General Assembly, demanding international intervention to save Gaza. Diplomats staged a mass walkout to protest Netanyahu's...

US war secretary encourages military to commit war crimes, as Trump threatens 'enemy within' USA

Oct 1, 2025·—

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US Secretary of War Pete Hegseth gathered top generals and encouraged the military to commit war crimes and ignore international law. Donald Trump ordered the Department of War to use US cities as "training grounds" to...

USA vs China: Which represents humanity's future? Compare their UN speeches

Sep 27, 2025·—

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The US and China are the world's two most powerful countries, but they have very different visions for the global order. Compare the speeches delivered at the UN General Assembly by Donald Trump and Chinese Premier Li...

This massive new Russia-China project will have huge impact on world

Sep 24, 2025·—

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Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy...

Israel is committing genocide in Gaza, UN says, as USA blocks peace for 6th time

Sep 21, 2025·—

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The US government has, six times now, unilaterally vetoed resolutions in the UN Security Council that called for peace and a ceasefire in Gaza. Meanwhile, a United Nations commission stated conclusively that Israel is...

What does Trump really want from the Federal Reserve?

Sep 18, 2025·—

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Why has Donald Trump consistently attacked the Federal Reserve and its chair Jerome Powell? And was the US central bank ever truly "independent"? Geopolitical economist Radhika Desai discusses with economist Michael...

Trump wages economic war on US allies, while BRICS builds alternative system

Sep 14, 2025·—

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Donald Trump is imposing tariffs and unequal treaties on longtime allies in Europe, Japan, and South Korea, forcing them to pay and move their factories to the US. Meanwhile, BRICS and the Shanghai Cooperation...

Trump's war on oil-rich Venezuela is based on lies: The real reasons why USA wants regime change

Sep 10, 2025·—

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The US government has waged economic war on Venezuela for years. The Donald Trump administration is escalating this with threats of military intervention. Ben Norton discusses the history of sanctions and US-backed coup...

Trump failed to divide Russia and China: They're closer than ever, building a new multipolar order

Sep 6, 2025·—

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US President Donald Trump claimed he would "un-unite" Russia and China, but the divide-and-conquer strategy failed. Instead, Moscow and Beijing are closer than ever, and they are at the heart of a Global South-led...