China: Rise, Fall and Re-Emergence as a Global Power

Some Lessons from the Past

By James Petras

dragonThe study of world power has been blighted by Eurocentric historians who have distorted and ignored the dominant role China played in the world economy between 1100 and 1800.

John Hobson’s[1] brilliant historical survey of the world economy during this period provides an abundance of empirical data making the case for China’s economic and technological superiority over Western civilization for the better part of a millennium prior to its conquest and decline in the 19th century.

China’s re-emergence as a world economic power raises important questions about what we can learn from its previous rise and fall and about the external and internal threats confronting this emerging economic superpower for the immediate future.

First we will outline the main contours of historical China’s rise to global economic superiority over West before the 19th century, following closely John Hobson’s account in The Eastern Origins of Western Civilization. Since the majority of western economic historians (liberal, conservative and Marxist) have presented historical China as a stagnant, backward, parochial society, an “oriental despotism”, some detailed correctives will be necessary. It is especially important to emphasize how China, the world technological power between 1100 and 1800, made the West’s emergence possible. It was only by borrowing and assimilating Chinese innovations that the West was able to make the transition to modern capitalist and imperialist economies.

In part two we will analyze and discuss the factors and circumstances which led to China’s decline in the 19th century and its subsequent domination, exploitation and pillage by Western imperial countries, first England and then the rest of Europe, Japan and the United States. [Read more...]

The EyeOpener- Morbid Addiction: CIA & the Drug Trade

The Modern-Day British East India Company: The CIA

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Just as the British Empire was in part financed by their control of the opium trade through the British East India Company, so too has the CIA been found time after time to be at the heart of the modern international drug trade. From its very inception, the CIA has been embroiled in the murky underworld of drug trafficking.

There are billions of dollars per year to be made in keeping the drug trade going, and it has long been established that Wall Street and the major American banks rely on drug money as a ready source of liquid capital. With those kinds of funds at stake, it is unsurprising to see a media-government-banking nexus develop around the status quo of a never-ending war on drugs - aided, abetted and facilitated by the modern-day British East India Company, the CIA.

This is our EyeOpener Report by James Corbett presenting the history, documented facts, and cases on the CIA’s involvement and operations in the underworld of drug trafficking, from the Corsican Mafia in the 1940s through the 1980s Contras to the recent Zambada Niebla Case today.

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*The Transcript for this video is now available at Corbett Report: Click Here

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