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Build, Baby, Build!

Two decades of unprecedented infrastructure investments transformed China. Then the country hit a wall of debt.

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Mussolini in Beijing

The Chinese model of state-directed capitalism is coming apart — and it’s unleashing a new authoritarianism.

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Capitalism Is Not a “Free Labor” System

Apologists for capitalism like to point to its historically progressive aspects, like its supposed use of “free labor” rather than older forms of labor compulsion. But throughout its history, as the system has conquered new territories for capital accumulation, it has embraced and depended on the most coercive forms of “premodern” production relations.