The Clash Of Two Gilded Ages
Despite their great power rivalry, #America and #China are more similar than most people think. Both are living through a Gilded Age and struggling to end the excesses of #capitalism.
@PIDEOfficial Hosted Prof. Yuen Yuen Ang (Johns Hopkins University) for a live webinar.
Yuen Yuen Ang is the Alfred Chandler Chair of Political #Economy at Johns Hopkins University. She is the author of How China Escaped the #Poverty Trap and China’s Gilded Age. In 2021, Apolitical named her among the world’s 100 Most Influential Academics in #Government.
To say that the U.S. and China are similar, however, does not mean that they are identical. America is a #democracy with constitutional protections of individual #freedoms, whereas China is a top-down political system ruled by one party. Thus, the two countries are pursuing progressive reforms very differently. At the turn of the 20th century, when America was an emerging industrial power, its society fought graft and inequality through political #activism, civil service reforms, new regulations and by voting corrupt politicians out of office. Today, facing a deindustrialized economy and outdated #infrastructure, Biden’s agenda is focused on passing legislation on large public #investment and raising taxes on #corporations.
#USA #USAandChina #Conflict #global #Trump #Biden #xijinping #USelections #India #Pakistan
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