Contemporary capitalism is staging a full-blown crisis and leading to a global catastrophe. Among the practice of neo-classical liberalism in capitalist countries, the degradation of consensus politics, the rise of populism, the appearance of polarized politics, and the ossification of checks and balances have emerged in an endless stream. Through theoretical indoctrination and digital technology, contemporary capitalism tries its best to shape the lie of a post-class narrative, only to be punctured by inequality and class divide, triggering spiritual emptiness, value division, and political confrontation. Neoclassical-liberal globalization and new technological changes have shaped a capital-centered pattern of interest distribution, resulting in polarized Western societies and a class conflict that has torn the “left” and the “right” apart. In order to alleviate the domestic crisis, the developed capitalist countries led by the United States have externalized their internal class conflicts into international contradictions, pursued economic and cultural nationalism, provoked geopolitical confrontation, and exposed their imperialist nature. The current full-blown crisis has not yet pushed capitalism to collapse, which we should be clear about. And at the same time, we must stick to the path of Chinese modernization and make due contributions to world peace and development as well as to the progress of human civilization.

Editor: Zhong Yao、Deng Panyi

From: Mao Zedong and Deng Xiaoping Theories.2023.No.7.