We agree with Weede that China will not be a contender for hegemony
anytime soon.
It is Japan and German-led Europe that are more likely to take the
role of challenger.
What follows from this is that the progressive forces of "globalization from below" need to be wary of potential future international conflict and to organize to prevent it.
In a recent essay (Humboldt Journal of Social Relations v.24,1-2
1998)on the relative potential of different semiperipheral countries to
contribute support for global socialism Terry Boswell and I argue that
the formerly communist states are not likely to contribute much.
But this may be a mistake in the case of China. It is possible
that the Chinese could take their own ideology of "market socialism" more
seriously in the direction of some large-scale experiments in collective
ownership that would provide valuable examples for the rest of the world.
I am thinking of the kind of ownership theorized by John Roemer. Terry
Boswell and I have proposed how a version of market socialism could plausibly
be organized on a global scale in our _Spiral of Capitalism and Socialism_
which is due out momentarily from Lynne Rienner.
Chris Chase-Dunn