B&RB&R and the New Order Of the World System By Shengsheng Wang Tsinghua University

Four Main Points the World Capitalist System New contradictions and New Trends of the World Capitalist System The Historical orientation of the B&R The Parallel System with the growth pole of China

World Capitalist System Paul Baran asked in The Political Economy of Growth （ 1957 ）： The question that immediately arises is, why is it that in the backward capitalist countries there has been no advance along the lines of capitalist development that are familiar from the history of other capitalist countries, and why is it that forward movement there has been either slow or altogether absent?

The structure of the world system Samir Amin: the theory of dependency Core vs periphery Inequality of international trade, exploitation Immanuel Wallerstein: the theory of world system Core, semi-periphery and periphery The forming and changing process of the world capitalist system

The systemic cycles of capitalist accumulation Giovanni Arrighi （ 1978 、 1994 、 2007 ） : from the view of capital accumulation to understand the cycles of world system. The history of capitalism accumulation (Genoa,Holland,Britain,US) shows that the systemic cycle of accumulation includes two stages, i.e. the stage of material expansion and the stage of financial expansion. In the second stage the deepening crises cause the end of the old cycle of accumulation.

IT revolution and the recent changes of the world system The financialization The globalization The new imperialism The stage of financial expansion in the core zone and the stage of material expansion in the periphery zone.

Globalization: new stage of the world system William I. Robinson （ 2004 、 2010 ） : In this stage, the capital supremacy become globalization. More serious crises: overproduction, great gap between poor and rich, ecological crisis and so on

Meanwhile: the new imperialism David Harvey （ 2003 ） : The world system moves towards to the stage of new imperialism. The globalization is nothing but the recent variety of imperialism. US becomes the guardian for the transnational capitals. The monopoly of the global financial markets becomes a more and more important way to maintain domination and exploitation for the transnational capitals.

global crisis since 2008 the outlet of the capitalist contradictions overaccumulation : the global overproduction and ponzi accumulation of financial capital no way to solve these problems with ordinary policy instruments

International conflicts or even wars? Given this background, the practical solution to the crisis lies on the structural change and turbulence, which means transferring the crisis from the core to the peripheral countries.

The future of world system Wallerstein (2011): a more democratic and more equal world system. William Robinson(2013) : the world democratic socialist system David Harvey(2011) : the world communist system. Wang Xiangsui(2014) :the process of globalization will step into a decline stage; from core-periphery structure to network structure

The Historical Orientation of B&R to move from periphery to core in the world capitalist system to adapt to and lead the New Normal of China’s economy to surpass the systemic cycles of capitalist accumulation

the parallel system with the growth pole of China Is there an irreversible tendency of industry hollowing out in the developed countries? Will the strategy of reindustrialization work? Will China carry forward the socialist principles,especially to regulate and reform the private capitals?

Thanks for your time ！

The way to core: anti-containment against US Ralph Cossa and Brad Glosser-man of CSIS （ 2015 ） : B&R would change the power structure of the Asia-Pacific region and the Eurasian. James Holmes （ 2015 ） :china plans to construct a parallel system in Eurasian to against the system led by US. Kevin Gallagher （ 2015 ）, Shannon TiZZi （ 2015 ） : OBOR is the China’s Marshall plan. Wangzheng （ 2015 ） : B&R is the response to America’s Asia- Pacific Rebalance Strategy, it’s China’s Asia Rebalance Strategy.

To adapt to and lead the New Normal Tyler Durden （ 2015 ） :B&R is designed to solve the overproduction and to accelerate the internationalization of RMB. Flynt Leverett （ 2015 ） and Hillary Mann （ 2015 ） : B&R is designed to balance the regional economy, to narrow the gap between the east and the west areas in China.

B&R: surpass the world capitalist system How to solve the global problems such as overproduction the income gap and so on. Not the move from periphery to core based on the old structure of the world system

B&R(OBOR): the Silk Road Economic Belt and the 21 st -Century Maritime Silk Road