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Chinese Arms and Capital for Asia

Internationalism No. 81, November 2025 Page 4 “Capital for China” [December 1994] and “Arms for Asia” [January 1995] are among Arrigo Cervetto’s last writings. They are part of a series of articles on the social, political, and military consequences of Asia’s irruption into the multipolar world. A 1992 article, “Rearmament in Asia” , had already observed how the end of the Cold War translated into China’s rise in Asia, including in the military sphere. Consequently, in the process of China’s imperialistic maturation, its power relations with Japan, India, and the United States were changing. The rapid development in the region, supported by a very high rate of proletarianisation , attracted massive amount of capital, fuelling tensions. The old imperialist metropolises intervened with huge flows of credit and arms. The supposed end of history , celebrated in the West through the benign myth of globalisation, was met in the East ...