It is hard to imagine an economist whom we trust more with an analysis of China than Dr. Richard Wolff. In the first half of this hour-long talk, Dr. Wolff identifies the achievements of China over the past 40 years. Then he turns to the problems the Chinese face in terms of lacking an internal market, the presence of foreign and domestic capitalists as well as the absence of labor unions. In the second half of his talk he discusses the nature of the competition between China and Yankeedom. We highly recommend watching the entire talk.