In the late 18th century, political economist Adam Smith predicted there would eventually be equalization of power between the conquering West and the conquered non-West. He described the possibility that China would become a non-capitalist market economy. Giovanni Arrighi, professor of sociology at Johns Hopkins University discusses his most recent book, Adam Smith in Beijing: Lineages of the Twenty-First Century,which focuses on Adam Smith’s vision of the economy compares to today’s actual economy. Following the lecture is a discussion with New School faculty Duncan Foley, moderated by Janet Abu-Lughod, a professor at The New School for Social Research. This event was held by The New School.