Xi and Putin, with one Sun Tzu move, immobilized Orientalism, Eurocentrism, Exceptionalism and, last but not least, Neo-Colonialism. No wonder the Global South was riveted by what developed in Moscow.
Adding insult to injury, we have China, the world’s largest economy by far when measured by purchasing power parity (PPP), as well as the largest exporter. And we have Russia, an economy that by PPP is equivalent or even larger than Germany’s – with the added advantages of being the world’s largest energy exporter and not forced to de-industrialize.
Together, in synch, they are focused on creating the necessary conditions to bypass the US dollar.
A key consequence of this geopolitical and geoeconomic alliance, carefully designed throughout the past few years, is already in play: the emergence of a possible triad in terms of global trade relations and, in many aspects, a Global Trade War.
Yet what really matters for Moscow are the positives further on down the road: non-stop Eurasia integration; closer ties with “friendly global centers” China and India; increased help to Africa; more strategic cooperation with Latin America and the Caribbean, the lands of Islam – Turkey, Iran, Saudi Arabia, Syria, Egypt - and ASEAN.
And that brings us to something essential that was – predictably - ignored en masse by Western media: the Boao Forum for Asia, which took place nearly simultaneously with the announcement of Russia’s new foreign policy concept.
The Boao Forum, started in early 2001, still in the pre-9/11 era, has been modeled on Davos, but it's Top China through and through, with the secretariat based in Beijing. Boao is in Hainan province, one of the islands of the Gulf of Tonkin and today a tourist paradise.
One of the key sessions of this year’s forum was on development and security, chaired by former UN Secretary-General Ban Ki-moon, who is currently Boao’s president.
There were quite a few references to Xi’s Global Development Initiative as well as the Global Security Initiative – which by the way was launched at Boao in 2022.
The problem is these two initiatives are directly linked to the UN’s concept of peace and security and the extremely dodgy Agenda 2030 on “sustainable development” – which is not exactly about development and much less “sustainable”: it’s a Davos uber-corporate concoction. The UN for its part is basically a hostage of Washington’s whims. Beijing, for the moment, plays along.
And that led Li Qiang to the emphasis on the Chinese drive to deepen the RCEP East Asian trade deal, and also advance the negotiations on the free trade agreement between China and ASEAN. And all that integrated with the new expansion of the Belt and Road Initiative (BRI), in contrast to trade protectionism.
Russia taught the world a lesson: it was preparing itself, in silence, for a long-term Total War. So much so that its calibrated counterpunch turned the Financial War upside down – completely destabilizing the casino. China, meanwhile, is re-balancing, and is on the way to be also prepared for Total War, hybrid and otherwise.
The inestimable Michael Hudson, fresh from his latest book, The Collapse of Antiquity, where he deftly analyzes the role of debt in Greece And Rome, the roots of Western civilization, succinctly explains our current state of play:
"America has pulled a color revolution at the top, in Germany, Holland, England, and France, essentially, where the foreign policy of Europe is not representing their own economic interests (…) America simply said, - We are committed to support a war of (what they call) democracy (by which they mean oligarchy, including the Nazism of Ukraine) against autocracy (…) Autocracy is any country strong enough to prevent the emergence of a creditor oligarchy, like China has prevented the creditor oligarchy."
So "creditor oligarchy", in fact, can be explained as the toxic intersection between globalist wet dreams of total control and militarized Full Spectrum Dominance.
The difference now is that Russia and China are showing to the Global South that what American strategists had in store for them – you’re going to “freeze in the dark” if you deviate from what we say – is no longer applicable. Most of the Global South is now in open geoeconomic revolt.
Globalist neoliberal totalitarianism of course won’t disappear under a sand storm. At least not yet. There’s still a maelstrom of toxicity ahead: suspension of constitutional rights; Orwellian propaganda; goon squads; censorship; cancel culture; ideological conformity; irrational curbs of freedom of movement; hatred and even persecution of – Slav – Untermenschen; segregation; criminalization of dissent; book burnings, show trials; fake arrest mandates by the kangaroo ICC; ISIS-style terror.
But the most important vector is that both China and Russia, each exhibiting their own complex particularities – and both dismissed by the West as unassimilable Others - are heavily invested in building workable economic models that are not connected, in several degrees, to the Western financial casino and/or supply chain networks. And that’s what’s driving the Exceptionalists berserk - even more berserk than they already are.
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