The theory of "free trade", appearing in the 18th century, was initially formulated to prevent the Dutch from closing their colonial empire to English commerce. It served as the political rationale for British colonial expansion, imposing an international division of labor that revealed itself to be much more effective for pillaging resources than the colonial system itself.
In 1941, the Anglo-Saxons devised, as an aim of the war, a shift from the prevailing mode of colonial exploitation to that of unequal exchange in the aftermath of victory over Nazi tyranny. The Atlantic Charter promoted decolonization, free trade and freedom of the seas. This model was formalized in 1947 with the GATT Agreements. This was reinforced during the Reagan-Thatcher era by a vast movement of privatization and deregulation.
In 1991, President Bush announced his vision of a new world order: globalization. The objective was to fill and profit from the void created by the disappearance of the USSR and extend Anglo-Saxon domination in a manner that closely twinned economic and military expansion.
The new model encompassed not only the free trade of goods but also of services and capital, to be regulated by an arbitrating tribunal that would constrain the sovereignty of individual states, which is today embodied in the World Trade Organization.
In the 21st century, this on-going process has led to the dematerialization of the world economy. Favoring the expansion of military-related industries while manufacturers of domestic consumer goods shut down, the Anglo-Saxons created an economy based on "financial products’ (meaning speculation) and the profits derived from "intellectual property" (so called "fair use"). They extended their control over the free trade of goods and services in air space using the "war on terror" as a pretext and over the seas under cover of a "war on piracy". In the meantime, however, the exorbitant costs of the neocolonial occupation of Iraq in 2003 nearly brought about the complete financial collapse of the empire.
At this point, President Obama and Prime Minister Brown attempted to save the system by eliminating foreign financial positions thus compelling capital to migrate in the direction of an Anglo-Saxon fiscal paradise. Additionally, Western governments have in a concerted way placed their means of public finance entirely in the hands of a small number of private banks. As a result, these are now in a position not only to avert collapse but also to acquire firms as they spiral into failure, accelerating the already gigantic concentration of riches.
US Secretary of State Mike Pompeo announced that he approached India and the countries of Southeast Asia with a view to restructuring global supply chains.
The aim is not to restore the US trade balance, nor to tackle the consequences of the Covid-19 pandemic, but to thwart China’s development.
Indian Prime Minister Narendra Modi has decided to gear his post-pandemic economic plan towards the reception of Western industries which should gradually be moving out of China.
Facilities will be (...)
Coming after former British Prime Minister Gordon Brown’s article in the Financial Times , it was former US Secretary of State Henry Kissinger’s to advocate through the Wall Street Journal for a New World Order brought on by the Covid-19 crisis.
Both men follow the same logic: it will not be possible to restore the global economy after the epidemic without the required authority. Both belong to the same club, the very select Pilgrim’s, chaired by Queen Elisabeth II.
Dr. Kissinger had (...)
When the G20 was called more than a decade ago to deal with the global financial crisis, we had to overcome US scepticism, G7 hesitancy, Chinese pressure to restrict its remit, and French pressure to broaden it. Such was the jockeying for places that not 20 but 23 national leaders attended the London summit. Their greatest disagreement was not over the $1tn stimulus but tax havens.
In the end, we agreed short-termfiscal targets, but not medium-term growth targets. Our plan to reframe (...)
1. We, the Leaders of the G20, met in Osaka, Japan on 28-29 June 2019 to make united efforts to address major global economic challenges. We will work together to foster global economic growth, while harnessing the power of technological innovation, in particular digitalization, and its application for the benefit of all.
2. Building on work done by previous presidencies, we will strive to create a virtuous cycle of growth by addressing inequalities and realize a society where (...)
Sophie Shevardnadze (retranslated): Hello, everyone,
I am Sophie Shevardnadze. I am very glad to be able to moderate today’s plenary session, because the St Petersburg Forum is a unique platform that brings together businessmen, officials and leaders whose paths would never otherwise have crossed, anywhere in the world. We meet each year to figure out how to move the world forward.
I had the opportunity to talk with our speakers shortly before the start. I think they are committed to (...)
Mr Chairman, Mr Xi Jinping, colleagues,
It is obvious that ensuring stable and sustained economic growth and strengthening comprehensive links between countries and integration associations on the Eurasian subcontinent requires an advanced transport, energy and telecommunications infrastructure, as President Xi Jinping and Ms Lagarde have just said.
I should note that Russia is currently implementing comprehensive national projects, which cover major sectors crucial for dynamic economic (...)
The European Union informed the United States government that it will resort to the World Trade Organization (WTO) if the US tightens its economic blockade against Cuba by enforcing chapter III of the Helms-Burton law.
The United States has announced that it will enforce Title III of the Helms-Burton Act (Cuban Liberty and Democratic Solidarity (Freedom) Act of 1996), thereby authorizing so-called "Cuban-Americans" to pursue legal claims for properties which were confiscated after the (...)
PRESIDENT TRUMP: Thank you very much. It’s a great honor to be with the Vice Premier of China, a highly respected man all over the world. We’ve had tremendous discussions. We’re getting very close to making a deal. That doesn’t mean a deal is made, because it’s not, but we’re certainly getting a lot closer. And I would think with — oh, within the next four weeks or maybe less, maybe more — whatever it takes — something very monumental could be announced.
We very much appreciate the letter (...)
Thank you Matthew for that introduction and thank you to Ørsted for hosting us today.
Your work in offshore wind does not just provide skilled jobs here in Grimsby, it makes a direct contribution to the UK’s efforts to reduce our carbon emissions and protect our environment.
Achieving the economic benefits of the global shift to sustainable green growth is one of the four Grand Challenges in our Modern Industrial Strategy.
The UK is the world-leader in oﬀshore wind, and yesterday we (...)
The virtual currency, Bitcoin, offers you the assurance that noone will know about your transaction. That is Bitcoin’s key sales pitch.
But the Israeli company Whitestream now claims to have collected the identity of everyone involved in Bitcoin transactions with Hamas (read: with the Palestinian Muslim Brotherhood).
Of course this information has already been passed on to the Israeli Security Services, which in turn have handed it over to their partners in the (...)
It appeared that the future of Indian e commerce was focused on competition between two US operators, Amazon and Walmart. In May 2018 Amazon bought the Indian company which had the strongest roots on the market. This target company was Flipkart, and its purchase price was 16 billion dollars. In September, Walmart invested more than 5 billion dollars to buy More, one of India’s main supermarket chains.
With 4 600 shops and more than 2 million employees, Walmart is a distribution giant in (...)
Beijing continues unceasingly to develop its « Silk Road » project. China’s vice-President, Wang Qishan, has undertaken a tour of the Near East which took him to Israël for four days. According to the agreements which have already been signed, within two years China will control the major part of Israël’s agro-food industry, its high technology and its international exchanges. A free trade agreement should follow, and the geopolitics of the whole region will be turned upside down.
China is the world’s biggest developing country and the United States is the biggest developed country. Trade and economic relations between China and the US are of great significance for the two countries as well as for the stability and development of the world economy.
Since the establishment of diplomatic relations, bilateral trade and economic ties between China and the US have developed steadily. A close partnership has been forged under which interests of the two countries (...)
The sovereign state is indispensable – especially in a globalised economy, by Marianne Wüthrich / Safeguarding and expanding rights – securing prosperity / US domestic policy sabotages détente with Russiam by Hannes Hofbauer / Words from Helsinki that the world has been waiting for, by Willy Wimmer / The West’s fury and bitterness about Russia’s successes; Following on from the modest movement towards détente achieved at the Putin-Trump meeting, what next?, by Brian Cloughley / French major enterprises have to abandon their commercial activities in Iran, by Hayat Gazzane / Is “Antifa” the German mainstream? This is no way for the country to come to rest, by Karl Müller / Driving bans for diesel? A plea for more objectivity, by Rainer Schopf / Why I like to be a Swiss, by Wolfgang van Biezen / The value of language teaching for the preservation of the ancient languages, by Thibault Mercuzot, Delphine le Corfec and Patrick (...)
President Trump won the election on his promise to overthrow financial capitalism and restore productive capitalism. From this standpoint, he considers that war damages owed to Syria should not be paid by the United States, but by transnational corporations. Is this revolution in international relations desirable or even possible?
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