2024-03-15 03:30:00
It can be refreshing to know a little regarding what is happening in the new world, even to look, from afar, at the process of integration and economic growth that occurs over the decline of the West. More than 15 years ago we pointed out in this column that another world reality existed over our turbo-crushed heads with Miami, Disney and Europe (“Uncle Sam Is Not Dead” 12/2/2008).
In 2021, the consulting firm McKinsey reported that China was the richest country in the world, responsible for the growth of 50% of the global economy in two decades. (www.mckinsey.com/industries/financial-service). Under that position he began to develop the Silk Road and Belt project, emulating the land and sea trade routes opened by China in the 1st century BC.
Under this idea, alliances and commercial institutions began to be woven between countries in Eurasia, Africa, and the Middle East, intertwined with Latin American countries led by Brazil. China has financed hundreds of infrastructure projects in dozens of countries that it exchanges for raw materials, since it needs to ensure that its industry maintainse global scale and feed a population of more than 1.3 billion inhabitants, executing the most astonishing project of social inclusion in just 50 years, unique in the history of humanity. A defined political and social model, discipline, extreme work, traditional values, are the axes of a successful sovereign project; its own National model.
The countries of the new world are united through new and intricate routes through the Himalayas of China and Pakistan, logistics centers in Mongolia, Russia and China, roads in Sri Lanka, ports and airports in Africa, investments in energy with new refineries in Iran and Iraq, gas plants in Afghanistan, land and maritime logistics networks that link China, Vietnam, Malaysia and the Middle East (they knew that Saudi Arabia reduces its historical link with the West and trades its oil in gold and yuan with China while developing joint ventures in energy).
India links industries with Russia and becomes its main energy buyer along with China, which is building new railway lines to transport and accelerate trade with the Eurasian giant. A recent global survey (visual capitalist.com) from the end of 2023 found that 8 of the first 10 most optimistic regarding the economic future of their countries are in what we call the new world
As a characteristic note, the process includes de-dollarization: nations begin to trade exported products in their own currencies, reducing their holdings and dependence on the dollar to achieve complete independence from the fluctuations of highly compromised currencies (the dollar and the euro) based exclusively on the extortion of military dominance and the Bretton Woods agreements of 1945 where the dollar came to govern all Western markets. The crazy issuance of the dollar without backing, based on the pure confidence of the issuing country as the great global power, has substantially lost its value (the current devaluation each year exceeds 12% given the REAL inflation in that country) which can be seen in the reduced maturity periods of public securities acquired by international investors issued by the US. It is a clear problem of trust.
The “New Brics Development Bank” (look at the name and compare it with the IMF and the World Bank) based in Shanghai grants loans for sustainable development to its members and financing for US$33 billion is under evaluation. different countries that are members of the group. There are lines of countries waiting to join the Brics following the recent additions, following more than 7 years without new members. Argentina was accepted in 2023 with the help of Brazil and China and was seeking a loan from Brics Bank for railway infrastructure, but… oh, global surprise! the new president character decided to reject membership and affirm that our allies are the USA and Israel (which is currently conducting a genocide in Gaza, rrecognized by global human rights organizations, and many countries).
As we always say, Argentina is a super impoverished country that today is intentionally going through a process with a clear colonial matrix (now it seems that we will import food and medicine) where the word production and work has disappeared and the financial business of a small group seems to be the core of the experiment .
Politically and economically, Argentina is a colony, even dependent on our colonizers (the United Kingdom, which has extended the exclusive economic zone of the Malvinas Islands) and our chancellor has done nothing other than invite the British chancellor to visit Buenos Aires. We have overcome a barrier of dignity as a country, where world leaders laugh privately at the adopted character. It is a shame to lose a new historic opportunity, in a process that has no chance of ending well for the absolute majority of Argentines.
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