Trade

The US Still Dominates the World Economy
The US ruling class has dominated the planet since the end of World War II. Key elements of this control include its military superiority in nuclear and conventional weapons, and the stationing of over 900 military bases around the world. In addition, the US presides over the United Nations, the International Monetary Fund (IMF) and the World Bank. It upholds the US dollar as the global currency, and it controls much of the world’s resources, particularly oil.

Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.

Wednesday, 2 September, all German TV channels, mainstream media were focused unilaterally on the alleged Novichok poisoning of Russian opposition critic, Alexei Navalny. This “breaking-news” poison discovery was made in Germany two weeks after he has been flown from Tomsk in Siberia to Moscow, when he fell ill on the plane and the airliner had to return to Tomsk for an emergency landing.

The British government, regulators and global agrochemical corporations are colluding with each other and are thus engaging in criminal behaviour. That’s the message put forward in a new report written by environmentalist Dr Rosemary Mason and sent to the UK Environment Agency. It follows her January 2019 open letter to Werner Baumann, CEO of Bayer CropScience, where she made it clear to him that she considers Bayer CropScience and Monsanto criminal corporations.

Well over a century ago the German statesman Otto von Bismarck remarked that countries have neither friends nor enemies only interests. History since then has done nothing to dispel the wisdom of his observation. There are many people still alive today who were alive when this country fought for its very existence against the two mortal enemies of the day: Germany and Japan.

The visit by newly-elected Tunisian President Kais Saied to France on June 22 was intended to discuss bilateral relations, trade, etc. But it was also a missed opportunity, where Tunisia could have formally demanded an apology from France for the decades of French colonialism, which has shattered the social and political fabric of this North African Arab nation since the late 19th century.

During the early days of the coronavirus lockdowns, in some quarters there was a certain degree of optimism around.

 ‘We’ll cut off the whole relationship’ –Trump threatened China in a recent Fox-Business interview, suggesting he may cut diplomatic relations with China and thereby saving US$ 500 billion. He didn’t say how, though.

Even before becoming the 45th president of the United States, Donald Trump had one consistent foreign enemy – China. Partly fueled by his intrinsic white supremacy and his antipathy for the liberal elite “globalists” who evoked his personal inferiority complex, Trump has never waivered from his fierce opposition to what he saw as the “yellow peril” from China.

Job-creation is and always has been a massive priority of governments worldwide. In 2012, the World Bank claimed 600 million new jobs needed to be created over the next fifteen years. In this connection, here is a classic quote from 1933: “A war would be a great idea…Another war would give our three million unemployed ample employment.”