In the October 10th issue of the Economist there's an insert Special Report on the World Economy. It's worth reason for the fair evaluation it makes of the international project going since the Renaissance known as GLOBALIZATION.
What's the current fundamental reason for the project on today's economic scene? Simply, to unite all peoples on the globe for the sake of preservation of the human race. To prevent the race's self-destruction.
Few intelligensia are aware of the near conflicts erupting during the 1960s and 1970s--the "have-not nations of the world" vs. the advanced "haves." Then, Nixon was President and minutiae wars were being conducted in Afghanistan, the Koreas and Indochina regions. But there were rumblings from social "flames" occurring in Africa. Globalization, a movement really begun by the mercantile class, continued colonization of the poor countries around the globe, and countries The Netherlands, England were prominent movers of goods and people in their ships, colonizing where the ships landed.
The world was recovering from World Wars where ruling thugs were hell-bent on stealing the riches from the European trade giants who made out like bandits raking in the riches of the New World in previous Centuries.
Globalization, plotting along around the world as an intellectual revolution of its own meant that the complaining, envious "have-not" nations could be mollified with promises of their countries' development soon as could be arranged, promises given to disparate interracial mobs wherever they gathered. Communism, even, was taken seriously as an alternative governmental structure to resolve the glaring economic disparity between the two factions on the world scene. To prevent robbing blindly the wealthy nations, the poor were told that a religious miracle would bring about a change in the world that righted the wrongs which only luck had distributed poverty to those who had not benefited from the plunders of the great powers--excluding the United States.
Where we have learned to respect those in poverty and sought to rewrite their cultural histories to restore their dignity as human beings, through the use of globalization, much good is coming as a long-awaited result of the project. But just as frequently, we have seen these "have-not" nations lapse into famine and disease with no hope of trusting to promises of the "haves."
But here is the point I want to make. Amid all this talk of "Yes, Yes, Yes" we will stand with you, made by the "haves" through such financial institutions as their IMF, particularly to South American countries, and the World Bank, nevertheless, through the efforts of the Roguish President Richard Nixon, China has grown into an international giant, tangibly offering to especially the African "have-nots"--though nearly to every have-not nation around the globe--economic relief through trade and commerce with them--China.
This surd in history has not met well with the kingpins of roulette, particularly, in the Trump Camp. I quote from the Economist: "America's share of Chinese imports and exports fell to its lowest in 27 years (recently), before (its)WTO entry. America circumvented and then sabotaged the WTO, stopping the nomination of judges to its appeal board and thus its ability to adjudicate trade disputes." p. 7 of insert. So that, China became the trader of the world, while other nations that once were big in world trade came under the rule of the pandemic! Trump's retort, "We've WON!"
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