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An economic discussion

Sometimes when you sweep away what you have been doing, and open space for new, the new comes in.  It is just how the universe works for me at least sometimes.

What happened is that I am now part of an economic discussion with some heavy economists about the structuring of the new multipolar world.  The idea is that we’ve seen some things happening, but that we have no real ground under our feet as yet, as to How Does It Work.

Part of this discussion is developing a manifesto, and institutional and organizational support will be sought for that when completed.  I get to comment on the work and I’m just thrilled to bits.

The current question is how do we actually make an economic underpinning for the new?  What are the rules?  How do you set principles?  How do you rectify the previous actions of kleptocrats and get a large stolen or bought at cost part of the world out of their hands?  Structurally, Legally and with a document that the various strengthening poles of the world can interact and work.

I thought to put this here, as Col (our farmer) would perhaps have comments and I open those questions for comments.

My first comment on the work was that we do see cooperation (and I quoted these examples):

  • The cooperative venture, Mexico, Bolivia, and others, of self-developing and locally financing their combined Lithium wealth.  This is not only planned for extraction, but also for full cycle development.
  • Another example that I am thinking of is the very precarious state of Afghanistan, with a partial solution developed between them and Russia, and they are even exchanging raisins and medicinal herbs (a few other products as well) in this deal.  Who could have thought, raisins .. both developing internal agricultural fortitude, and developing their own product, as well as supporting this poor country in travail?  That is good economics right there.
  • In terms of ‘Forgive them their debts, we have the stellar example of China forgiving debts to something like 17 African countries.

Well, there are some heavyweights there, and they closed my mouth quick (grins), with this question:  OK, we see cooperation!  How do we institutionalize that because that is the next step?   And then, the hard part:  How do you transition TO the debt writedowns (refusal to pay the IMF and bondholders), tax policy, de-privatization, and protective tariffs to re-develop food self-sufficiency? That will require withdrawing from the IMF/World Bank opposition.

Yikes, transitioning to multi-polarity is not for wussies!  All comments welcome!

 

 

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North East
5 months ago

What you’re describing is a much bigger task than what the heavyweight economists imagine. It’s not just economics – that is the least hardest part. There’s a political and military front that has to be worked lest the gains in one area are nulled by losses in the others.The biggest… Read more »

Salty Dawg
Salty Dawg
5 months ago

When I see a group of real experts joining to build a manifesto and how to manual toward a multipolar world/system it tells me that the MP movement is gaining momentum. Go Amarynth and keep us posted/involved …

Doe
Doe
5 months ago
Reply to  Salty Dawg

Economical development of multipolar world has, at least 3 dimensions: security, financial, and technological. Western block have forced the rest to obey them via financial-neo liberals, military-neocons, and technological means. They have lost the military race. Russia, Iran and China have caught up technologically in many areas- that’s the main… Read more »

Col..'the Farmer from NZ'
Col..'the Farmer from NZ'
5 months ago

@Amarynth…”How do we institutionalize that because that is the next step?  And then, the hard part: How do you transition TO the debt writedowns (refusal to pay the IMF and bondholders), tax policy, de-privatization, and protective tariffs to re-develop food self-sufficiency? That will require withdrawing from the IMF/World Bank opposition.” I have… Read more »

Last edited 5 months ago by Col..the Farmer from NZ