Events Like These Only Happen Once Every Century (Sergey Glazyev)

Por • 6 abr, 2022 • Sección: Economía

28650 Views April 03, 2022 95 Comments

Source: Business Online Magazine – Events Like These Only Happen Once Every Century

March 27, 2022

Translated by Leo.

Bolds and italics used for emphasise.

“Events like these only happen once every century”: Sergei Glazyev on the breaking of an epoch and the change of ways.

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“After failing to weaken the People’s Republic of China head-on through a trade war, the Americans shifted the main blow to Russia, which they see as a weak link in world geopolitics and economics. The Anglo-Saxons are striving to realize their age-old Russophobic ideas of destroying our country, and at the same time weakening China, because the strategic alliance of the Russian Federation and China is too tough for the United States. They have neither the economic nor military power to destroy us together, and not separately,” says Sergey Glazyev, Academician of the Russian Academy of Sciences, former adviser to the President of the Russian Federation. About what opportunities are now opening up for the Russian economy, whether the Central Bank panders to the enemy and whether a new world currency will replace the dollar, Glazyev spoke in an interview with BUSINESS Online.

The new world economic order is socialist in ideology”

– Sergey Yuryevich, commenting on today’s tragic events, you wrote in your Telegram channel that we should have read your book about the “last world war”, written about 6 years ago. How did you manage to predict everything so accurately?

– The fact is that there are long-term patterns of economic development, the analysis and understanding of which makes it possible to predict the events that are taking place at the present time. We are now experiencing a simultaneous change in the technological and world economic structures, while the technological basis of the economy is changing, there is a transition to fundamentally new technologies, and the management system is also changing. Events like this happen about once a century. However, technological structures change about once every 50 years, and their change is usually accompanied by a technological revolution, depression and an arms race. And world economic structures change once every 100 years, and their change is accompanied by world wars and social revolutions. This is due to the fact that the ruling elite of the countries of the core of the old world economic order impedes changes, does not take into account the emergence of more effective management systems, tries to block the development of new world leaders using them, and tries to maintain its hegemony and its monopoly position by any means, including military and revolutionary ones.

Say, 100 years ago, the British Empire was trying to maintain its hegemony in the world. When it was already losing economically to the combined resources of the Russian Empire and Germany, the First World War, provoked by British intelligence, was unleashed, during which all three European empires self-liquidated. I am talking about the collapse of tsarist Russia, the German and Austro-Hungarian empires, but here we can even put a fourth – the Ottoman Port. As for Britain, for some time it retained global dominance and even became the largest empire on the planet. But due to the inexorable laws of socio-economic development, the colonial world economic structure, based in fact on slave labor, could no longer ensure economic growth. The two fundamentally new political models that emerged – the Soviet and the American ones – demonstrated a much greater efficiency of production, since they were already organized on other principles: not on private family capitalism, but on the strength of large transnational corporations with centralized structures for regulating the economy and with limitless monetary emission of credit through fiat money (paper or electronic means – ed. note). They enabled the mass production of products much more efficiently than the administrative systems of the colonial empires of the XIX century.

The emergence of social states in the USSR and the USA with centralized control systems made it possible for a sharp jump in their economic development. In Europe, the corporate governance system was formed, unfortunately, according to the Nazi model in Germany, and also not without the help of British intelligence. Hitler, relying on the support of the British intelligence services and American capital, quite quickly deployed a centralized corporate management system in Germany, which allowed the Third Reich to very quickly capture the whole of Europe. With God’s help, we defeated this German (more precisely, European – taking into account today’s realities) fascism. After that, two models remained in the world, which I attribute to the imperial world economic structure: Soviet and Western (with the center in the USA). After the collapse of the Soviet Union, which could not withstand global competition due to the fact that the directive system of government was not flexible enough to meet the needs of technological progress, the United States seized global dominance for a while.

– But now this period of “American unipolar loneliness” is already ending, and, probably, not only thanks to Russia, but primarily to China and the Asian regions as such. Is it not?

– Indeed, the hierarchical vertical structures characteristic of the imperial world economy turned out to be too rigid to ensure continuous innovation processes and lost their comparative effectiveness in ensuring the growth of the world economy. On its periphery, a new world economic order has been formed, which is based on flexible management models, a network organization of production, where the state works as an integrator, uniting the interests of various social groups around achieving one goal – raising the public welfare. The most impressive example of such an integral world economic structure today is China, which for more than 30 years has outpaced the growth rate of the American economy by three times. At the moment, China is already surpassing the United States in terms of output, exports of high-tech goods, and growth rates.

Another example of a model of a new world economic order, which we called integral (due to the fact that the state in it unites all social groups of different interests), is India. It has a different political system, but it also has the primacy of public interests over private ones, and the state seeks to maximize growth rates in order to fight poverty. In this sense, the new world economic order is socialist in ideology. At the same time, it uses market mechanisms of competition, which makes it possible to provide the highest concentration of resources for making a technological revolution with goals to ensure economic leaps based on a new advanced technological order. If we look at growth rates after 1995, we see that the Chinese economy has grown 10 times, while the US economy has grown by only 15 percent. Thus, it is already obvious to everyone that at present the pace of world economic development is shifting to Asia: China, India and the countries of Southeast Asia already produce more products than the US and the EU. If we add to them Japan or Korea, in which the management system is similar in its principles to the integration of society around the goal of increasing public welfare, then we can say that today this new world economic structure already dominates the world, and the center of reproduction of the world economy has moved to Southeast Asia. Of course, the American ruling elite cannot agree with this.

– To come to terms with it, I would say…

– Yes. They, like the British Empire once, seek to maintain their hegemony in the world. The events taking place today are a manifestation of how the US financial and powerful oligarchic elite are trying to maintain world domination. It can be said that for the past 15 years it has been waging a world hybrid war, seeking to chaoticize countries beyond its control and restrain the development of the People’s Republic of China. But due to the already archaic system of governance, they cannot do this. The financial crisis of 2008 was such a transitional moment when the life cycle of the outgoing technological order actually ended and the process of massive redistribution of capital into a new technological order began, the core of which is a complex of nanobioengineering and information communication technologies. All countries began to pump up the economy with money. The simplest thing a modern government can do is to give all businesses access to cheap long-term money so they can adopt new technologies. But, if in America and Europe such funds went mainly into financial bubbles and covered the budget deficit, then in China this colossal money emission was completely directed to the growth of production and the development of new technologies. There were no financial bubbles, while the ultra-high monetization of the Chinese economy did not result in inflation, the growth of the money supply was accompanied by an increase in the production of goods, the introduction of new advanced technologies and an increase in public welfare.

Today, economic competition has already led to the fact that the United States has lost its leadership. If you remember, Donald Trump tried to contain the development of China through a trade war, but nothing came out of it.

“The Americans have opened a biological front of war by launching the coronavirus in China”

– Why? Did Trump, accustomed to taking risks and going all-in, lack the determination?

– And even Trump couldn’t get it out, because China has a more efficient management system that allows you to concentrate the available production resources to the fullest. At the same time, effective money management keeps money emission in the contour of expanded reproduction of the real sector of the economy, focusing on financing investments in development. China has the highest savings rate of any country, with about 45 percent of GDP invested, compared with 20 percent in the United States or Russia. This, in fact, ensures the ultra-high growth rates of the Chinese economy.

In short, the US was doomed to lose this trade war because China could produce more efficiently and finance development cheaper. The entire banking system in China is state-owned, it works as a single development institution, directing cash flows to expand production and master new technologies. In the United States, the emission of money goes to finance the budget deficit and is redistributed into financial bubbles. As a result, the efficiency of the US financial and economic system is 20 percent – there only every fifth dollar reaches the real sector, and in China almost 90 percent (that is, almost all the yuan that is created by the Central Bank of the PRC) feeds the contours of the expansion of production and ensures ultra-high economic growth.

Trump’s attempts to limit China’s development through trade war methods have failed. At the same time, they boomeranged at the United States itself. Then the Americans opened a biological war front by launching the coronavirus in China, hoping that the Chinese leadership would not cope with this epidemic and chaos would arise in China. However, the epidemic has demonstrated the low efficiency of healthcare and has created chaos in the United States itself. The Chinese system of government has shown much greater efficiency here as well. In the Celestial Empire, the mortality rate is significantly lower, and the pandemic was dealt with much faster there. Already in 2020, they even reached economic growth of 2 percent, while in the United States there was a decline of 10 percent of GDP (analysts noted the largest drop since the Second World War – ed. note). Now the Chinese have restored the growth rate of about 7 percent per year, and there is no doubt that the PRC will continue to develop confidently, expanding the production of a new technological order.

In parallel with the trade war against China, American intelligence services were preparing a war against Russia, since the Anglo-Saxon geopolitical tradition considers our country the main obstacle to establishing world domination of the US and British power and financial elite. It must be said that the war against the Russian Federation unfolded immediately after the annexation of Crimea and after the American special services organized a coup d’état in Ukraine. It can be said that they tricked Russia into agreeing to the American occupation of Ukraine, considering it as a temporary phenomenon. However, the Americans took root on ‘Ukrainian Independence’, created not only strongholds, growing Nazis under their wing, but also trained the Nazi armed forces, gave the Nazis the opportunity to receive a military education, trained them in their academies, ‘sewed together’ all the Armed Forces of Ukraine with them. And for 8 years they have been preparing the Armed Forces of Ukraine for the fight against the only enemy – Russia. While the mass media, which in Ukraine are also completely controlled by the Americans, formed the image of the enemy in the public mind.

In addition, the United States used the monetary and financial front of the hybrid war against the Russian Federation. Already in 2014, they introduced the first financial sanctions and knocked out a significant part of Western loans from the Russian economy. Now we are witnessing the next phase, when they have actually disconnected Russia from the world monetary and financial system, which they dominate. However, I predicted all this 10 years ago, based on the theory of changing world economic structures and the specific logic of the US ruling elite, focused on world domination. Anglo-Saxon geopolitics is traditionally oriented against the Russian Empire and its successors, the USSR and the Russian Federation, because, since the days of the British Empire, Russia has been seen as the main opponent of the Anglo-Saxons. All the so-called geopolitical science that was being written in London came down, in fact, to a set of recommendations on how to destroy Russia as the dominant force in Eurasia. I mean all sorts of speculative constructions like “countries of the sea against countries of the land” and so on.

– How did Russia get in the way of the ‘sea countries’ that much? After all, geographically with the UK, we have never bordered.

– In this regard, a formula was invented: whoever controls Eurasia controls the whole world. Actually, applied developments have already gone further. Zbigniew Brzezinski’s theorem is known that in order to defeat Russia as a superpower, Ukraine must be torn off from it. All this political dogma, which, it would seem, has long gone down in history, is nevertheless reproduced today in the thinking of the American political elite. I must say that there are still courses in geopolitics of the XIX century at Harvard and Yale University, sharpening the brains of future American politicians against Russia. So they, in fact, jumped on this old and time-tested Russophobic stream, which has always been characteristic of Anglo-Saxon geopolitics. And, considering Russia as the main opponent of their dominance in the world, in accordance with the proposal of Brzezinski, they used Ukraine as an outpost, more precisely, as a tool to undermine Russia, weaken it and, in the long run, destroy it as a sovereign state.

So, what is happening today was easily predicted based on a combination of long-term patterns of economic development, which actually doomed the world to a hybrid war, and the traditional Russophobia of the Anglo-Saxon political elite. After the weakening of the PRC did not work out through a trade war, the Americans transferred the main blow of their military and political power to Russia, which they consider to be a weak link in world geopolitics and economics. In addition, the Anglo-Saxons seek to establish dominance over Russia in order to realize their age-old Russophobic ideas of destroying our country, and at the same time weakening China, because the strategic alliance of the Russian Federation and China is too tough for the United States. They have neither the economic nor the military power to destroy us together, neither separately, which is why the United States initially sought to quarrel us with China. That didn’t work for them. But they, using our, I would say, placidity, seized control over Ukraine, and today they are using our fraternal republic as a weapon of war to destroy Russia, and then to seize control of our resources in order, I repeat, to strengthen their position and weaken China’s position. In general, this is all obvious, like two plus two equals four.

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https://thesaker.is/events-like-these-only-happen-once-every-century-sergey-glazyev/

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