In These New Times

A new paradigm for a post-imperial world

Archive for the ‘Multipolar world’ Category

The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.

China’s yuan takes leap toward joining IMF currency basket

Posted by seumasach on November 15, 2015


14th November, 2015


China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.
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No China’s economy is not going to crash

Posted by seumasach on October 25, 2015

Here is an unusual article from the British left which actually praises the Chinese economic model. The points made seem valid although there is no discussion of the role of finance, an omission, I think, given Deng’s maxim that “whatever you do always keep control of the financial system”. John Ross is a supporter of Corbyn: hopefully Corbyn can also back the trend on the left of complete contempt for China’s achievements. We shall see.

– why China has the world’s strongest macro-economic structure

Socialist Action

5th September, 2015

A great deal of highly inaccurate material is currently appearing in the Western media about the ‘crisis’ of China’s economy – an economy growing three times as fast as the US or Europe. This follows a long tradition of similarly inaccurate ‘crash’ material on China symbolised by Gordon Chang’s 2002 book ‘The Coming Collapse of China’.

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New City of London project to go ahead

Posted by seumasach on October 22, 2015

It will be interesting to learn more about this new financial centre.

China Builder Revives $2.6 Billion London Project After Xi Visit


22nd October, 2015

Chinese developer ABP (China) Holdings Group Ltd. has brought in a unit of state-backed Citic Group as an investor in a project to transform London’s Royal Albert Dock into a financial center after the estimated cost surged and work was delayed.

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China is rising as the US declines

Posted by seumasach on October 21, 2015

Britain can’t ignore this reality


19th October, 2015

Who would have guessed just three years ago that the David Camerongovernment would be the author of the boldest change in British foreign policy since the second world war? That is exactly what is now unfolding.


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Russia outflanks Turkey in Syria

Posted by seumasach on October 7, 2015


Asia Times

6th October, 2015

Turkey has voiced strong opposition to the Russian military intervention in Syria. How far will Turkey take this campaign?

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Russia, US work on agreement to coordinate air operations in Syria

Posted by seumasach on October 7, 2015

See also: New Cold War or War on Terror

“I have, for some time, been talking up a strategic alliance between Washington and Moscow as the great paradigm shift in global geo-politics. It was, admittedly, difficult to see how such a shift could come about. Indeed, the failure of Obama’s reset was just another amongst a litany of seeming failures. But if that remains a strategic goal of Obama, and I believe that it must, then War on TerrorII would be the key to its realization.”


7th October, 2015

Baku – APA. The Russian Defense Ministry and the Pentagon are working on an agreement to coordinate military flights in Syria, according to Russia’s Defense Ministry, RT reported.

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BRICS foreign ministers call for unblocking IMF reform

Posted by seumasach on October 1, 2015


30th September, 2015

MOSCOW, September 30. /TASS/. The foreign ministers of the BRICS group member-countries have called for unblocking the reform of the International Monetary Fund for the purpose of speeding up global economic development. Their meeting took place on the sidelines of the ongoing UN General Assembly session in New York.

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Osborne blazes the Deng Xiaoping trail

Posted by seumasach on September 28, 2015

Cailean Bochanan

28th September, 2015

Once again I have been proved to be wrong. I had interpreted the decentralization of the British state as the key development linked to inward, especially Chinese, investment and predicted that a Tory/SNP duopoly would dominate Britain in the coming years. But Osborne’s barnstorming performance in China, following on from Corbyn’s election as Labour leader, opens up completely different perspectives. His idea of integrating our financial markets with those of China suggests nothing less than a Chinese takeover of the City of London rather than piecemeal investment in Britain’s devolved regions/nations. This chimes in too with Corbyn’s plan for a National Development Bank which is tantamount to central planning, hitherto an absolute taboo. It is not difficult to see that the kind of infrastructure overhaul that Britain requires cannot be done merely through devolved assemblies and combined councils but must be Britain wide and centrally planned. It also makes much more sense for China to finance the whole thing through the banks which can issue credits for projects as required just as they would do in China. And so we go from the Panarin-type post-imperial scenario of fragmentation to one of systemic transformation of Britain as a whole.

Such a radical revolution is inconceivable without opposition. It is striking that as Osborne blazes the trail down China way, the knives are out for Cameron back home. Cameron has been until recently vociferous in his claim that Assad must go. He obviously had an intuition that someone must go: but it has turned out to be himself. He has called it a stab in the back but the blows are coming from all sides, decisively from Michael Ancram, et tu Ancram, who has raised the specter of Libya, hitherto the politically correct war, ominously drawing the parallel between Cameron and Libya and Blair and Iraq. This is deadly and given the reality of what was done to that once thriving country and its catastrophic consequences for Africa and Europe this just won’t go away. Of course, just about all of us were implicated, but all the more need for a scapegoat.

An excellent analysis of recent events in Australia by WSWS focuses on a conflict between the ardently pro-Chinese Malcolm Turnbull and “powerful sections of the Australian military and intelligence apparatus as well as the media and political establishment, not least within the Liberal-National Coalition”This presumably parallels tensions here and it looks like Cameron has found himself on the wrong side of this argument. In other words, the proposed financial merger with China will go ahead over the dead bodies of assorted dead-enders, security state and MIC interests and neocons. In these historic September days the Blairites and the Cameronites have commenced their exit from the British political scene.

Is this another Glorious Revolution? In 1688 certain Dutch financial interests were invited to take over Britain to establish a financial system orientated towards war and empire. This time we have invited a foreign power in the to rebuild an economy gutted by a failed hegemonic project. We have come a full circle since this marks decisively the end of empire and a new historical époque in which war will no longer be the normal state of affairs

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A Sinophile in command in Australia

Posted by seumasach on September 22, 2015

A Sinophile in command in Australia, China elated


Indian Punchline

18th September, 2015

The Chinese press nicknamed the new Australian Prime Minister Malcolm Turnbull ‘sweet dumpling’, ‘sugar bomb’ – apparently a rough translation of his surname, which in Chinese works out to Tang Bao, meaning a sweet custard-filled bun. Beijing is elated that Turnbull has taken over as prime minister in Canberra, summarily replacing Tony Abbott.

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Foreign policy dilemmas over China confront new Australian PM

Posted by seumasach on September 20, 2015

“above all in our darkest hour, when our foes were literally on our doorstep, when our cities were under direct military attack—then at that tipping point in our history, China was our staunch, indefatigable ally.”

Malcolm Turnbull, Australia’s new PM affectionally known in China as “sweetie pie”, a homonym of Turnbull in Mandarin.

Interestingly Turnbull’s son is married to the daughter of a top Chinese Communist Party official and used to work for- needless to say- Goldman.



18th September, 2015

Newly-installed Australian Prime Minister Malcolm Turnbull has signalled the importance he attaches to economic relations with China by fast-tracking legislation on the China-Australia Free Trade Agreement.

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US/China deal to build high-speed rail between LA and Vegas

Posted by seumasach on September 19, 2015

The US and China Just Made a Deal To Build High-Speed Rail Between LA and Vegas


17th September, 2015

Americans could one day soon cruise between two major cities in the western US on a mega-fast train at 150 mph, thanks to a new agreement between a private US venture and a consortium led by China Railway Group.

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