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.

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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Posted in Global peace process, Multipolar world, Syria | Tagged: , , | Leave a Comment »

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

Posted in British economy, Multipolar world | Tagged: , , , | Leave a Comment »

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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Santiago de Chile: the yuan’s financial stronghold in Latin America

Posted by seumasach on September 15, 2015


15th August, 2015

Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in Latin America, in Santiago de Chile, agreed during Prime Minister, Li Keqiang’s visit, is bound to attract a number of technological investments which could drive peripheral industrialization and decrease the dollar’s dominance in Southern Cone countries.


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China’s `new normal’ growth model Is starting to get expensive

Posted by seumasach on September 12, 2015

“Airports, subways, bridges, railways and water projects are among the approved projects by authorities since May, according to Mizuho. Provincial efforts include Shandong’s announcement it will buy small and medium-sized residential properties and convert them into public rental homes.”

The above quote illustrates how different the Chinese system is. They may be propping up the stock market to keep their middle class afloat but the pattern is the extension of credit to develop the real economy following Deng Xiao Ping’s dictum that whatever you do never lose control of the credit system. If only we in the West could do the same thing, renewing our creaking infrastructure and turning empty homes into council houses. Perhaps Jeremy Corbyn has something of the like in mind?

See also: Let’s build a strategic partnership with China


10th September, 2015

When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound.

The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with keeping the economy on course to hit the Communist Party’s growth target of about 7 percent for this year.

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The Petroyuan cometh

Posted by seumasach on September 12, 2015

Launch Of Renminbi-Denominated Oil Futures Contract Imminent

Zero Hedge

11th September, 2015

Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner?

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Chinese build factories in U.S., creating jobs and tensions

Posted by seumasach on September 7, 2015

Japan Times

6th September, 2015

When Chen Mingxu was a boy, U.S. businessmen poured into rural China, welcomed with tax breaks and steamed turtle. Thirty years later, in a kind of reverse migration, Chen finds himself in southwestern Alabama smiling wanly over bacon-wrapped meatloaf and banana pudding.

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