In These New Times

A new paradigm for a post-imperial world

The rising power of China will create new political fissures in the west

Posted by seumasach on August 17, 2016

Raising the spectre of a Chinese “security”threat is, of course, merely a pretext. Our hostility to China becomes China’s imagined hostility to us. The real issue is systemic: China’s financial system is subordinate to the state whereas our state is subordinate to the financial system. All this has been accentuated post-Brexit: at the same time as we shut out China we are directing more of our own resources to bailing out the financial sector.

Guardian

13th August, 2016

Whether he wins or loses the US presidency next November, Donald Trump has already come up with one of the defining slogans of 2016 – “Make America great again”.

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China warns ‘protectionist’ Australia on investment

Posted by seumasach on August 17, 2016

Asia Times

SYDNEY/BEIJING (Reuters) – Australia’s decision to block the A$10 billion ($7.7 billion) sale of the country’s biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, China’s Ministry of Commerce said on Wednesday.

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Propaganda: the Chinese are expansionists

Posted by seumasach on August 15, 2016

Voltairenet

14th July, 2016

The Court of Arbitration (the PCA) at the Hague ruled in favour of the Philippines in its case against the People’s Republic of China, rejecting Chinese territorial claims over the Spratly Isles in the South China Sea.

For the Western Press, this is a sign that the United States is right to denounce Chinese expansionism.

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Russia, US edging nearer to agreement on Alleppo

Posted by seumasach on August 15, 2016

PressTV

15th August, 2016

Russian military officials say Moscow is close to reaching an agreement with Washington on how to coordinate fight against militants in Syria’s war-ravaged city of Aleppo.

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Why China-bashing prevails in US politics

Posted by seumasach on August 13, 2016

Sputnik News

13th August, 2016

Ahead of the upcoming presidential elections in the US, New York-based political analyst Caleb Maupin shares his vision on some of American foreign policy issues, such as relationship with China: he is convinced that no matter who wins, the President elect will be assigned the task of intensifying the confrontation with Beijing. And here is why.

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The Brexiteer’s export argument is ‘unsophisticated’

Posted by seumasach on August 13, 2016

In fact, we’ve already been there: back in the last crisis the pound fell to as low as 1.05 euro without leading to a surge in exports. On the one hand the UK’s manufacturing base is depleted and on the other, as emphasized here, it is intertwined with production elsewhere. Interconnectedness makes a nonsense of Brexit which probably why in the end it will never happen. Isolationism is not an option and isolationist sentiment is merely a rejection of globalization which is no longer comfortably on our terms.

Business Insider

11th August, 2016

The argument by the pro-Brexit lobby that the fall in the pound would boost UK exports is “unsophisticated,” says Credit Suisse.

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Putin, Erdogan have a deal on Syria

Posted by seumasach on August 13, 2016

Russia enters into a military alliance with a NATO member: a historic shift of immense proportions. The ball is in the court of the EU/USA now: to accept a new reality or to continue in the futility of new cold war, anti-Russian hysteria. Turkey, as many predicted has emerged as a pivotal power in the 21st century. Like Russia it looks both East and West and towards the unification of the “world island” as Mackinder termed it: a free trade area from Lisbon to Vladivostok no longer looks so far away. All this as Washington shifts towards Oceanic retrenchment and the vagaries of “containment” of China. We are not moving forward in a straight line but we are moving forward.

M.K.Bhadrakumar

Asia Times

13th August, 2016

After Turkish President Recep Erdogan’s meeting with Russian President Vladimir Putin in St Petersburg, Ankara says the next administration in Syria should be inclusive and secular so that everyone can live with their beliefs. This is as close as Turkey has ever come to accept that Assad has a legitimate role to play.

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Foreign takeovers proliferate post-Brexit

Posted by seumasach on August 12, 2016

When you have massive debts and you’re never anywhere near to getting to0 the end of the month there are three logical options. Firstly, you can enter into a deal with your creditors, in this case, primarily, China. This is the now discarded Osborne option after the lately departed Chancellor of the Exchequer. Secondly, you can “take out” your creditors. This is the al Capone/Hillary Clinton option. Or, finally, you wait for the bailiffs. This is are post-Brexit option. As the pound falls the Chinese and others will simply buy up the UK in the Great British sell-off. In a way, it is good news since they could simply convert the sterling reserves to gold or other assets, leaving the pound to sink even further. By triggering the regionalization of the UK the Scottish independence referendum has helped to prepare for this scenario by dividing the country into bite-sized units forced to sell assets to make ends meet. Regional administrations can also easily be dominated by overseas interests. I have long argued for the first approach whereby we continue to act as a sovereign nation by resolving the debt issue through negotiations at state to state level. That approach has been spurned and the Panarin scenario looms. Of course, it’s not too late to change course.

From semiconductors to soccer, foreign takeovers are good news for Britain post-Brexit

CityAM

12th August, 2016

While alarmist in tone, this narrative is in part borne out by data – stats recently released by Thomson Reuters point to an increase in the value of foreign takeovers in the month after the UK’s vote to leave the EU. Almost 60 transactions totalling $34.5bn were struck by foreign companies for British firms in the month after 23 June, compared with 79 deals worth $4.3bn in the month leading up to the vote.

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Nuclear espionage charge for China firm with one-third stake in UK’s Hinkley Point

Posted by seumasach on August 11, 2016

A timely intervention by the Americans just to make sure there’s no backsliding on their post-Brexit, “containment” of China policy for us.

Guardian

11th August, 2016

The Chinese company with a major stake in the proposed Hinkley Point C nuclear power station has been charged by the US government over nuclear espionage, according to the US justice department.

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Does TPP matter? Does Singapore matter?

Posted by seumasach on August 10, 2016

“A purely military containment strategy worked against the USSR since the Soviet Union and its satellites formed an inward-looking economic autarchy, and Western Europe inevitably looked to the US and its massive economy as its only option for economic integration.

Not so in Asia.  The PRC under Deng Xiaoping made the decision to eschew the autarchy model and embed China in the world and regional economy.”

That’s why “containment” is more about regime change in countries which engage too closely with China. There have been successes so far in Brazil, Argentina and the UK but these may end up being Pyrrhic victories: the USA offers no alternative developmental model to the enormously successful Chinese one.

Asia Times

9th August, 2016

During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of a robust and prosperous East Asian security regime centered on economic integration and positive US engagement is fading as China has chosen to react to The Hague ruling by unilaterally redefining its role in East Asia in opposition to the security and economic regime the US is seeking to reinforce.

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Brexit meets Russia

Posted by seumasach on August 10, 2016

Britain’s post-Brexit foreign policy: detente with Russia, containment of China. This, presumably, is merely a reflection of US foreign policy- the culmination of the Obama doctrine and the policy basis of the next US presidency.  There is a logic here: just as confrontation with both Russia and China is unrealistic, so is detente with both together. If we are to finally bring an end to the Cold War then this is to be applauded. Russia and China cannot be turned against each other: this is not 1972. At the same to “containment” of China may turn out to be just a posture, although a very expensive one, especially for the UK. Washington intends to hold back, Canute-style, the incoming waves of China’s economic development model, partly by mimicking it with a neo-Keynesian policy shift. Neo-Keynesianism in one country is not possible: it has to be carried out globally on the basis of a new global financial architecture, a reset of the global currency system. In the end , constructive engagement with our main creditor and the world’s productive centre is inevitable.

Theresa May speaks to Russian President Vladimir Putin for the first time since becoming Prime Minister

Independent

10th August, 2016

Theresa May has spoken to Russian president Vladimir Putin for the first time since she became Prime Minister.

The Kremlin said both leaders expressed dissatisfaction with UK-Russian relations and pledged to improve ties.

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Posted in brexit crisis, Containing China, Global peace process | Tagged: , , , , , | Leave a Comment »

 
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