Global economics

Dear Reader: This editorial 444 – the number calls for attention – is dedicated to a global overview, the world “right now”, so unstable with imbalances everywhere that what we are living is fluxes and jumps. Let us start with two major relations: Nature-human, the US-the Rest. Look at the human-nature relations. We are used to being on top, killing and taming animals, protected against many of nature’s hazards including micro-organisms. But nature comes up with ever smaller viri, and larger, or more, tsunamis and earthquakes, and an erratic climate. We oscillate between blaming ourselves, including military scheming, and the anthropomorphic “Mother Nature is angry” (Evo Morales). If nature is angry, she has good reasons for a good riddance of us. And we are slow at a deeper human-nature relations respecting and enhancing both. Nature is on top and our natural sciences are simply not good enough, taken by surprise...

 The announcement was made yesterday – August 15 – by Japan’s Finance Ministry: In the last quarter of the year the Japanese economy grew at an annualised rate of 0.2%. “One wonders if the economy will remain at a standstill for the rest of the year”, the Financial Times asks. But then Japan’s economy has been becalmed for 30 years. Even though the government has poured billions of dollars into the economy it has had only a small effect in boosting demand. One wonders when the government will give up and what happens then – another decade of minimal growth? If that is what happens how much does it matter? To the Japanese themselves it seems not that much. By and large they are contented with their lot. The rest of the word may be worried as a powerful country is importing less and less. It does not contribute to...

. How far behind the West is China? Is its economy still booming so it could within 20 years overtake America? Is its military becoming of such a strength it will take the big decision to confront the US navy in the South China Sea? While it is obvious that the Chinese leadership is much more far sighted and cautious than, say, Donald Trump, can one conclude with 100 % certainty that potentially dangerous clashes won’t occur? The communist leadership believes that before long it will be the world’s biggest economy. Yet if one looks at national income per head it is way down the league table of economic achievers. Size is not everything. Moreover, if one starts from a low base, as China did before the paramount leader, Deng Xiaoping, introduced capitalism in 1978, fast rates of growth, as reported in government statistics, overstate what is happening in many...

What follows are preliminary reactions to both the BREXIT vote and the world according to Trump, but also a commentary on the related alienation of large segments of the public that are being badly served by both the established elites and their demagogic adversaries. The failures of neoliberalism, the successes of digitization, the scourge of random violence, and more broadly, the dilemmas posed by late modernity are among the root causes of this global crisis of legitimate governance, which is deepened while being mishandled by unprecedented ecological challenges, extremely irresponsible geopolitical leadership, and a variety of ultra-nationalist backlashes against the encroachments of economic globalization. Imagining the World After the Cold War After the end of the Cold War there were various projections that tried to anticipate the likely future of the world in broad interpretative strokes. Three of the most influential conjectures by three prominent American authors received attention in...

The background is the two major communist parties in the world. Russia Communist Party-Bolshevik made the November 1917 revolution; from 1922 the Communist Party of the Soviet Union, CPSU(b). CPC, the Communist Party of China, now celebrating its 95th anniversary, made the 1 October 1949 revolution. World-shaking events; in the world’s biggest state in area and in the world’s biggest state in population. The revolutions cut into the modernity contradictions in the State-Capital-People triangle by conquering State-military and police. Two lasting achievements of CPSU(b): State Planning of the economy – maybe five years at the time, pjatiletka – now found in most countries; and lifting some bottom up to meet basic needs, surprisingly quickly. But CPSU(b) exercised gross structural violence in the countryside. And CPC, imitating CPSU(b), made the same mistake to start with. Then they became different. Russia got stuck with the Party on top of the State, for...

Af Claus Kold Fra Månen kan man ikke se Danmark, lige meget hvor godt man kigger. Det kan man ikke, fordi Danmark er en kulturlig konstruktion, som er inde i danskernes hoveder, og som derfor ikke kan ses. Man kan heller ikke se Rusland, USA eller Indien. Disse stater er nemlig også kun inde i hovederne på de mennesker, der tilfældigvis er født og opvokset i det, de har valgt at kalde fx Israel. Danmark er m.a.o. en tilfældighed. Det kunne lige så godt ikke eksistere, eller ligge et andet sted eller danskerne kunne tale et andet sprog, som de godt nok ville kalde dansk, men som ikke lød dansk – for os, de rigtige danskere. Stater og statssystemer har ikke altid eksisteret, og op gennem tiden har de, der eksisterede, haft meget forskellige form. De har været religiøse, familieeje, enemandsvælder, étpartistater – i dag er det dominerende ideal territorialt...

China is changing world geography, or at least trying to do so. Not in the sense of land and water like the Netherlands, but in the sense of weaving new infrastructures on land, on water, in the air, and on the web. It is not surprising that a country with some Marxist orientation would focus politics on infrastructure–but as means of transportation-communication, not as means of production. Nor is it surprising that a country with a Daoist worldview focuses politics on totalities, on holons and dialectics, forces and counter-forces, trying to tilt balances in China’s favor. How this will work depends on the background, and its implications. Two recent books, Valerie Hansen, Silk Road: A New History (Oxford University Press, 2012) and Peter Frankopan, The Silk Roads: A New History of the World (Knopf, 2015) see them as arteries connecting the world, globalization, before that term became a la mode....

Review of John Avery’s book by Dorothy Guyot A Scientist Presses for Action on Many Fronts: A review of the book The Need for a New Economic System By John Scales Avery Selected Works Volume 1, 291 pages Irene Publishing Sparsnäs, Sweden 2015 The Need for a New Economic System by John Scales Avery is an important book for everyone concerned over the future of humanity. The urgent voice of the book stems from Dr. Avery’s seeing the discontinuity between the loving care that people bestow on their children and their failure to reduce the harm to their children from a destructive economic system, climate change, resource depletion, and war. This book of advocacy demonstrates the need for solutions to problems created under the present economic system. Political-economic analyses of the causes of the problems and of solutions are outside of the scope of the book. Scattered through the book...

Washington, DC The Big View is the West doing badly, euro and pound down with miserable growth rates; US $-growth rate better but erratic; China, India, Islam growing, Latin America (CELAC) getting its act together and probably growing. This matters for essentially bankrupt USA: China, India, Islam, CELAC are huge powers with huge minorities inside the USA: they could move in, take over. Last week’s prediction about Trump’s foreign policy came true the next day (Washington Post 22 Mar 2016): less wars, not affordable, less NATO, let Europe do it, no nation-building, building our own. He was then branded “isolationist” with US incapacity for a third option: foreign policy by peacefare. Diagnosis Any economy has two key faultlines: high vs low class, with inequality by exploitation; real vs finance economy, with crises by speculation. LEAP Press Review (noreply@leap2020.net 17 Feb 2016) traces “something Big was about to happen” to February...

/01/tff-pressinfo-357-denmark-decency-and-decay-14/”>Article 1/4 Article 2/4 But why? One can point to many reasons for such a tragic development in an otherwise decent, wealthy and hitherto well-respected country. • It’s become too easy to go to war. The generation of politicians who might have a sense of war are long gone. If you take property owned by people who have fled thousands of kilometres because their life opportunities have been smashed and who carry just what they could grab in a hurry and carry – you simply have no idea of what life is like in a war zone. Neither do you see any need for advisers. • Only a small percentage of Danish politicians have any international experience, no special competence, in international affairs – in sharp contrast to the 1970s-80s. • Knowledge, broad civic education and cultured manners have been replaced by marketing consultants, styling experts, and fast politics salesmanship....

From very high up three major countries-states stand out clearly: China, the most populous; Russia, the largest; USA, the most military. With three leaders, Xi, Putin, Obama, with much power on their hands. And here is the key hypothesis, presumably more right than wrong: China-Xi: positive peace; Russia-Putin: negative peace; USA-Obama: war. We have in mind China – also a region – building relations for reasonably mutual and equal benefit with China all over the world, spinning Asia-Europe-Africa together in a road-rail-ship-air Silk network available to all (with major mistakes in the South China Sea). We have in mind Russia – itself also a region – calling to Russia leaders in violent conflict from all over the world, seeking cease-fires and accommodation (making itself a major mistake in Syria). And we have in mind USA – more than a state, less than a region – since WWII ended killing more...

it will be 5.1%. This is less than the 5.3% before the great recession (precipitated by American banks), but considering all its recent knocks, not least China buying less raw materials, Africa is holding up pretty well. In fact what we used to call the “Third World” is a mixed bag of good and bad news. Which would you like to read about first? More bad news? Here it is: Emerging markets for the sixth consecutive year face falling growth rates. Currencies have hit 15-year lows. Stocks, once soaring ahead of developed countries, have been flat for the last 6 years. Private sector debt has been increasing fast. The outflow of funds has accelerated and in the last year was over one trillion US dollars. Stock market and currency turbulence have raised questions about where China is going. The late president of France, Charles de Gaulle, once quipped about Brazil,...