by De-dollarization is a process that Pepe Escobar sees as not only underway but also the inevitable outcome of Western overreach in the form of imposition of neoliberalism, neo-imperialism, and neocoloniztion through hybrid warfare including economic. Weaponizing the dollar pushed the Global South and East over the edge. In terms of the world system, de-dollarization can be viewed as an extension of decolonization, which is the real meaning of multipolarism, and which is being led by China and Russia against the US and its "allies" that are actually more vassals than allies.Ever exuberant, Pepe may be getting ahead of the curve in his enthusiasm. The Empire is not dead yet and it will resist, since this is an existential threat to its existence. Ukraine is likely just a warm-up.The
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Moving forward
Dean Baker writes Health insurance killing: Economics does have something to say
NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
Ever exuberant, Pepe may be getting ahead of the curve in his enthusiasm. The Empire is not dead yet and it will resist, since this is an existential threat to its existence. Ukraine is likely just a warm-up.
Russia and China will complement each other in those technologies where one of the parties seeks advancement – Vladimir Putin“We recently met with a colleague from China, we spoke very frankly in many areas and agreed that we should complement each other there – especially in high-tech industries – where one of us achieves some kind of movement forward,” Putin said, noting that we are talking about the exchange of information and assistance in the development of the market.
According to Vladimir Putin, it is necessary at the government level to develop tools to support exports, and there are government structures that are doing this.
“I am sure that colleagues in friendly countries will support this. Unmanned aerial vehicles do not suffer from African swine fever, so I am sure that it will be even easier than promoting pork to the Chinese market,” the Russian President noted with a smile.