New Dawn Special Issue
Vol 16 No 4 (Aug 2022)
from NewDawnMagazine Website
at the St. Petersburg International Economic Forum,
17 June 2022
was one of the final pieces written
by the late Australian geopolitical analyst
For several years,
James had been writing
on these matters for New Dawn.
Today we are witnessing
the beginning of the new
As usual, it received very little coverage in the Western mainstream media, which prefers to ignore developments in Russia or, if it mentions them at all, denigrate the importance of what is happening.
This year's conference was notable on several grounds.
It featured a
groundbreaking speech by Russian President Vladimir Putin (of
which more below), but perhaps even more importantly, it
foreshadowed major changes in geopolitics and the world economic
Developments such as China's Belt and Road Initiative (BRI) have instigated new relations between countries that mark a significant transition away from the system created and dominated by the Western powers of Europe, North America and Australasia over the past 300 years.
That era is rapidly
drawing to a close. However, it won't be a peaceful transition and
things will likely get a lot more fractious before the new world
order is established.
But, again, these
developments scarcely rate a mention in the Western media, long
transformed by its own sense of importance and used to dealing with
the developing world in other than an exploitative way.
One only needs to recall the invasions of Afghanistan and Iraq by United States-led forces based on allegations that Afghanistan was sheltering Osama bin Laden, the alleged mastermind of the "9/11 attacks" in the United States in Sept 2001, and in the case of Iraq that they possessed weapons of mass destruction.
Bin Laden died from
natural causes in December 2001. His obituary was even reported in
the New York Times. However, his death did not result in the
Americans and their allies withdrawing from Afghanistan with
They are joined by their
Australian colleagues who similarly refused a 2001 demand by the
Iraqi government to vacate their country.
Unfortunately, none of these real motives for the invasion and prolonged occupation of Afghanistan were ever given much coverage in the Western media.
The first of these is the emergence of what some have called the "New G8," which combines four of the BRICS nations (Brazil, China, India and Russia - but excluding South Africa) with four other emerging nations:
heads of state recently participated via video link in the 14th BRICS
Summit held in China:
The inclusion of Turkey
in the grouping is perhaps the only surprise, given that country's
membership of NATO, but it marks the increasingly independent stance
taken by Turkey in managing its affairs.
Putin said that new centers of power had emerged and that the old unipolar world order was not coming back.
Putin noted that the United States had declared itself the victor of the Cold War and subsequently saw itself as the leader of the world in which its views were paramount.
Putin rejected United States unilateralism.
He referred to the,
Those changes were, he said,
Over the past two years, Putin noted, the money supply in the United States has grown by 38%. In the past, similar rises took decades but now it grew by 38% or $5.9 trillion in two years.
The European Union money
supply also dramatically increased over the same period. It grew by
about 20% or €2.5 trillion.
The Western world tried to undermine and even crash the Russian economy with its sanctions.
The reverse has been the case with the cost of living in Europe being driven up.
The West says high energy prices are "Putin's price hike," which is a profoundly ignorant attempt at misdirection.
Putin labeled this a,
The Russian leader assessed that the Western establishment's disconnection from the people,
Troubles with the food supply did not arise over recent months but can be traced back several years.
The West caused those problems, Putin argued, in what he described as the,
Trade flows have been
disrupted and distorted by printing money and what he described as a
"predatory colonial policy."
It is difficult to argue against that analysis...
The Kiev regime did
nothing to implement the provisions of the Minsk accord of 2015, and
their total lack of action in this regard, apart from the inevitable
breaking away of the two Donbass republics and Crimea, led directly
to the war that has now broken out.
This is an open power grab by the Ukrainian president and his government, removing any opposition to their rule. This power grab and the cancellation of the legitimate existence of opposition parties receives no attention in the Western media.
Instead, the Ukrainian
president appears to be the darling of the West, with a
willingness to overlook his manifest flaws and anti-democratic
tendencies and policies to an astonishing degree.
This is an event the
Western media persistently misreports as Russia's "annexation" of
He evoked what he called "true multilateralism" in which the emerging economies of the world - not coincidentally making up the bulk of the nations in China's Belt and Road Initiative - had to have,
The world, said Xi, is now entering a new period of turbulence and transformation amid the ongoing radical changes and the coronavirus 'pandemic'.
The growing divide between the South and the North and weakening cooperation in the area of development could plunge the erratically reviving global economy into a deep recession.
Xi quoted in his speech what he described as ancient Chinese words of wisdom, where,
These two groups of largely developing nations are uniting in a common interest of closer international agreement.
Countries that have been outside the Western-centered economic structure are combining to promote a genuine system of international cooperation.
the construction of a new
International North-South Transport Corridor
from Mumbai to the Baltic through Iran,
the Caspian Sea, South, and Central Russia.
Launched in 2002, the route is
a shorter and cheaper alternative
Suez Canal route.
The development of a new order was one of the themes developed by Putin in his speech.
This theme is finding favor not only in the international groupings noted above but is symbolized by developments on the ground like the International North-South Transport Corridor linking Russia with the Persian Gulf via the Caspian Sea and Iran.
Russia has started using
this new route to ship goods, bypassing the Mediterranean Sea/Suez
both from a recognition induced by economic crisis and war,
and the unfair advantage it offers Western powers.
An alternative economic order is now taking shape.
For example, at the recent 23-24
Russian President Vladimir Putin announced that
BRICS (Brazil, Russia, India, China, South Africa),
is "exploring the possibility of creating an
international reserve currency based on
the basket of BRICS currencies."
Eurasian Economic Union official, Sergei Glazyev (above),
is the leading proponent for an independent
international monetary and financial system
based on sovereign equality of all nations.
In the hybrid war that the Western world is currently waging against the whole of humanity, he emphasized common interests with African countries.
He says we are on the same front line, and to survive this war we need to strengthen economic ties, especially if a common exchange base was created to unite the Eurasian, Asian and African continents.
Glazyev invited listeners
to develop cooperation in creating this new monetary, financial,
trade and economic architecture.
They are the way of the
future for countries like Australia, which has largely ignored the
realities of its geography and will face considerable challenges as
it is forced to turn away from the United States to ensure its
One can expect the United States to take steps, which it is already doing, to combat this challenge to their previous supremacy.
The pressure put on
Germany to cancel the
Nord Stream 2 project is one
example of the United States fighting the emergence of a new system
that challenges its previous dominance.
In Putin's view, he wrote,
The emergence of new multinational arrangements and multiple new trade routes approve a more powerful force than the old United States-dominated system.
To invoke a Chinese curse:
That may prove the
It will not be a change without challenges. It is the chance to recreate the world's economic and social system in a new way.
The challenge should be welcomed...