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The fury of Western regimes also has its geoeconomic reasons

Mikhail Gamandiy-Egorov, October 12

In the context of growing international escalation caused by the regimes of the Western planetary minority, geopolitical reasons are often cited, although one must not forget the geoeconomic component, which is also extremely important in strengthening the multipolar world order.

geoeconomic

Indeed, today more than ever, the fury of the Westerners and other regimes associated with the planetary minority is at its peak. While the growing escalation actively provoked by these regimes undoubtedly has geopolitical and geostrategic reasons, geoeconomics also plays a major role in it. This is due to the fact that the global majority has firmly understood that it is precisely the minority that depends on economic ties with the majority and not the other way around.
The main thing is that the rules of the game will be set by the global majority and no one else

The economic power of the global majority and the elimination of Western intermediaries

While the myths long propagated by the West are collapsing one after the other, thus actively weakening the positions of the planetary minority and those nostalgic for the bygone unipolar era of Western diktat, geoeconomic developments of the multipolar world continue to further isolate the Collective West in processes where its participation is absolutely out of place.

It is worth recalling that, in the new economic realities of the multipolar world, where one of the main roles is assigned to the BRICS bloc (realities which, moreover, ultimately showed all the impotence and futility of unilateral sanctions emanating from the Western planetary minority), the intensification of interaction between the main structures of the multipolar world order and the states of the Global South is an important vector. This includes cooperation in the format of BRICS–African countries.

Here everything becomes clear: China (as a single state) has for many years been the main and undisputed economic and commercial partner of the African continent, and our country is today actively making up for time lost in the 1990s and early 2000s. In this sense, France is already crying over the way Russia is replacing it in its “traditional markets” in North Africa with regard to grain exports. This, though, is far from being the only example.

It is also worth mentioning the global market of fertilizer, a very important import item for the agricultural sector of many African countries. For many years, Western “traders”, or rather simple intermediaries, were buying Russian fertilizers with the aim of reselling them to a number of African states. However, in the last few years the situation has changed radically. Now, Russian producers and exporters have established direct trade relations with their African partners, thus removing the absolutely unnecessary Western intermediaries from supply chains. The latter, of course, are extremely unhappy with their new fate or, in other words, their non-involvement.

Of course, there is still much to be done in order to get rid of the useless entities that have been parasitizing international trade relations for a long time. This is gradually coming to an end today. Given the new initiatives of the global majority, including once again within the framework of BRICS (both for international transactions and in the future with the creation of a platform for the commercialization of strategic resources and products, as well as for the organization’s member states and for partners from the countries of the Global South), it is becoming clear that the geoeconomic positions of the West, already in decline, will suffer new, very significant losses.

The global majority makes its own rules

Thus, another myth emanating from the Western planetary minority (that of its supposed “indispensability” in global trade and international supply chains) is also becoming a thing of the past. Here, too, everything makes perfect sense: apart from the fact that among the major world economies growth and new leading positions, including in terms of GDP-PPP are increasingly on the side of the BRICS nations and the global majority, while the Westerners, mainly from Brussels Europe, on the contrary observe an increasing loss of positions, it is enough to recall that a pure and simple demographic minority, which does not have volumes of strategic resources comparable to those of the global majority states, cannot occupy key positions in international trade.

This means that here the Western minority will have to accept that its economic domination has effectively and globally ended. When all the necessary financial mechanisms will be finally adopted and installed, mechanisms that are completely independent of the collective West thieves and speculators, this will be a point of no return. Hence, of course, the additional fury of the Western world’s parasitic speculators that have no connection with the real economy, and hence the additional reasons why this miserable little world seeks maximum escalation on the international stage.

In any case, there is no going back to the past. The time when humanity was parasitized by an arrogant, hypocritical and criminal minority is, in many ways, over. All that remains is to add a few more touches of multipolarity to global economic processes, and voila. The main thing is that the rules of the game will be set by the global majority and no one else.

 

Mikhail Gamandiy-Egorov, entrepreneur, political commentator, expert on African and Middle Eastern issues, exclusively for the internet journal “New Eastern Outlook

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