War Summit Everyone knows it, everyone agrees, but that element of Washington’s “our way or the highway” geoeconomic policy won’t vanish anytime soon
BLACK POWER: Cops spray their way through a crowd of protesters.
deal – resisted by Washington on myriad levels. Frau Merkel wanted “her” summit to focus on three crucial issues: climate change, free trade and management of mass global migration – none particularly appealing to Trump, a believer in a Darwinian approach to global politics. So what the world got was an unexciting muddle through – inbuilt contradictions included. The Boss, once again, was Chinese President Xi Jinping, calling on G20 members to privilege an open global economy, strengthen economic policy coordination, and be aware of the enormous risks inherent in financial turbo-capitalism. He duly called for a “multilateral trade regime.” To back it up, China deftly applied giant panda diplomacy – offering two of them, Meng Meng and Jiao Qing, to the Berlin zoo as a friendship gesture. Merkel’s commentary was not so cuddly, “Beijing views Europe as an Asian peninsula. We see it differently.” Well, for all practical purposes, what Chinese and German business interests do see
6 ColdType | August 2017 | www.coldtype.net
Photo: Thorsten Schröder / Flickr.com
further on down the road is Eurasia integration – with the 21st-century New Silk Roads, aka Belt and Road Initiative (BRI) starting in eastern China and ending in the Ruhr valley. Now that’s a practical definition of how a “multilateral trade regime” should work. Add to it the just-clinched, massive trade deal between the EU and Japan. For all practical purposes, geopolitically and geoeconomically, Germany is moving East. The BRICs nations – China, India, Russia, Brazil and South Africa – met on the sidelines and, what else, called for a “rulesbased, transparent, non-discriminatory, open and inclusive multilateral trading system.” President Putin went one up – stressing financial sanctions under political pretexts hurt mutual confidence and damage the global economy. Everyone knows it, everyone agrees, but that element of Washington’s “our way or the highway” geoeconomic policy won’t vanish anytime soon. And then we had the anti-globalisation group Attac, criticising Merkel for staging a “cynical production.” As much as the chan-
Published on Jul 14, 2017