Moon of Alabama Brecht quote
April 06, 2021

Will There Be A Global Resistance Economy?

Alastair Crooke's latest is, as usual, very interesting:

China and Russia Launch a ‘Global Resistance Economy’

What is ‘it’? It is not just a trade and investment pact with Tehran; neither is it simply allies helping each other. The ‘resistance’ lies precisely with the way they’re trying to help each other. It is a mode of economic development. It represents the notion that any rent-yielding resource – banking, land, natural resources and natural infrastructure monopolies – should be in the public domain to provide basic needs to everybody – freely.

The alternative way simply is to privatise these ‘public goods’ (as in the West), where they are provided at a financialized maximum cost – including interest rates, dividends, management fees, and corporate manipulations for financial gain.
...
The point is that – at the economic plane – the U.S., hyper-financialised sphere is fast shrinking, as China, Russia and much of the ‘World Island’ turn to trading in their own currencies (and do not buy U.S. Treasuries). In a ‘war’ of economic systems, America therefore starts on the back foot.
...
China has spectacularly made its entrance in the Middle East, and is challenging the U.S. with a resistance agenda. FM Wang, when he met with Ali Larijani, special adviser to the Supreme Leader Khamenei, framed it all in a single sentence: “Iran decides independently on its relations with other countries, and is not like some countries that change their position with one phone call”. This single comment encapsulates the new ‘wolf warrior’ ethos: states should stick with their autonomy and sovereignty. China is advocating a sovereigntist multilateralism to shake off “the western yoke”.

Wang did not confine this political message to Iran. He had just said the same in Saudi Arabia, before arriving in Tehran. It was well received in Riyadh. In economic development terms, China earlier had linked Turkey and Pakistan into the ‘corridor’ plan – and now Iran.

How will the U.S. react? It will ignore the message from Anchorage. It will likely press on. It is already testing China over Taiwan, and is preparing an escalation in Ukraine, to test Russia.

While I do not agree with every point - Iran and Russia are less socialist than the above assumes - the core push is IMHO correct as far as it is relevant to China, Russia and Iran. But can it go beyond them?

Anyway, there is more food for thought in it.

Posted by b on April 6, 2021 at 17:52 UTC | Permalink

Comments
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Mr. Baron

Minimum wage is only one thing.

The pensioners, typically receive 3,153 yuan per month, about half the national average wage for 2018.

The average premium of health insurance is about 10,000 USD, a substantial sum.

Pollution, in China, is another hidden cost that is often swept under the rug.

China has many people and is in the Age of Darkness when it comes to the intrinsic value of any human live in God's eyes.

Posted by: Fyi | Apr 8 2021 1:49 utc | 101

"China has many people and is in the Age of Darkness when it comes to the intrinsic value of any human live in God's eyes.

Posted by: Fyi | Apr 8 2021 1:49 utc | 101"

still talking crap... never stops with you does it? don't bother answering..

Posted by: james | Apr 8 2021 3:02 utc | 102

@102 james

"the concern is strong with this one" ;)

Posted by: Grieved | Apr 8 2021 3:19 utc | 103

@101; How bout' some links for all that crap you're barfing up?

Posted by: vetinLA | Apr 8 2021 4:12 utc | 104

Worth a read;

https://www.chinahighlights.com/travelguide/living-standard.htm

Posted by: vetinLA | Apr 8 2021 4:27 utc | 105

What I always have enjoyed was reading the comments on Moa. The articles b produces are good and sober. But the comments :D !
Of course karlof1 is always very good, psykohistorican and Nemisis is calling have their moments, and james has just recently started to prose his own opinion, (no more thanks james) but it is also founded in critical thinking, which I admonish.
Then we have vk, which can always supply a good laugh, he is so of the track! Do yo use a compass to vipe your a- hole?
Regarding post nr.5 Have you ever spoken to a Russian? Do you know one? Thought not. But thanks for the laughs.

Posted by: Den lille abe | Apr 8 2021 14:43 utc | 106

@steven t johnson #95
Always happy to see your confused and bizarre views of the world.
It is 100% clear that you have no real world, hands-on experience of anything you talk about nor that you have any capability in analysis.
Instead - you spout a bizarre collection of recycled junk collected from a wide range of propaganda sources.
But thanks again for contributing the least credible views imaginable.

Posted by: c1ue | Apr 8 2021 14:50 utc | 107

follow-up @Apr7 0:13 #47

Theme of China weaponizing the economy is being developed:

ZHedge (April 7): 'Pro-Crypto' Peter Thiel Warns Bitcoin "Could Be A Chinese Financial Weapon Against The US"

CNBC (March 18): China is building up its ability to weaponize trade, new report says

CNN (last year): China wants to weaponize its currency. A digital version could help

=

"Weaponizing" the economy follows on the theme of China "weaponizing" the WHO (which has been claimed since last summer):

Breibart-WSJ (March 18): Report: China Had Total Control over W.H.O. ‘Investigation’ of Wuhan

Newsweek (last year): Trump Adviser Claims China Sent 'Weaponized Virus'


!!

Posted by: Jackrabbit | Apr 8 2021 14:51 utc | 108

@Baron #99
You confuse a low standard of living with competitive advantage.
Germany does fine with high wages; China doesn't want to be poor forever.

Posted by: c1ue | Apr 8 2021 14:51 utc | 109

@ Posted by: Baron | Apr 7 2021 21:41 utc | 99

If labor costs are the problem with the USA, then the solution is very easy and simple: ban unions, precarize working conditions and lower wages in the USA down to the level of China. Problem solved.

Posted by: vk | Apr 8 2021 15:00 utc | 110

@ 103 grieved / 104 vetinLA

this fyi is one messed up dude.. not sure why i bother... religious delusion is very strong in this poster... he has drank the koolaid...

Posted by: james | Apr 8 2021 15:19 utc | 111

@ Posted by: psychohistorian | Apr 6 2021 18:37 utc | 3

'Why China is not a capitalist country – China’s theory is in line with Marx (but not Stalin).'

http://www.socialistaction.net/2017/09/14/why-china-is-not-a-capitalist-country-chinas-theory-is-in-line-with-marx-but-not-stalin/

Posted by: ftmntf | Apr 8 2021 17:11 utc | 112

@106 den lille abe

What a nice thing to read. One of the few compliments I have ever received on MoA.

But, yes, many posters here deserve a great deal of thanks for raising the bar of discussion.

Let us keep it up to round out b's superb parsing of info for the good bits he often delivers.

Posted by: NemesisCalling | Apr 8 2021 18:26 utc | 113

Wow! Crooke's essay is super and ties together many loose ends with lots of help from Wang's speech. And again, the huge point is upholding and strengthening the UN Charter and UN as an institution overtly aimed at eliminating the "rules based order." I'm quite pleased b made Crooke's essay that basis for this thread, and much might've been added to it, although the above comments are mostly very well made. What's most glaring is the Outlaw US Empire and its NATO vassals have no tools to counter this foreseeable development.

Posted by: karlof1 | Apr 12 2021 17:35 utc | 114

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