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Wednesday, 29 March 03:11 (GMT -05:00)



Business And Politics News

New Global Crisis Is Coming, Some Experts Say


 

The very fact that more and more populists are getting integrated into the political elite all around the world is a sign that a new global economic and financial crisis is round the corner. Apparently, this is not the reason why the crisis is coming. This is just an indicator telling us just that.

 

Yet, this is not about Western Europe alone. Over the last few years, populism has become the world’s most popular political trend. But the question is, can we talk about one and the same phenomenon with common roots or can we say that the so-called global populism is nothing but fiction?

 

Populists have always come into power during crisis times in the political system as well as the society and economy. When the old school politicians cannot offer the people a distinct way out of the crisis, and plain folks are feeling scared and disoriented, when they don’t know what’s really going on, this is the time when populists start enjoying popularity.

 

Experts say that even though populism is a pretty old phenomenon, the contemporary form of populism has several distinctive features.

 

Peculiarities of today’s crises

 

Up until approximately in the 1960-1970s, all the major crises resulting in populists coming into power boiled down to the conflict between 2 major systems of values – the pre-industrial and industrial value systems.

 

The pre-industrial system of values and relations derives from an economy based on a relatively undeveloped level of commodity production. This means that the production level is low and is designed to serve purely domestic needs. The focus on redistribution rather than external trade. It’s clear that within such an environment the ultimate value is something the very redistribution of goods is based on, which is the ruler’s will.

 

As for the industrial system, it can boast decent production, and that’s why it’s superior to the pre-industrial counterpart. This means that the economy produces way more that it can consume and therefore has to export the goods and use some of the export revenues to cover the producers’ needs. This implies a network of close ties between trade partners. For those ties to work both ends and to be mutually beneficial for the participants, each of them needs guarantees. In this case, the ultimate guarantee is the private ownership right.  

 

Simply put, instead of a vertical hierarchy distributing the goods, we get an environment rich in horizontal ties between equal private owners. The environment naturally tends to go international.

 

Those 2 systems have been competing ever since they both came into existence. Moreover, within each of them, there is a fight going on to get the power and resources. That was enough to trigger major conflicts resulting in severe crises. Since mid the 1900s, a third system has been trying to come into play and dominate. This is the so-called post-industrial system of values, which emerged as the result of the increasing share of intellectual products in the global production value.

 

The thing is, intellectual products have a bunch of specific features preventing them from being included in the industrial system of values and trade relations.

 

By standing out form the crowd, the system creates a whole new ultimate value, which is the right for creative and intellectual self-expression. There is the same clash for resources going on within the 3rd system.

 

The whole point is, the world has got more complicated since there are 3 rivals instead of 2. This leads us to believe that understanding and predicting global processes, which used to be rather complicated, has now become even more complicated and less predictable than ever.

 

That’s why, amid the absence of clear and reasonable theories, most people out there get disoriented, including those who consider themselves as politicians or economists. At the same time, most of those experts keep on living with the old mindset and outlook, which is why they are basically unable to make decent decisions within a new environment and reality.

 

The economic and political picture of today’s world is in crisis. The picture describes the isolated elements of the system and therefore cannot present a complete view of what’s really going on. At the same time, the level of globalization in each and every field of human activities has gone beyond expectation. This only escalated the situation, turning everything into a permanent global economic, political, and management crisis. In its turn, the crisis resulted in permanent public discontent, promoting higher and higher demand for populism.

 

All of the mentioned systems of values are systemic, which means they penetrate each and every field, including politics, economy, etc. This means that each for them is trying to swallow the entire world. Since none of them can co-exist with the others, this is a tough fight going one at each level.

 

Experts say, that the humanity is now living the last couple of decades before facing a global crisis of values. A war for new values is coming. The war will end with one of the 3 systems dominating. No one can definitely tell which one is going to win the war. But one thing is sure, the humanity is on the verge of a new era and a new world.

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Yekaterina Kravets
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Soros, Rockefeller and Other Billionaires Ask U.S. Government to Raise Taxes for Them

The State of New York’s richest citizens – including some of the world’s richest families such as Soros, Rockefeller, Disney and others – have signed a petition to ask the local authorities to raise the taxes for the super-rich.

 

 
The extra money allocated as the result of those tax hikes are offered to be spend on schools, infrastructure, support for the homeless and other important things. The billionaires say that it’s time to invest in the long-term economic attractiveness of New York.
Publication date: 25 March 06:02 AM

Polish Defense Minister Calls Donald Tusk a Traitor

Not so long ago, Poland found itself in the middle of another political scandal. The thing is that the Polish Minister of Defense accused President of the European Council Donald Tusk in a diplomatic betrayal. For those of you who don’t know, Donald Tusk used to be the Prime Minister of Poland.
 
To be more specific, Donald Tusk was allegedly cooperating with Vladimir Putin when he was the Prime Minister of Poland. They Defense Minister claims that the aim of this cooperation was to undermine Poland’s national interests after the Polish President’s airplane crashed in Russia in 2010. Apart from the President, there were 95 people on board, including a lot of high-ranking Polish politicians. Unfortunately, nobody survived the crash.
 
Publication date: 24 March 09:48 AM

Candidate Macron Is Against Tighter Relations with Russia

Emmanuel Macron is a former French Minister of Economy and one of the candidates of the post of the President of France.  He thinks that France should be moving forward to tighter relations with the Russian Federation.
 

 

During the pre-election debates broadcast by TF1, Emmanuel Macron showed that he wouldn’t make friends with Moscow if he elected President of France. He thinks that France needs independence and tighter cooperation with fellow EU countries. He wants to make France stronger and more independent based on responsibility and real European policies.
 
Publication date: 24 March 12:49 AM

Russia's Become More Influential in the Middle East, Stratfor Says

According to Stratfor, a US-based private analytic company, Russia has really become more influential in the Middle East.
 
According to the recent report released by Stratfor the other day, since the Russian federation has deployed its troops in Syria, it has been increasing its role in the entire region. Apart from helping Iran (shipping weapons) and Egypt (investing through Russian tourists), Russia has been actively participating in several regional disputes at the same time.
Publication date: 23 March 09:32 AM

Evgeny Kiselev on 3 Years of Russia's Crimean Shame

For those of you who don’t know, a couple of days ago, Russia celebrated the 3rd anniversary of getting back the Crimea, which was essentially annexation. Evgeny Kiselev, a famous Russian journalist who later got the Ukrainian citizenship, decided to comment on the results of Russia’s annexation of the Crimea that took place 3 years ago.
 
Publication date: 23 March 04:27 AM

Europe Looks Helpless Under the Treat Coming from Russia, Experts Say

According to several experts, including Mikhail Samous, a military expert from Ukraine, at this point the entire Europe looks helpless when it comes to any possible threat coming from Russia.
 

 

To be more specific, Mikhail and his fellow experts assume that Europe has still failed to come up with efficient ways of resisting the kind of a hybrid war Russia has been waging in Ukraine, and even some other places around the world.

Publication date: 22 March 08:43 AM

Trump's in Search of Peaceful Conflict Resolution in Donbass

Donald Trump met with Angela Merkel. There are reported to have spent a lot of time discussing the situation in Ukraine.
 

 

Having talked to Angela Merkel, Donald Trump agreed with the idea of peaceful resolution of the Donbass conflict. However, he also gave everyone to understand that some other scenarios are possible as well. He said that ideally they are looking for the ways and means to resolve the conflict in a peaceful way.
Publication date: 22 March 02:54 AM

Queen Stats Brexit

From now on, the British government is allowed to start the so-called Brexit, i.e. the process of quitting the European Union for good. The thing is that the previously approved document aimed at starting the Brexit procedure is now signed by Queen Elizabeth II. This means that the British government has got a green light to implement the people’s will expressed during the corresponding referendum on June 23rd, 2016. From now on, there is no stopping Theresa may from starting the Brexit.

Publication date: 20 March 11:28 AM

It’s Necessary to Prevent Russia from Influencing the Balkans, Theresa May Says

According to British Prime Minister Theresa May, the Balkan states are in jeopardy. This threat is coming from Russia. That’s why she thinks that European leaders should establish tighter cooperation with those Balkan states that are not EU members to avoid letting Russia spread their influence over those states.

Publication date: 20 March 06:12 AM

Angela Merkel's Gonna Shed Some Light on the Situation in Ukraine for Donald Trump

Several Western online sources report that Angela Merkel is willing to tell Donald Trump all the truth about what’s really going on in Ukraine. The thing is that German observers assume that Donald Trump knows relatively little about the situation in Ukraine in general and the East of Ukraine in particular. That’s why they assume that their Chancellor seems to think that it’s now here responsibility as a European leader to shed some light on the situation and help the U.S. President understand the real state of affairs in the region, especially in the Crimea and Donbass.

Publication date: 20 March 05:35 AM