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Monday, 22 May 09:32 (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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Macron Will Shift the Balance of Powers in the Normandy Format in Favor of Ukraine

For those of you who don’t know, the so-called Normandy format was created to resolve the difficult situation in the East of Ukraine. France is one of the participants. As you know, Emmanuel Macron has recently won the presidential election in France. This means that he is going to become the successor to Francois Hollande as President of France, participating in the Normandy format as the French representative.

 

 
Publication date: 17 May 08:48 AM

Stratfor Gave Prediction for the next 3 Months

The other day, Stratfor released another quarterly prediction for the global geopolitical situation.
 

 

According to the report, the USA will try to settle the nuclear dispute with North Korea. Europe will be waiting for the results of the presidential election in France. Russia will dive even deeper into the local problems. The OPEC will extend the Vienna Accord aimed at cutting oil production.
 
Publication date: 10 May 10:26 AM

The Price of Defeating North Korea May Be Too High

These days, more and more experts start talking about a possible war against North Korea. However, they also say that the price of defeating North Korea may be too high for the USA and its allies.

 

 
For now, North Korea seems to have made considerable progress in creating nuclear arms, which is something that worries the entire world, especially as North Korea keeps on making harsh statements and threatening the USA, South Korea and Japan. The recent test launch of ballistic missiles in North Korea are now treated as wake-up call and real threat. Theoretically, there is a threat that North Korea may hit American military facilities located in Japan and South Korea. As the US Navy is moving closer to the Korean peninsula, international observers are talking about the possibility of another armed conflict between North and South Korea, even though both of them are still at war with each other.
Publication date: 26 April 01:16 PM

Sixteen Structural Reforms Is the Cost of the Next IMF Tranche to Ukraine

Anders Aslund, a Swedish economist and a Senior Fellow at the Atlantic Council, commented on the current and future cooperation between the IMF and Ukraine. He claims that Kiev will have to implement at least 16 structural reforms in order to get another tranche from the International Monetary Fund. He also explained why the IMF is still cooperating with Ukraine.

Publication date: 26 April 11:01 AM

Putin Underestimated Ukrainians When Invading Ukraine, Atlantic Council

American private institution Atlantic Council assumes that Vladimir Putin underestimated the Ukrainians when invading Ukraine.
 

 

They say that the hybrid war started by Russia in Ukraine has been going on for the 4th year. There were times when nobody believed that Ukraine would hold on even for 4 weeks. The thing is, the Crimea was annexed without any fight, which made international experts believe that Ukraine was weak and completely dependent on Russia. This stand point used to be popular in Moscow as well. Some Russian politicians expected a complete victory in a couple of months, but back than Ukraine was vulnerable after the revolution, which lead to the end of Yanukovich’s regime, while the temporary government was lacking legitimacy to seriously resist Russia. Back then, Russia got a chance to occupy the rest of Ukraine. Vladimir Putin seemed to be encouraged by the success in the Crimea.
Publication date: 26 April 08:37 AM

Experts on Statements Made by Russian Officials about Russian Economic Recovery

International experts have commented on the recent statements made by several Russian officials about some economic recovery in Russia. They say that the weak economic growth isn’t backed by higher standards of living in the Russian Federation.

Publication date: 23 April 02:05 AM

USA Today Names the Reasons Why the USA Is Concerned about the Situation in Ukraine

USA Today has named the reasons why the United states should be concerned about the armed conflict in the East of Ukraine.

 

Previously, US Secretary of State Rex Tillerson asked his European colleagues why American taxpayers should be concerned about the situation in Ukraine. The answer came from his French colleague, who said that the United States should be interested in a strong Europe. On top of that, there are some other reasons why the USA shouldn’t stop thinking about Ukraine.

Publication date: 21 April 12:00 PM

Trump's Plan on Syria: Russia to Stay in Syria, Asad Has to Leave

At this point, several media sources, including Associated Press, report they know the details of the offer brought by Rex Tillerson to Moscow during his official visit. Now, everyone seems to be wondering what exactly Rex Tillerson and Sergey Lavrov discussed during their meeting in Moscow.
 

 

First of all, the sources claim that the USA is ready to unite forces with Russia to destroy the ISIS once and for all. Secondly, Bashar Asad has to quit anyway. He will be even allowed to go to Russia or Iran to avoid prosecution. Thirdly, a temporary government need to be established in Syria to back stabilization and holding a democratic election in Syria. Russia can stay in Syria to back security but they shouldn’t interfere with the local politics.
Publication date: 18 April 11:34 PM

Today's Russia-US Relations Are Worse Than During Obama’s Administration

At this point, the bilateral relations between Moscow and Washington are even worse than they used to be during Obama’s administration. This is what President Putin thinks on the matter.

 

 
Even though the Russian president thinks so, he hasn’t commented on the details of this degradation in the bilateral relations between the 2 superpowers. He assumes that the level of trust between the United States and the Russian Federation has dropped, especially on the military level.
 
Publication date: 18 April 11:05 PM

Will North Korea Become Another Syria for the USA?

The latest events in Syria made many international observers change their mind regarding President Trump. The current conditions also show that getting rid of North-Korean leader Kim Jong Un may also become a major goal for President Trump.

 

 
The news that U.S. aircraft carrier Carl Vinson suddenly reversed and moved to the Western part of the Pacific Ocean in the direction of the Korean Peninsula attracted the interest of the international community. Given the 59 missiles launched to hit a Syrian airbase a couple of weeks ago, this maneuver of the aircraft carrier does raise a lot of concerns.
Publication date: 18 April 03:29 AM