Friday, September 16, 2022

‘Samarkand Spirit’ to be driven by ‘responsible powers’ Russia and China — Pepe Escobar

The Greater Eurasian Partnership was proposed by Putin in 2015 – and it’s getting sharper as the EAEU commission, led by Sergey Glazyev, actively designs a new financial system, based on gold and natural resources and counter-acting the Bretton Woods system. Once the new framework is ready to be tested, the key disseminator is likely to be the SCO.

So here we see in play the full cohesion of goals – and the interaction mechanisms – deployed by the Greater Eurasia Partnership, BRI, EAEU, SCO, BRICS+ and the INSTC. It’s a titanic struggle to unite all these organizations and take into account the geoeconomic priorities of each member and associate partner, but that’s exactly what’s happening, at breakneck speed.

In this connectivity feast, practical imperatives range from fighting local bottlenecks to setting up complex multi-party corridors – from the Caucasus to Central Asia, from Iran to India, everything discussed in multiple roundtables.
"Dollar hegemony" under Bretton Woods, which is long in the tooth, is now a target, along with post-WWII US hegemony. What will emerge as a replacement is now being fashioned, and it looks like a system tethered to real resources is in the works.

See also

ECNS (Chinese official English news service)
China's trade with SCO members up 26 pct in Jan-Aug
Xinhua (Chinese state-sponsored media)

1 comment:

Peter Pan said...

This will work!

Everyone wants to build a better world, but this has to be based on something tangible. Good intentions, responsible behavior, spirit of cooperation, etc. are platitudes.

On energy policy, resource consumption, consumer culture, globalism, trade, and sovereignty, the status quo is being reaffirmed. This is business as usual, with some swapping of acronyms.

I'm all in for kicking Washington out of the driver's seat. But having Russia and China drive civilization over a cliff isn't what I signed up for.