I’ve been reading similar head lines about this Paris summit for some days now. After reading this article it still doesn’t sound too special. Like it’s more problem oriented and has a bottom-up approach; so does anyone get what exaclty is " new " about it?
It’s nothing new, it’s just bringing the neo-colonial instruments of the Breton Woods institutions into the 21st century.
If we want to talk about genuinely new financial systems we can look at BRICS+, Shanghai Cooperation Agreement, the multitude of bilateral currency swap agreements, and regional currency swap blocs.
Dedollarization and multipolarity are coming and they’re coming hard. The G7 are simply scrambling for any possible way to maintain their imperialist arrangements, but it’s not going to work.
Thanks for your trouble in reacting to my question. In so far I see, I do agree with your first statement.
But, please refrain from using broken dogmas, neo imperialistische dreams and stay on topic. Your usage of last century rhetoric & phrasing is, indeed nothing new, and extremely passé.
You do realise that globalisation is the de facto driving force creating a multipolar world? Everything is connected. The G7 accounts for more than half the global wealth and 30- 40% of the world’s GDP Disregarding them isn’t wise, feasible nor possible.
Also, you do realise that: “the original acronym “BRIC” (or “the BRICs”) was coined in 2001 by* Goldman Sachs economist Jim O’Neill*.” Yes he was an “imperialist”.