First devastating societal blow in Late-Modernity (8)

Part 5:  The shift from a Western to an Eastern model of society

Economic reality finances the social and cultural endeavors of a society and so the comparative influence of societies in the international sphere is given primarily by their economic power. The following table traces the evolution of economic power between the West and East-Asia over the last 20 years.

First devastating societal blow in Late-Modernity (7)

4.2. the last stand of ‘big capital holders’

Western big capital holders’ have always been well aware of the financial mess the US and Europe have gradually created for themselves. The core of their strategy now is to suck all they can out of their countries of origin and the easiest conduit to realize just that is through the national banks’ money creation capabilities.  The recently approved Cares’ act in the US gives them the legal cover they need to ensure a non-stop supply of free dollars from the Fed all the while imposing ‘the reason that is at work within capital’ to society at large.

The Cares’ act is the first step of a hastily conceived financial strategy to try to push through a radical worldwide reset of the governance-world. The plan is to finance a campaign to maximize the control of big capital holders over the whole earth by affecting the following 3 determinant factors of the governance-world :

First devastating societal blow in Late-Modernity (6)

Part 4.  The virus is the pin that deflated the bubble of everything

“  In less than three decades, a mere blink of the eye in historical terms, the United States has gone from the world’s sole superpower to a massive foundering wreck that is helpless before the coronavirus and intent on blaming the rest of the world for its own shortcomings.  … But how and why did this pitiable condition come about? Is it all Donald Trump’s fault as so many now assume? Or did the process begin earlier?

The answer for any serious student of imperial politics is the latter. ... two things are clear. One is that the process did not start under Trump, while the other is that it will undoubtedly continue regardless of who wins in November. Once collapse sets in, it’s impossible to stop.”  (1)