A concept who’s time has come
Global consciousness
“Although technological powers will be vast and progress will likely be made, the normal level of social resistance and political stalemate is likely to oppose change. Thus, it may take an occasional environmental collapse, global wars and terrorism, or yet unknown calamities to force the move to global consciousness.”
… William E. Halal, Emerging Technologies and the Global Crisis of Maturity
The weight of population and currency lies with China and India and we can expect them to make their expectations known in return for bailing out the collapsed fiat monetary system.
The development of the European Union sharing a common currency and legal system is already expressing its thoughts on the excesses of Wall Street dragging down their economies.
“The market will sort it out” is a redundant concept. The ‘market’ itself is broken beyond repair.
When the G20 meets in April, we can only hope for some extraordinary outcomes that will set the direction of an equitable New World Order which has been mooted for just on half a century.
Greg Naylor
Lee
David Naylor
GREG'S LEGACY 
Greg, according to Obama’s speech last night, the yanks have no intention of relinquishing their hold on the rest of the world. But that means continuing with all of their BS.
I see he’s even relented on his promise to curtail (bailed out companies’) executive greed, one of the major planks (IMO) of the platform he was elected on. And then he goes on about energy priorities, of which “clean coal” is a major component. No such animal exists.
Afghanistan is the new Iraq. Iraq troop withdrawls will be completed by middle of 2010, except for (wait for it), 40,000 to 50,000 “advisors” to train Iraqi troops.
GM is racking up “accounting” fees of the magnitude of US$1.2b to address its insolvency problems.
jr
26 February 2009 at 7:02 am
US congressman Ron Paul says US military interventions around the world show that American politicians are in pursuit of a “world empire”.
But at the same time European leaders call for a ‘global new deal’ and amid much talk of a “post-American world,” many observers see a shift from a US-dominated international order toward a multipolar system, in which countries like China, Russia, and several others compete for global leadership on a range of common challenges and risks.
We have to have faith that the European and Asian powers have enough clout to prevent the US from having its own way in all things. We have to understand that the world does not rotate around the US.
Greg Naylor
26 February 2009 at 9:29 am
QUOTE: “We have to understand that the world does not rotate around the US.”
It’s not us that have to understand that, Greg. It’s the general US citizenry that has to get their collective brain around that.
jr
26 February 2009 at 1:02 pm
I stand corrected! JR
Greg Naylor
26 February 2009 at 3:40 pm
I agree the US is kidding itself if it thinks it can maintain the position as the world’s dominant capitalist nation. Obama is saying he’ll “halve the deficit” (of several $trillion) by the end of his 1st term – wow! – and that’s 4 years away. Obviously the world is not going to sit back and wait for America to get out of this mess, so who do you believe will emerge as the new dominant power … and when and how will they do it?
Ray Dixon (Bright)
26 February 2009 at 9:37 pm
The current global economy is based on the $US and that has to change as America owns the printing presses and they can simply print their way out of the mess. The rest of the world will not allow that to happen.
I think it will have to be a system like Australia’s based on a ‘basket of currencies’. Paul Keeting got that right and I feel it may have contributed to our survival entering this crisis.
I expect there will be a battle, hopefully at the G20 summit, with different financial systems competing for inclusion in that basket of currencies.
As to the dominant power, we need a New World Order of nations including the European Union, China, India, the Arab nations (Iran?) and America. Anything short of that will bugger us all.
Greg Naylor
26 February 2009 at 11:29 pm
Thanks, Greg. Btw, your comments are running from bottom to top – tres confusing!
Ray Dixon (Bright)
27 February 2009 at 1:02 am
I have been messing around under the dashboard. It should be fixed now.
Greg Naylor
27 February 2009 at 1:39 am
Ray, here is some heavy speculation on how China might destroy the Euro. If China could accomplish this it would ultimately gain the global financial political clout it is so desperately seeking, and wouldn’t have to go to war to obtain it.
Only last week, we saw Hilary Clinton back off on China’s human rights issues in her economic discussions with China. America desperately needs Chinese investment to pay for it’s stimulus package/s.
Greg Naylor
27 February 2009 at 2:07 am
Yeah, well it figures that China with its massive population, cheap workforce and over-industrialisation will be the next world economic power, if they’re not already. Where did those 1,850 Bonds jobs go again?
Ray Dixon (Bright)
27 February 2009 at 5:25 pm
Without a doubt, China will emerge as a world superpower, easily surpassing the struggling US, but we shouldn’t count out the EU. Although they have a long way to go with some of their internal problems, collectively, they have the largest economy in the world.
But i agree – the next few years will tell, and like Ray said, if they aren’t already, it (China) will certainly be.
Dylan
28 February 2009 at 6:33 pm