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The world's majority are facing a nihilistic, outdated, and bankrupt West

https://nuevaya.com.ni/opinion-ya/el-mundo-mayoritario-ante-un-occidente-nihilista-desfasado-y-en-bancarrota/

By Stephen Sefton

From Iran to Venezuela to Russia, each of the diverse and very serious threats to international peace demonstrates the absolute bad faith and nihilism of the ruling elites of the collective West. Regarding Ukraine, the political classes of the European powers conspire to sustain NATO's war against Russia because it is politically impossible for its protagonists to admit they have lost a war they themselves provoked. In the process, they have destroyed the lives of millions of Ukrainian families and ruined their own national economies with high levels of debt, high energy prices, and a completely undemocratic commitment to the militarization of their countries.

For their part, the US president and his team, far from seeking peace in Ukraine, superficially disassociate themselves from the conflict to avoid taking the blame for the defeat. They continue to supply weapons and guarantee intelligence, communications, and reconnaissance resources to sustain the Nazi-sympathizing regime in Ukraine. The Western elite supports the Zionist genocide in Gaza, increases its aggression against Iran, and besieges Venezuela. Despite all the history of the contemporary world, the collective West continues to harbor the insane belief that it can regain its global dominance, when Iran and Yemen have already demonstrated that another attack on Iran or an attack on Venezuela will surely have an adverse outcome for them.

Against Democratic Korea, their efforts to change the regime have failed for more than 75 years. They have failed to destroy the Cuban Revolution for 65 years. They have failed to overthrow the government of the Islamic Republic of Iran for more than 45 years. Now they are militarily threatening Venezuela after 25 years of endless commercial and financial aggression, violent destabilization, subversion and sabotage, psychological warfare, and diplomatic siege. Aside from demonstrating the insanity and perfidy of the collective West, this story also highlights the moral vision of the sovereign nations of the world that defend an independent future for their peoples.

The chronic incoherence of the collective West

The Western ruling classes also demonstrate their nihilism within their own countries. They fail to offer a strategic vision that responds to the aspirations and needs of their people. On the contrary, they betray their people with increasingly anti-democratic public policies of censorship, the criminalization of protest, and brutal police repression. This betrayal is another aspect of the chronic inconsistency between macroeconomic policies, foreign policy, and the commitment to ensuring good socioeconomic conditions, and is very evident in issues such as access to housing, employment, and technological competitiveness.

For the majority of the North American population, housing prices have risen far more than household incomes. Since 2019, the cost of a home for a typical family has doubled, while the cost of rent has increased by 32%, but incomes lag far behind. In the United Kingdom, housing costs have risen at twice the rate of wage increases. In the European Union, over the past 15 years, housing prices have risen 60% and rent prices have risen 25%. It is reported that 10% of the European population pays more than 40% of their income on rent or mortgage payments.

This housing crisis in the world's richest countries slows growth, increases inflation, and promotes greater inequality. It is yet another aspect of the stagnation of the European and North American economies, which is also reflected in unemployment. Major European countries such as Spain, France, and Italy have unemployment levels between 6% and 10%. In the United Kingdom, unemployment has risen to its highest level since 2021, and in the North American economy, employment is also stagnant. There, the official figure of 4.3% underestimates reality, and many observers argue that the official figure, which includes other categories, is more relevant: 8.6%.

The fundamental issue of energy

It's worth remembering that the European energy crisis includes not only the insane decision to abandon cheap and reliable Russian gas and oil, but also the lack of investment in infrastructure. The lack of adequate investment led to a near-total blackout of electricity supply in Spain, Portugal, and parts of southern France at the end of April this year. Similar problems occur with the North American electric power infrastructure, where most of it is 40 years old. Millions of new transformers, among other crucial components, need to be replaced each year, something the industry cannot meet.

In 2023, the US economy consumed 4,272 terawatt-hours (12.44 MWh per person), and US consumption is projected to increase by 25% by 2030. But it's impossible to see how the investment needed to reach this figure will be met when there is only 40.1 GW of renewable energy capacity under construction. President Donald Trump has blocked or delayed new wind and solar infrastructure in favor of hydrocarbon and nuclear plants. But installing new nuclear, coal, and gas-fired generating plants will take until the beginning of the next decade. There won't be enough electric generating capacity in time, let alone replacing outdated transmission infrastructure.

By contrast, China consumed 9,443 terawatt-hours (6.6 MWh per person) in 2023 and already has nearly 340 GW of renewable energy capacity under construction. Additionally, it has just produced its first 110-megawatt heavy gas turbine, ready for commercial delivery, further diversifying its independent energy mix. There are other factors at play as well. China is estimated to have nearly 40% of the world's skilled science, engineering, and mathematics workforce, compared to 9% in the United States. Overall, the figure for the major wealthy G7 countries is less than 16%, while for the major BRICS+ countries, the figure is more than 81%.

Another measure of technological competitiveness is the number of patents for new processes and devices filed each year. In 2023, China approved 46% of the world's patents, while the US approved nearly 19%. Together, the figure for the four main G7 countries was 39%, and for the four main BRICS+ countries, it was 50%. Above all, the widespread crisis, incoherence, and relative socioeconomic, energy, and technological backwardness of the collective West are combined with the increasingly complex difficulties of financial system instability and excessive debt.

The majority world's vision of the future

The desperation, lack of imagination, and nihilism of Western leaders stand in stark contrast to the goodwill, openness, dynamism, cultural and civilizational affirmation, and capacity for consensus-building of the BRICS+ countries and the Shanghai Cooperation Organization. Indeed, while these organizations continue to call for reforms to existing Western-controlled multilateral institutions, they forge ahead, exploring, agreeing on, and consolidating new institutional arrangements that better respond to the needs and aspirations of their peoples. These new structures demonstrate the initiative, imagination, determination, and capacity for respectful cooperation of the nations of the majority world and the complete anachronism of the collective behavior of the West.

The foundation of the new international order consists of loyalty to the traditions of civilization, faith, and spirituality, a commitment to collective cooperation, openness to other moral and cultural rationalities, and recognition of the dependence of human life on nature. In economic practice, it demonstrates how mutual trust allows for a successful reshaping of global supply chains and global energy relations in the face of the aftermath of the West's destructive bad faith and its counterproductive nostalgia for its lost global dominance.

New international reality

This reality is particularly evident in the failure of Western attempts to impede China's technological development. They have been unable to sabotage the supply chains of its high-tech industry, while high-tech business sectors in Japan, South Korea, and Europe see themselves losing important trade opportunities for nothing. On the contrary, both Japan and South Korea are seeking to modify the unfair agreements imposed by the US government in exchange for less onerous tariffs. For Japan, this involves paying a US$550 billion tax on purchases and investments in the US economy, and for South Korea, a total of US$350 billion.

While China, Russia, India, and Iran are intensifying their cooperation across the Eurasian region, promoting and realizing their vision of human development for their peoples and their sister nations in the region, Western elites continue their destructive and counterproductive pattern of destabilization and regime change. The growing ties between Arab countries and the Eurasian region have been underscored by the mutual defense pact between Saudi Arabia and Pakistan. India has demonstrated that it prefers to deepen its relations with Russia and develop its rapprochement with China rather than subject its sovereignty to the dictates of President Trump.

As President Vladimir Putin explained these days, “…the fundamentally new global atmosphere, in which the Global Majority countries are increasingly setting the tone, promises that all actors will somehow have to take into account each other’s interests when seeking solutions to regional and global problems… All these new structures are different, but they are united by one crucial quality… They are not against anyone; they are for themselves. Every culture and civilization should make its contribution because, I repeat, no one knows the right answer separately. It can only be generated through a joint constructive search, combining, not separating, the national efforts and experiences of various countries…

“This is pragmatism and realism: a rejection of bloc philosophy, an absence of rigid, externally imposed obligations or models with major and minor partners. Finally, it is the ability to reconcile interests that rarely align completely, but also rarely fundamentally contradict each other. The absence of antagonism becomes the guiding principle… A new wave of decolonization is now emerging, as former colonies are acquiring, in addition to statehood, also political, economic, cultural, and worldview sovereignty. Multipolarity and polycentrism are not just concepts; they are a reality that is here to stay… The era in which a select group of the strongest powers could decide for the rest of the world is gone, and gone forever.”