Tuesday, May 30, 2023

G7 Should Be Shut Down




Volume 28, Number 145 — Sunday , May 28, 2023


G7 Should Be Shut Down


This is an undemocratic body that uses its historical power to impose its narrow interests on a world that is in the grip of a range of more pressing dilemmas. writes Vijay Prashad.




Leon Golub. U.S., “Vietnam II,” 1973.


By Vijay Prashad
Tricontinental: Institute for Social Research




During the May 2023 Group of Seven (G7) summit, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States visited the Hiroshima Peace Memorial Museum, near where the meeting was held. Not doing so would have been an act of immense discourtesy.

Despite many calls for an apology from the U.S. for dropping an atomic bomb on a civilian population in 1945, U.S. President Joe Biden has demurred. Instead, he wrote in the Peace Memorial guest book: “May the stories of this museum remind us all of our obligations to build a future of peace.”

Apologies, amplified by the tensions of our time, take on interesting sociological and political roles. An apology would suggest that the 1945 bombings of Hiroshima and Nagasaki were wrong and that the U.S. did not end their war against Japan by taking the moral high ground.

An apology would also contradict the U.S. decision, backed fully by other Western powers over 70 years later, to maintain a military presence along the Asian coastline of the Pacific Ocean (a presence built on the back of the 1945 atomic bombings) and to use that military force to threaten China with weapons of mass destruction amassed in bases and ships close to China’s territorial waters.

It is impossible to imagine a “future of peace” if the U.S. continues to maintain its aggressive military structure that runs from Japan to Australia, with the express intent of disciplining China.



Tadasu Takamine, Japan, Still frame from: “God Bless America,” 2002.



U.K. Prime Minister Rishi Sunak was given the errand to warn China about its “economic coercion” as he unveiled the G7 Coordination Platform on Economic Coercion to track Chinese commercial activities.


“The platform will address the growing and pernicious use of coercive economic measures to interfere in the sovereign affairs of other states,” Sunak said.

This bizarre language displayed neither self-awareness of the West’s long history of brutal colonialism nor an acknowledgement of neocolonial structures — including the permanent state of indebtedness enforced by the International Monetary Fund — that are coercive by definition.


Nonetheless, Sunak, Biden and the others preened with self-righteous certainty that their moral standing remains intact and that they hold the right to attack China for its trade agreements.


These leaders suggest that it is perfectly acceptable for the IMF — on behalf of the G7 states — to demand “conditionalities” from debt-ridden countries while forbidding China from negotiating when it lends money.



Kent Monkman, Canada, “The Scream,” 2017.



Interestingly, the final statement from the G7 did not mention China by name, but merely echoed the concern about “economic coercion.” The phrase “all countries” and not China, specifically, signals a lack of unity within the group.

European Commission President Ursula von der Leyen, for instance, used her speech at the G7 to put the U.S. on notice for its use of industrial subsidies: “We need to provide a clear, predictable business environment to our clean tech industries. The starting point is transparency among the G7 on how we support manufacturing.”

One complaint from Western governments and think tanks alike has been that Chinese development loans contain “no Paris Club” clauses.


The Paris Club is a body of official bilateral creditors that was set up in 1956 to provide financing to poor countries who have been vetted by IMF processes, stipulating that they must pledge to conduct a range of political and economic reforms in order to secure any funds.

In recent years, the amount of loans given through the Paris Club has declined, although the body’s influence and the esteem its strict rules garner remain. Many Chinese loans — particularly through the Belt and Road Initiative — refuse to adopt Paris Club clauses, since, as Professor Huang Meibo and Niu Dongfang argue, it would sneak IMF-Paris Club conditionalities into loan agreements.


“All countries,” they write, “should respect the right of other countries to make their own choices, instead of taking the rules of the Paris Club as universal norms that must be observed by all.” The allegation of “economic coercion” does not hold if the evidence points t
o Chinese lenders refusing to impose Paris Club clauses.



Francesco Clemente, Italy, “Sixteen Amulets for the Road (XII),” 2012–2013.



G7 leaders stand before the cameras pretending to be world representatives whose views are the views of all of humanity. Remarkably, G7 countries only contain 10 percent of the world’s population while their combined Gross Domestic Product is merely 27 per cent of global GDP.


These are demographically and increasingly economically marginalised states that want to use their authority, partly derived from their military power, to control the world order.


Such a small section of the human population should not be allowed to speak for all of us, since their experiences and interests are neither universal nor can they be trusted to set aside their own parochial goals in favour of humanity’s needs.



Elisabeth Tomalin, U.K., “Head,” ca. 1920
.


Indeed, the agenda of the G7 was plainly laid out at its origin, first as the Library Group in March 1973 and then at the first G7 summit in France in November 1975.


The Library Group was created by U.S. Treasury Secretary George Schultz, who brought together finance ministers from France (Valéry Giscard d’Estaing), West Germany (Helmut Schmidt), and the U.K. (Anthony Barber) to hold private consultations among the Atlantic allies.


At the Château de Rambouillet in 1975, the G7 met in the context of the “oil weapon” wielded by the Organisation for Petroleum Exporting Countries (OPEC) in 1973 and the passage of the New International Economic Order (NIEO) in the United Nations in 1974.

Schmidt, who was appointed German chancellor a year after the Library Group’s formation, reflected on these developments: “It is desirable to explicitly state, for public opinion, that the present world recession is not a particularly favourable occasion to work out a new economic order along the lines of certain U.N. documents.”

Schmidt wanted to end “international dirigisme” and states’ ability to exercise their economic sovereignty.

The NIEO had to be stopped in its tracks, Schmidt said, because to leave decisions about the world economy “to officials somewhere in Africa or some Asian capital is not a good idea.”


Rather than allow African and Asian leaders a say in important global matters, U.K. Prime Minister Harold Wilson suggested that it would be better for serious decisions to be made by “the sort of people sitting around this table.”



Louise Rösler, Germany, “Street,” 1951.



The private attitudes displayed by Schmidt and Wilson continue to this day, despite dramatic changes in the world order.

In the first decade of the 2000s, the U.S. — which had begun to see itself as an unrivalled world power — overreached militarily in its War on Terror and economically with its unregulated banking system.

The war on Iraq (2003) and the credit crunch (2007) threatened the vitality of the U.S.-managed world order. During the darkest days of the credit crisis, G8 states, which then included Russia, asked surplus-holding countries of the Global South (particularly, China, India and Indonesia) to come to their aid.

In January 2008, at a meeting in New Delhi, French President Nicolas Sarkozy told business leaders,

“At the G8 summit, eight countries meet for two and a half days and on the third day invite five developing nations — Brazil, China, India, Mexico and South Africa — for discussions over lunch. This is [an] injustice to [the] 2.5 billion inhabitants of these nations. Why this third-grade treatment to them? I want that the next G8 summit be converted into a G13 summit.”

There was talk during this period of weakness in the West, that the G7 would be shut down and that the G20, which held its first summit in 2008 in Washington, D.C., would become its successor.

Sarkozy’s statements in Delhi made headlines, but not policy. In a more private — and truthful — assessment in October 2010, former French Prime Minister Michel Rocard told U.S. Ambassador to France Craig R. Stapleton, “We need a vehicle where we can find solutions for these challenges [the growth of China and India] together — so when these monsters arrive in 10 years, we will be able to deal with them.”

The “monsters” are now at the gate, and the U.S. has assembled its available economic, diplomatic, and military arsenals, including the G7, to suffocate them.


The G7 is an undemocratic body that uses its historical power to impose its narrow interests on a world that is in the grip of a range of more pressing dilemmas. It is time to shut down the G7, or at least prevent it from enforcing its will on the international order.



Fabienne Verdier, France, “Branches et Bourgeons, Étude Végétal” — “Branches and Buds, Nature Study,” 2010
.


In his radio address on August 9, 1945, U.S. President Harry Truman said:


“The world will note that the first atomic bomb was dropped on Hiroshima, a military base. That was because we wished in this first attack to avoid, insofar as possible, the killing of civilians.”

In reality, Hiroshima was not a “military base.” It was what U.S. Secretary of War Henry Stimson called a “virgin target,” a place that had escaped the U.S. firebombing of Japan so that it could be a worthwhile testing ground for the atomic bomb.

In his diary, Stimson recorded a conversation with Truman in June about the reasoning behind targeting this city.

When he told Truman that he was “a little fearful that before we could get ready the Air Force might have Japan so thoroughly bombed out that the new weapon [the atomic bomb] would not have a fair background to show its strength,” the president “laughed and said he understood.”

Two-year-old Sadako Sasaki was one of 350,000 people living in Hiroshima at the time of the bombings. She died 10 years later from cancers associated with radiation exposure from the bomb.


The Turkish poet Nazim Hikmet was moved by her story and wrote a poem against war and confrontation. Hikmet’s words should be a warning even now to Biden against laughing at the possibility of renewed military conflict against China:

I come and stand at every door
But none can hear my silent tread
I knock and yet remain unseen
For I am dead for I am dead.

I’m only seven though I died
In Hiroshima long ago
I’m seven now as I was then
When children die they do not grow.

My hair was scorched by swirling flame
My eyes grew dim my eyes grew blind
Death came and turned my bones to dust
And that was scattered by the wind.

I need no fruit I need no rice
I need no sweets nor even bread
I ask for nothing for myself
For I am dead for I am dead.

All that I need is that for peace
You fight today you fight today
So that the children of this world
Can live and grow and laugh and play.




Vijay Prashad is an Indian historian, editor and journalist. He is a writing fellow and chief correspondent at Globetrotter. He is an editor of LeftWord Books and the director of Tricontinental: Institute for Social Research. He is a senior non-resident fellow at Chongyang Institute for Financial Studies, Renmin University of China. He has written more than 20 books, including The Darker Nations and The Poorer Nations. His latest books are Struggle Makes Us Human: Learning from Movements for Socialism and, with Noam Chomsky, The Withdrawal: Iraq, Libya, Afghanistan, and the Fragility of U.S. Power.

This article is from Tricontinental: Institute for Social Research.



5 comments:

  1. Yes, this demoNcratic richman's party should die the way of dinosaur.

    In the old, when their money & military might called the shots, they could dictate as they like.

    But not NOW!

    The world has awaken to the fact that those insidious backhanded sopo operations in manipulating the world trends can no longer be allowed to continue.

    New order, calls for new scheme with new sopo-economic format.

    But those dying bitches would still trying their contemporary manoeuvres in destabilising those new awakening forces in maintain their greedy grips on directive dominations.

    It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.

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  2. The writer deliberately set out to belittle the pivotal contribution USA made to the liberation of the Pacific nations from Imperial Japan.
    The liberation simply would not have happened without the sacrifices of USA in blood and treasure.

    The fact is before August 6, 1945, Japan was militarily defeated but had absolutely no intention to surrender.
    The horrific Japanese defence of Iwo Jima and Okinawa showed that Japan was fully committed to exacting the maximum cost from any invasion of Japan, which their hardliners hoped would force USA to end the war in Japan's favour.

    The atomic bombs on Hiroshima and Nagasaki were not the only reasons for Japan's surrender, the 11th hour opportunistic Russian involvement in the Pacific war being the other important reason.

    However, the Atomic Bombs were a key reason, specifically mentioned in the Japanese Emperor's speech announcing the end of Japanese hostilities and accepting the Allies terms.

    The A-bombs saved a lot of lives by bringing the Pacific War to a quicker end.

    No need for the US President to apologise for the A-Bombs.

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    Replies
    1. Wakakakaka…

      Another parade of know-nothing Yankee one-upmanship by its recalcitrant myrmidon!

      "the pivotal contribution USA made to the liberation of the Pacific nations from Imperial Japan"

      Wow…

      What about the initial Yankee financial & military HW supports given to the Jap to launch his wantonly The Greater East Asia Co-Prosperity Sphere?

      What caused this first-cohabiting-friend-then-later-bloodletting-enermy between the Yank & the Jap?

      Ooop… how long has USA made to the liberation of the Pacific nations from Imperial Japan? & what r the current sopo-economic standings of ALL these Pacific nations?

      Mfer, u know not of the fate of those inhabitants of the Bikini Atoll! Ditto the present day slavery state of the US Army Garrison-Kwajalein Atoll, Republic of the Marshall Islands in the Central Pacific Ocean.

      Yaloh liberated from the militant Jap & turned into slaves of the modern Yank after 80+yrs after WWII!

      No need to flowery apologize for the A-bomb. Apologize to those disenchanted, displaced & still living from day-to-day Pacific islands natives!

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  3. IMF is The global Lender of Last Resort.
    Like the Chettiar and local Pawn Shops, you know you are in major trouble when you have no choice but to go to them.
    Their terms are necessarily tough and painful.
    Tough Love.
    There is no way around it.

    There is no point Bitching about the IMF's terms.
    If your country got to the point of having to go to begging to the IMF , cup in hand, YOUR Country asked for it.

    China's loan terms are a state secret as part of the conditions of the loan, which is very dangerous to the people of the countries that borrowed large amounts from China.
    We find out only when it became impossible to avoid publicity, such as Sri Lanka's Hambantota port. The port project found it impossible to repay China loans, so Sri Lanka found that it has ceded its sovereignty to that piece of land to China for 99 years.

    The New Colonialism indeed, proof that Imperialist Colonial Masters not only have to be White Men.

    Chinamen are perfectly good Colonial Imperialists once they have power over you.

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    Replies
    1. Typically capitalist fart of twisting!

      IMF is The global Lender of Last Resort vis-a-vis the Chettiar and local Pawn Shops!

      Wow… have u tried reading & understand the initial founding principles of the IMF?

      Ooop… u ONLY read the one diarrheafed by the USofA & his elected puppets!

      Called yrself a businessman? More likely a silver spoon-fed know nothing f*ck living on our ancestors' heirlooms.

      "China's loan terms are a state secret as part of the conditions of the loan"

      All loan agreements r known only to the signees - PERIOD. Not yr abang-adik flatulentic type that u penned.

      Mfer, have u read carefully about that Sino-SLanka Hambantota port project deal?

      More likely u r just regurgitating diarrheas u knew not & swallowed before!

      A simple question, if China did jump in to give a big help to SLanka's Hambantota port project, what would be its fate.

      Cannibalized by IMF to the best fits of those Yankee Wall Street vultures at a song! Never mind about the hell livings of those SLankan, too!

      BTW, where is that colony of Hambantota port?

      The port is alive & kicking with all the workers getting a decent living standard.

      Instead, a 70 percent stake of the port was leased to China Merchants Port Holdings Company Limited (CM Port) for 99 years for $1.12 billion. This $1.12 billion, however, was not used to pay off the debt obtained to construct the port. This significant dollar inflow was used to strengthen the country’s foreign reserves and make some short-term foreign debt repayments. To be precise, it is fair to say that the money earned from the Hambantota port deal was largely used to cover balance of payment (BOP) issues resulting largely from the soaring debt servicing cost while Sri Lanka’s export and FDI inflow growth remain sluggish.

      Mfer, sleep tight with yr know-nothing myth of Hambantota port project fart!

      Delete