Is the world paying today the bill for a Wrong Theory?

By: Ahmed ELNAHAS – Montopoli, March 25^th 2014.

When Bill Clinton promoted and signed NAFTA (North America Free Trade Treaty); he did not only create the world’s biggest free trade zone between USA, Canada and Mexico; but also triggered a process that imposed new rules on world economy. Today the ‘West’ is obliged to make front with its negative balance’s outcome: Unemployment, Sinking Revenues, Pollution, and Social Injustice.

GATT, gave birth to NAFTA, which gave birth to WTO (World Trade Organisation), as the mechanism to monitor and control International Trade transactions, taxes, arbitrations, insurances, shipping…etc. Its major achievement was the inclusion of China! A market that everybody in the West thought would be the ideal funnel to absorb western products! Instead, it became the top attraction for “Delocalisation”.

Now, all European Labour Unions started to join forces with Environment Movements, Green Parties, Students Associations, and Anarchists to denounce the economic and financial degrade in Europe; being the direct outcome of Globalisation’s theory rules: all-out privatisation; drastic healthcare, education and welfare cuts; generating massive corporate delocalisation and unemployment soaring records.

On the other hand, we are witnessing another result to the issue: the extreme right movements and parties are overwhelmingly sweeping the world’s social and political circles. They are winning grounds everyday by any possible mean: Demagogic, Racial, Religious, Sectarian, Cultural, even Economic and Financial.

Next Wednesday, Barak Obama will be in Brussels trying to sell Ttip (Trans-Atlantic Trade & Investments Protocol) to the Western Old Economies. In an aggressive move, hoping to succeed in joining the two banks of the Atlantic into a strong economic bloc of Free Trade. He’s going armed with one ‘Ace’ and an ‘Atout’. His Ace id the TPP; or Trans-Pacific Partnership. A protocol, which opens a free trade zone for the USA and 11 states from both sides of the Pacific Ocean.

But his winning ‘Atout’ will be: Russia’s imperial ambitions’ eminent threats to Western and global stability. A new 20^th century style Cold War, run by Generals. By contrast, and according to Obama, it should be countered by a well orchestrated and ruthlessly unforgiving Economic Cold War; run by Multinational Corporations and Financial Institutions.

New game! New rules! Bullets vs. bank-notes? Bombs vs. Gold? No one ever played that game before.

A ‘Czar’ and an ‘Emperor’ are playing together; and the rest of the world will stand watching, to place the betting for both hands. Of course absorbing the losses, but never cashing any winnings.

Not even the wildest of Hollywood’s fantasies could come up with a similar scam.

Pass On The World.