The Internationalism

Internationalism No. 73, March 2025 Page 11 The Lehman Brothers bankruptcy in September 2008 has gone down in history as the symbol of the financial crisis and of the subsequent “great recession”. According to our Marxist analysis, that economic earthquake revealed above all a world power balance transformed by Atlantic decline and Chinese rise. It was a crisis in global relations and, in fact, we can also count the birth of the BRICS among its strategic consequences: the coalition of China, India, Russia, Brazil, and South Africa began meeting annually, demanding the reform of the international order to give the emerging powers a bigger say. G7 and BRICS in the G20 The firstborn son of the global crisis was the “Group of Twenty” (G20) which, as swiftly as November 2008, met for the first time in Washington at the level of heads of State and government. We wrote in our newspaper that this was the birth of a “new balance in power relations: the old metropol...

Internationalism No. 73, March 2025 Page 4 “By punishing his longtime allies with tariffs, Donald Trump is encouraging other nations to form trading blocs and networks that exclude the United States”. Whilst the New York Times treats the issue polemically, it constitutes an important strand of reflection in European and Asian assessments. The duties are a “declaration of economic war”, according to Le Monde. A rapid, temporary negotiating truce followed, with tariffs suspended in exchange for tactical concessions from Canada and Mexico. Whilst the “bluff” may have yielded some transitory results, a “permanent instability” is settling at the heart of American affairs. Unpredictability as a weapon is the strategy with which the new presidency intends to tackle, and perhaps even temporarily reverse, American decline. This, though, comes at the cost of compromising the United States” credibility as the guarantor of the old order and the network of alliances which...