The Internationalism

Internationalism No. 33, November 2021 Page 7 The signing of the Regional Comprehensive Economic Partnership ( RCEP ), a major Asian trade agreement, in November 2020, was remarkable because India decided not to take part in it while Japan was determined to strike a deal with China, despite the difficult political transition underway in Washington. Some questions arose at that time. Would the EU show as much autonomy from the United States on the Euro-Chinese economic negotiation front? Would India eventually join the RCEP ? Would the United States return to the competing transpacific project? Would China also seek to join also the Trans-Pacific Partnership ( TPP )? TPP ’s variable geometry In December 2020 came the first reaction from the European Union, which signed the EU-China Comprehensive Agreement on Investments ( CAI ), ignoring a request from Joe Biden’s new presidency to stall the proceedings. On September 16 th , 2021 the question regarding China w...

Internationalism No. 33, November 2021 Page 6 Can a good recovery do damage? The answer is: yes, sometimes it can, if it triggers major imbalances. The capitalist mode of production is a source of imbalances, inequalities and asymmetries. This time, the imbalance is largely due to the states which have concocted an unexpectedly strong recovery, pulled along by private consumption, with their stimuli, subsidies, relief, tax cuts and zero-rate credits. According to The Economist , the stimuli handed out by governments during the pandemic amounted to about $10,400 billion in the world, equal to one eighth of the 2020 gross world product in current dollars. According to the April IMF Fiscal Monitor , governments, additional expenditure and lost revenue in the advanced economies were equal to 16% of the sum of their GDPs, in the face of losses which, in the final balance sheets, amounted to 4.5% of it. A good part of this went on governmen...

Internationalism No. 33, November 2021 Page 3 From the series European News In a lawsuit brought by Prime Minister Mateusz Morawiecki, the Constitutional Tribunal, which is composed of judges chosen by the government, ruled that fundamental parts of the EU Treaty are incompatible with the Constitution of the Republic of Poland. This ruling thus denies the primacy of European law over national law, undermining both the political assumption of continental integration and the supranational character of the EU . Vectors of Polish history We can shed light on this event if we consider the four field vectors that cross Poland: its traditional ethnic-religious nationalism, its marked Atlantic tropism, the objective attraction exerted by the European force field, and the looming threat of Russia. The general picture is global collisions: China’s irruption and the crisis in the world order have put pressure on Warsaw to define its st...

From the series The world car battle If at the beginning of the 21 st century electrification had technological limits in batteries, both in terms of cost and range, these are now partly overcome, because electric cars have a range of 240-450 km, more than enough for 95% of journeys of less than 50 km. The major obstacle remains the construction of a network of charging stations and their integration with the electricity grid. The race between China, Europe, and USA UBS Evidence Lab, a team of UBS bank experts working in 55 specialised labs to provide data on investment decisions, predicts that cost parity between electric and internal combustion cars will be achieved in 2024 [ Inside EVs , October 20th 2020]. By then, the development of car electrification will be self-sustaining without government subsidies. Bloomberg New Energy Finance (BNEF), in its report Electric Vehicle Outlook 2020 , estimates that by 2022 carmakers will have 500 different models of electric cars avai...

From the series European News Climate policy is now openly the object of the imperialist contention. The EU, driven by the German acceleration, has set itself targets that impose a fast pace on continental industry: climate neutrality by 2050 and, as an intermediate step, a 55% reduction in emissions by 2030 compared to 1990 levels. In July, the Commission presented the Fit for 55 package, which details in legislative proposals the objectives of the Green Deal formulated in 2019. A decisive decade The EU plan is initiating a major fight between the powers, the political forces and the large groups. It has set a thirty-year agenda, but the next decade will be crucial, said the Commission President Ursula von der Leyen. The reform will require a qualified majority in the Council and in the EU Parliament, a process that will probably take two years. The Financial Times reports that France, Italy, Spain, Hungary, Latvia, Ireland and Bulgaria have already raised concerns about the...

The dialectic between economic weapons and weapons of war in the crisis in the world order requires specific reflection where concerns European imperialism. Dealing with monetary weapons in their book War by Other Means , Jennifer Harris and Robert Blackwill place great emphasis on the strategic success of the European monetary federation: Through forging the eurozone, Germany has also realized its century-long quest for a pliant European market for German manufacturing. Both of these were things it had previously tried (and failed) to accomplish by force. The long quotation below is from the speech Helmut Schmidt made to the Bundesbank Council in 1978 in favour of the EMS, the European Monetary System that would lead to the euro. Classified as confidential for 30 years, the text was declassified in 2008. There emerges from it a highly political vision of the German use of the monetary weapon and of the strategic weight of a single continental market: What now concerns German pol...