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Why Russia is going to Ban Bitcoin?

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Russia’s Ministry of Finance has recently announced proposals to ban the issuance of bitcoin and any operations involving cryptocurrency.

On Friday (1st August, 2014), the Finance Ministry announced on the government’s regulation website that it was drafting a bill relating to cryptocurrencies, which, if approved, will likely see those who break the new laws end up in jail.

This announcement said:

“According to Article 27 of the Federal Law ‘On the Central Bank of the Russian Federation’ (Bank of Russia) the official Russian currency is ruble. The issuance of monetary surrogates in Russia is forbidden as well as the introduction of other monetary units. However, monetary surrogate has no standard definition in the Russian legislation.”

Russian authorties say Bitcoin is illegal
Back in February 2014., Russian authorities have issued warnings against using Bitcoin, saying that virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal.

“Systems for anonymous payments and cyber currencies that have gained considerable circulation – including the most well-known, Bitcoin – are money substitutes and cannot be used by individuals or legal entities,” the Russian Prosecutor General’s Office said on February 6.
It added that Russian law stipulates that the rouble is the sole official currency and that introducing any other monetary units or substitutes was illegal.

The Bitcoin community in the United States, which is far more developed than the one in Russia, has already come under intense scrutiny as authorities crack down on illegal activity carried out using the digital currency.

1.Bitcoin violates Russian Law
The decision to ban Bitcoin comes down from the Russian Prosecutor General’s office. The ruling is based on a 2002 law signed into effect by Russian President Vladimir Putin that reads, “the official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited.”

2.Russion Bitcoin Users could face Jail Lifetime
RIA Novosti reported that Russians who use Bitcoin could face some serious jail time. While there is no legal precedent for prosecuting Bitcoin users, RIA Novosti notes that the crime of money laundering will earn you 7 years in jail in Russia, while financial activities linked to “funding terrorism” can land you in jail for 15 years.

3.Bitcoin May Be Moving Closer to Regulation
Respected technology blog TechCrunch reported that Russia’s move to ban the currency could be the death knell for Bitcoin’s unregulated days. TechCrunch cites the recent ruling of a federal judge in Texas, as well as a German parliamentary inquiry, which have put some pressure on Bitcoin in recent months to become a regulated currency.

4.Getting Banned May Legitimize Bitcoin
The fact that Bitcoin is being taken so seriously by authorities means that it is becoming a more legitimate form of currency. Still, all this probably means that the Russian Subway restaurant mentioned in the tweet below will have to stop accepting Bitcoins.

5.Russia Is the Second Country to Ban Bitcoin
Russia is the second country to ban Bitcoin. China recently banned the cryptocurrency as well.
In addition, while Denmark has not yet banned Bitcoin, the Danish Financial Supervisory Authority doesn’t look on Bitcoin favorably. According to Bloomberg, an “amendment to existing financial legislation” might be written to deal with Bitcoin.

Here are some of Asian countries, shown their acceptance of Bitcoin:

bitcountries

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Economy

Pakistan: Heading towards Prosperity

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Prime Minister Imran Khan had been giving hopes to the nations for the national development by creating the jobs, and providing the shelters to the poor populations, during his party’s campaign for general elections 2018. Since holding the office, he has been trying to strategize the policies to fulfil his promises with the nation. Finally, PM Khan announced the incentives for the construction sector of the county. No doubt, such a giant enticement would help to create move jobs for unskilled, semi-skilled and skilled worker, and would revive the country’s economy.

Besides playing the pivotal role in infrastructural development, the Construction industry also improves the well-being of the nation through good & services. It is to be considered as the key driver of the country’s infrastructural development. Studies suggest that the construction sector’s output have a significant shares of 40-60% in the country’s gross fixed capital and have linkages with the 60+ other industries. In the age of globalization, without wide infrastructural development, the country can’t contain and maintain linkages with the international markets. The Economic Survey of Pakistan’s report reveals that the construction activity within the country has declined by 7.57 percent. The PM Khan’s time to incentivize the construction sector would help in the country’s overall growth and development.

Contemporary, Pakistan is facing two main challenges i.e. economic crises and the COVID-19. The later has disrupted all the economic and trade activates across the globe. With the closure of borders for any activity, the economic crises in the county like Pakistan became more complex and severe. PM Khan’s timely announcement at-least stimulate the nation to hope for the better and prosperous future. Incompetent contractors, delay in procurements, delay in payments, inaccurate costestimates, in-accurate project schedule, in-competent project team, lack of project planning,in-competent project manager, delays in providing site access to contractors, uneven cash flows and delays in the designing phase are some of the highlighted issues in the development of construction sectors in Pakistan. However, these challenges can be overcome by imparting the latest skills to workers and students,using digital tools for manufacturing, design and assembly, eliminating the corrupt trends& practices in the industry, improving land regulation and digitalising building control standardise and building laws. For this, Pakistan’s administrations need to draft firm policies that help the country to foster the fruit of the given relaxation to the construction industrialists.

Either it is the sessions of parliament or the press conferences, the opposition parties in Pakistan, target the PM Khan’s government due to catastrophe in the system, flaws in governance and declining trends in the economy. Although, in the initials years, the current government in Pakistan could not provide much to the nations-particularly in the development sector. However, one needs to understand that even in the developed countries, the governments and the leaders take time to fulfil their promises. PM Khan still remember his commitment to the nation and trying to deliver the best as per the country’s capacity. However, earlier, initiating KamyabJawan, The Ehsaas Amdan (Income) programmeand announcing a multibillion PM’s relief package during the COVID-19, are also the reflections of the leader’s visionary & longstanding efforts.It doesn’t mean to declare ‘Everything is fine’ in Pakistan, however affirming ‘Pakistan; Heading towards Prosperity’ is due.

To conclude, although, encouraging the investors in construction industry would help the to uplift the living standards of the populations, but the projects would need strong firm affirmation and commitments from all the stakeholders, as initiating a project never been a problem in Pakistan but the administration and management’s combine efforts and firm policies.

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The birth of the modern concept of economic war and Bernard Esambert’s thought

Giancarlo Elia Valori

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Without my friend Bernard Esambert there would not certainly be the current concept of “economic warfare”.

 Having studied at the Ėcole Polytechnicque, he is a natural heir to the best Colbertian, Saint-Simonian, positivist – and later Gaullist – tradition – which pervades the background and education of the modern and post-revolutionary French elites, with governments that pass and ruling classes that remain, as it must always be.

 It is no coincidence that, at the beginning of a book he wrote in 1971, Le Trosième Conflict Mondial, Esambert mentioned an old Saint-Simonian song, written by Rouget de Lisle, which glorified science and technology, as the new leaders of peoples after the so-called âge de l’obscurité. Rouget de Lisle, a French army officer, was the poet who wrote the words and music of La Marseillaise.

 Two facts that, symbolically, are certainly not by chance.

 After having been a mining engineer (and the engineering sector is traditionally a great area of recruitment for the intelligence Services and the French senior management) Esambert became a great commis d’Ėtat. Une vie d’influence, just to recall the title of one of his recent books, Une vie d’influence – dans les coulisses de la Ve République.

 Finally, Esambert became a point of reference for Georges Pompidou, who later called him to collaborate with him – as a man of influence – at the Presidency of the Republic.

 As Benedetto Croce – a too much forgotten philosopher – used to say, you can always and only implement “the possible liberalism”, well knowing that the real economy is made up of an agreement between private enterprise and State management, which is the one that always really counts.  

 It has always been and it will always be so. This is the first criterion for setting the scene of an economic warfare which – as Bernard Esambert himself noted for the first time – applies always and everywhere, and is never forgotten, unless severely defeated, even by the modern States that want to win a challenge that always lasts and has never one single face – a warfare, financial, technological, political, cultural and organizational one.

 The economic warfare worked well also in ancient Greece: the overpopulation in Athens; the need for commercial outlets in Central Asia; the expansion of Greeks to Southern Italy, where the Bruttians, after having taken their idols with them, hid in the mountains without ever seeing the sea again.

 The faces of economic warfare are always manifold and all of them always work. Whoever forgets some of them is always bound to lose.

 Certainly there are the current young and brilliant French analysts operating in the intelligence Services and the training sector, who belong to the Ėcole de Guerre Ėconomique (ĖGE) founded precisely by Esambert, based on an old idea developed by Christian Harbulot. There are also the new Italian initiatives in the academic world, all designed more to showing up and flattering the Heads of the intelligence Agencies, for whatever small favours – the usual and often imaginary “small powers” of the Italian academic world, always a bit stingy, after the long season of the roadshow organized by the Intelligence Department (DIS), at the time of the Interior Minister, Marco Minniti, as “Authority responsible for the Intelligence Services”, from 2013 to the end of Renzi’s Government.

 In this regard, we should also recall Ambassador Giampiero Massolo, who was the first supporter of the Italian intelligence services’ roadshow in the Italian academic world – now very badly damaged – more to improve the Agencies’ image than to really seek new recruits for the intelligence Services, which have always well selected their people inside and outside the universities, without any need for chattering or showing off.

 Moreover, as we all know, the young people who were recruited by means of the website sicurezzanazionale.gov.it were quickly dismissed from the Agencies and now vegetate in other sectors of the Public Administration.

 It is not a matter of “young” and “old” people or of creating some fashionable opportunities for declining universities, but rather of ensuring that the whole Italian ruling class endeavours for a well-designed and, above all, stable economic warfare.

 As far as I know, for the time being there exists only one specific Master in Economic Intelligence in Italy, organized by the Institute of High Strategic and Political Studies (IASSP) in Milan. I have been told that also Harbulot participated in it.

But once again, this has nothing to do with the decades-long tradition of intelligence and economic ruling class in France, Great Britain and even the United States, not to mention also the small countries that walked out from the Warsaw Pact, with great intelligence and efforts.

 It was Esambert himself, already present in an old but already usual and obvious Davos Conference – a now well-known fashionable meeting of those who believe they are authoritative people but, indeed, are nothing – who told about the exit of the old General Jaruzelsky, the strong man of the Polish counter-coup to avoid the occupation by a weak Warsaw Pact, when the old Polish General, whose right-hand man was a NATO spy, openly said he wanted Western investment in Poland and was also ready to progressively liberalize the zloty, as well as finally accept the Western business rules and Western capital coming to Poland.

 Obviously subject to the control of the old-but-new-regime.

 Here is the real success of an excellent economic warfare – not the many small stories that the globalized rich people usually tell to their useless and always gauchistes children, since it is fashionable.

  Incidentally, it should be recalled that even Adam Smith, the inventor of “political economy” according to the basic rules of the British global interests of his time, was a free trade theorist in the markets where Great Britain had to settle, but supported the strictest protectionism, just when it came to closing the national or colonial British markets to the attack of the cheap goods of European competitors and, later, of the 13 colonies that were to become independent on the East Coast of North America.

 Here, once again, the problem is scarcity, which just today – as always said by Esambert – seems far away, at least from what Mao Zedong called “the world’s metropolises”.

 However, there is instead the natural and induced scarcity. Nowadays we live in induced scarcity, which does not need wars “for raw materials” –  as the German geopolitics of the 1930s theorized – but it is the induced scarcity of modern consumption, which needs technology, expert management and States capable of expanding strategically, as well as modern factories. Here it is the new and inevitable economic warfare.

 Either we win or lose, but always continuously. In contemporary economic warfare, there is no “declaration of peace”. Quite the reverse.

 This is the real core of the issue. If we can no longer build monopolies by managing scarcity – as always happened when modern capitalism was established, according to  Adam Smith – how can we today favour the national companies and the typical products of our region, if there are no longer real trade wars, such as the penetration of the East India Company in the Far East and in China, or the British oil trade closures in the Middle East, to take Kurdish oil in Haifa when Churchill, as First Lord of the Admiralty, turned the British military navigation from coal into oil navigation, or the operations of the Belgian royal family alone in Congo, or the French possessions in Algeria, Morocco and Tunisia?

 The choice of Habib Bourghiba – Mussolini’s guest in Rome – to secretly deal with De Gaulle’s France Libre, when he realized that Rommel and his Afrika Korps were in disarray, can be considered a technique of economic and commercial warfare. He sold his Destour covert network, previously operating with the Axis, in exchange for independence, after the victory of the Western liberal democracies which Habib, indeed, did not like so much.

 Lacking a real effective and modern colonial experience, Italy still does not know how to export its productive potential, which is what really counts.

 From Giolitti’s to Mussolini’s time, Italy treated its colonies as simple ways out for the rural overpopulation, especially when the exit routes to the United States or South America were blocked.

 Italy made the only mistake it should not make.

 It even lost the Libyan oil, which was taken back only with the coup of Gaddafi, a creature of Italy’s intelligence Services.

 The Italian politicians currently in power support the idea of going abroad to transfer our potential for economic warfare either as door-to-door sellers of the all too famous Made in Italy – which, indeed, almost sells itself – or in search of external and distant areas where to make our agonizing small and medium-sized enterprises survive as long as possible, so as to squeeze every last drop of the labour cost differential.

 Either fashion, the brand – now in foreign hands – or begging to prolong the agony of some SMEs which are interesting for political, electoral and financial reasons.

 Two attitudes which are deeply wrong – precisely in substance. As Esambert used to say, every country goes to sell abroad certainly not to repeat the plot of the beautiful 1959 movie by Francesco Rosi, The Magliari, set – not by chance – in Germany, but to win and wipe out its competitors.

 This movie could teach much to the Italian politicians currently bleating for German “help”. They should watch it again and think about the behaviour of the two main characters -masterfully interpreted by Renato Salvatori and Alberto Sordi – who are defeated when trying to antagonize their Polish rivals, the previous “magliari”.

 You never go abroad to propose a factory or a business, but you always go – willingly or unwillingly – to propose a way of doing business, a success story, a lifestyle, a product that must therefore be ipso facto protected, supported, advertised – for which imitations must be stopped, on site and elsewhere, and for which it is necessary to create a stable dependence of the target country and a powerful image in the foreign market of reference.

 Nothing to do with the ramshackle, slow, inefficient, impolitic style – all aimed at simply making a deal, at striking a “bargain” – often characterizing our foreign policy, even in countries that Italy should tread very carefully and in which it should proceed with extreme caution.

 Foreign countries must be conquered with trade, exactly as they could be conquered with a real battled war, if this were possible today.

 In fact, every trade treaty is a peace treaty which, however, must clearly show the will of those who have won, i.e. – in Italy’s specific case – the productive system of those who have come from outside.

 Certainly, today even economic wars are no longer made – at least in principle – to support a market that can absorb our surplus.

 Marx’s old criterion of surplus value, which is certainly useful today as a way to analyse the evolution of modern capitalism.

 As Esambert always says, economic wars are made to create room – outside and inside the old national perimeter – for counteracting and fighting against everybody’s adverse actions – both friends and foes – in our productive system.

 Whoever loses faces – without time limits – the disasters of globalization (uncontrolled immigration, pollution, the classic combination of unemployment and inflation), while whoever wins offloads the problems on his global competitors.

  And again there is no time limit.

 When Spain was still under Franco’s regime, the State of Madrid created an instrument of economic warfare just with SEAT, in 1950, thanks to a small contribution of FIAT capital.

 Later in 1985, SEAT became part of the German group Wolkswagen Aktiengesellschaft – created on the basis of an old project by the Führer.

  The huge Catalan factory was inaugurated in Martorell by King Juan Carlos in 1993.

 FIAT left and VW came in powerfully, with no local or European competitors.

 Was it not an economic warfare operation? Of course it was.

 At that time, Italy was numbed with the Clean Hands judiciary probe and no one noticed that Germany was taking over Spain’s basic industries after the end of the Caudillo’s regime.

 This happened also in other parts of the world.

 Starting from the imprisonment and the related suicide of the old ENI President, Cagliari, until the never resolved issues of Gardini’s death, in the connection between the takeover of Montedison and the fanciful creation of Enimont, the whole Clean Hands judicial investigation was, however, an accelerated operation to sell off Italy’s primary industrial system, pending the fall of the Berlin Wall and the truly endogenous crisis of the Italian political system.

 There was, at first, the sale of primary assets, ranging from the motorway company Società Autostrade to the food holding  SME – of which I had a first-hand experience – and later the redesign of the system of bribes from companies to the political system, which began with ENI’s disruption following Cagliari’s imprisonment, until the creation of a new network of funding to a “new” political system, where all parties were renamed – according to a potentially two-party system – “progressive” and “conservative” or even “liberal”.

Was it not an economic warfare operation? Of course it was. Many large and small companies became attractive to large foreign investors that were favoured, while the Italian State-owned and private companies faded away, struck by the new moralists’ blows.

 What happened, at that time, in Mitterrand’s France or in the Great Britain led by Margaret Thatcher who, however, was ousted from Downing Street by a clique of Tories, involved in a large helicopter business affair?

 We can also recall Liu Tenan, the Chinese Head of the “Development Commission”, expelled from the CPC; Rouhani himself in Iran that saw the 1979 Revolution in danger because of corruption, or Ana Mato, the Health Minister who resigned because of the scandal that in 2014 sullied the reputation of the entire Partido Pupular in Spain –  not to mention the fact at least 2.3% of the world GDP fuels global corruption.

 Can we believe that all this came only from what had happened in Italy?

 Once again the usual moralistic parochialism sets in, a short-lived legacy of the snobbery of Italy’s old Action Party, whose liberal Socialism – taunted by Croce – led Italy to be a pale imitation of Great Britain, the eternal myth of all poor politicians and managers wearing grisaille suits.

 Hence the final formula: the mix of legal and non-legal, advertising, political, military, strategic and monetary protection and support for the local ruling classes, as well as the fair and rational relations with the target country, are called exactly “economic warfare”.

 There is no other way to make foreign policy and establish international relations, even non-economic ones. There is only and always economic warfare.

 Hence, after this explicit and direct phase of the inevitable economic clash for survival between nations, there is the phase in which “companies are used as armies and management and business schools are used as schools for officers”, and entrepreneurs and business leaders are seen as new generals. In fact Akira Kurosawa, the director of the movie Seven Samurai and a descendant from a Samurai family, wanted – in a later movie of 1980, Kagemusha (Shadow Warrior) – to describe Japanese business leaders as new Samurai.

 Every economic action is a “covert” act of war. Every act of war can also be turned into an economic action, which instead of being a cost – unsustainable in the long run – is a real bargain or can even become so.

 Economic warfare shifts the cost of operations onto the victim.

 Attractiveness and competitiveness are now complementary, while Italy is the 7th world exporter of goods, but it only ranks 18th in terms of Foreign Direct Investment (FDI) in the territory.

 The current FDI is an instrument of external hegemony, not a system of national power or of projection of our economic and non-economic power onto the countries that receive our goods or that – in any case – should consume them, instead of our competitors’ products.

 The economic warfare also stems from the fact that all the great Western countries produce more or less the same goods.

 Nevertheless, in Italy 43% of the companies currently listed on the Stock Exchange are owned by foreign businesses. Obviously, there is no direct correlation between the quality of management of the various industries and their ownership. However, do you believe that if a French bank manager has to organize a strategy for his own company, he will pay heed to the large multifarious group of his small investors – as currently happens in Italy – or will he rather consider the ideas coming from some State think tanks in Paris, or possibly from one of his Ministers, or even from a colleague in Lyon or Grenoble?

 According to the 2018 data, in Italy the foreign investors’ shareholdings of listed companies currently amount to 196.4 billion euro, i.e. 43% of the total.

 The shareholdings of listed joint stock companies owned by Italian businesses are worth 25.8%, with the State holding 2.7% of the total portfolio. Hence it is certainly not difficult to imagine that, in this framework of international economic equilibria, Italy would have an extreme need for a policy of economic warfare.

 This also applies to cultural or humanitarian operations.

  Goodness knows what the organization Mèdecins sans Frontières was for France, or the management of the U.S. or Canadian grain overproduction was for the U.S. power projection policy in third countries or in those suffering humanitarian crises.

 Whoever eats your wheat becomes your friend, whoever is saved by your doctors will never make war on you but, above all, will gladly buy your products, when the crisis is over and France or the United States will present local governments with the bill for its humanitarian operations.  

 Moreover, in 2011 the Italian multinationals were as many as 6,500 Italian, while currently they are decidedly fewer and often smaller.

 Not to mention Italy’s cultural and hegemonic penetration – virtually nothing, apart from a few old-style and ramshackle elite operations for socialites.

 We need more than beautiful girls, superstar chefs or art exhibitions. It takes guts to penetrate and hegemonize a distant market. It is an operation in which companies and the intelligence Services shall participate simultaneously, and shall be ever less tied to the cliques of revolving-door government and also less parochial in their actions. Even humanitarian organizations, some universities – less familist than usual – as well as the fashion world, newspapers, TV networks, cinema and all the many other instruments of attraction and seduction shall take part in this operation.

 An operation which, however, must be stable and well-designed, otherwise we risk repeating what happened when an Italian President of the Republic, while visiting the Chinese Great Wall, learnt that the German Prime Minister was coming for a flying visit to Beijing so as to sign an agreement between the German and Chinese large car manufacturers.

 A dinner, some greetings and a quick return to Berlin.

 Unless the full criterion of the “economic warfare” is followed –  as must be done according to Bernard Esambert’s guidelines – Italy will always be relegated to the sidelines of the great global economic development and it will not reap the fruits but only the damage of globalization – as is already currently happening.

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Morocco’s Economy: COVID-19 Epidemic made a new development model

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Considering the financial dilemma of 2008, the outbreaks of the Arab political spring that brush off the Arab society and extend to the rest of the globe, and the trade war conflicts between the United States and China that caused bilateral impasse negatively influenced on the entire world economy, and after that President Trump quit from all collective and bilateral international agreements That concern free trade cooperation and environmental issues, believing that it will be favored by the world decision, militarily and economically, under the so-called of America’s interest first…

Additionally, to the Brexit scenario, which described the political victory of Trump’s world trends and tendency, before Britain found itself alone outside the European Union in the face of the Corona epidemic, as if it had chosen the bad timing of disunion, all circumstances calling the beginning of the end of globalization announced by the industrial world superpowers, which we have claimed to be an industry for an open market to all nations, and it will bring gains and profits for the wealthy people, and create jobs for the poor. Thus, this globalization is based on unreal beliefs that have become a character for all societies of the globe; to find out in the last tick that this market of globalization has made only for the wealthy and the powerful states, they gain large profits and opportunities, while poor states only get debts and more loans.

In sense of these events and through them, globalization has improved from the exchange of interests and good benefits to the globalization of imposing programmed market strategy and originally determined interests to serve global powers on the rest of the world, which made many third world states struggle to get out of the logic of globalization based on money and the idea of taking profits, so these states tried to raise its financial and commerce status in the world sphere by pointing out the dissatisfaction with the world market and trading policies based on the logic of wealthy states benefit from easy trading policies unless undeveloped countries obliged to stick on world trading and market policies due to getting fewer outcomes.

Yet, as the most significant core in the emerging epidemic of the Coronavirus pandemic is that it created definitely boundaries for stunning globalization that was promoted by the superpowers of the global economy and monetary; the fall of the happy globalization spread by huge manufactured and international firms passed through worldwide advertising links to enlarge consumption, it is the end of the recommendations of global financial organizations; and the end of world integration that glorifies the individual outside the group, the division of society as a market for shopping and consumption, and encourages the entertainment industry at the expense of education, health development and social life, and delusions and promises of social prosperity are given among non-western societies if they relinquish their civic and morality, from those of the purity on which it is based in defense of itself, or joined in a rush through the new cultural pattern that it declared, social progress and freedom for all, and also towards unreal concepts of modernity that serves the interests of global economies and enhance human economic activity.

Here is self-evident to mention that globalization has become evident to everyone that the end of it is on the edge, not because of its interactions between people or the development of advanced technology but it’s a lack of new alternatives and answers that facilitate credible solutions to the third world economies, and also make their economy more profitable. It is true that globalization has been so keen on promoting its economic values of shared interests and uphold world economic interactions over the globe. For instance, recently globalization in the eyes of the Undeveloped countries is the end of rights of future generations in term of looting their Natural resources, revealing the reality that they carry nothing but progress for egress unexpected issues, like environmental imbalances in a catastrophic escalation, the deficiency of energy deepens the disparities between non industrialized countries, more importantly, the inability of public policies to make clear and effective decisions in order to centralize the financial institutions and businesses from their domination of the national decision, and the devotion of social inequality it jeopardizes the integration of democratic societies with the rise of irrational rhetoric discourses and as a pointless and illogical state. Though, All these facts indicate the limited development approach that globalization brought today.

In view of the Moroccan domestic opinion, the emergence of this Corona epidemic was accompanied by a public debate that was taking place among all Moroccans about the development model and social pattern, and it was significant that the public opinion truly expressed a deep awareness of the end of the globalization of the economy and money, and the need to quest for a national alternative made by the collective society, human intelligence and social interact with what is globally based on the basis of shared local experiences and historical data.

Therefore, we fully believe that this Corona COVID-19 outbreak that endangers our country will end no doubt and that will inevitably be defeated. Today, this pandemic make an opportunity for serious and new thinking about our political priorities, to review the economic development reform within our institutions, and reconstruct a new social inquiry that enhanced coordination between local business, national enterprises and upgrades Morocco’s economic-political structure among its community.

Obviously, Corona’s epidemic not only makes us concerned about our public health and the safety of our society, but more than that leads us to be more flexible in dealing with our current situation. Under his Majesty, the King of Morocco Mohamed VI has urged medical personnel from the military forces and public medical doctors to give health assistance and protect local individuals and asked for enhanced cooperation among local forces and the military. Yet, all Moroccan parties have taken adequate measures to prevent the spread of the Coronavirus, including requiring the Moroccan forces to endure the responsibility to make sure of the prevention and control of the epidemic of pneumonia caused by the COVID-19 coronavirus. Overall, a very appreciative step has taken by Morocco government has diminished its counterpart in the world, which accelerates the establishment of a fund to support the poor and needy working people in the informal sectors, to show great awareness of these risks.

To sum up, In certain is that the Coronavirus is not the end of the globe, and this crisis is sure will be passed, and the world and the economy will restore its normal character after the epidemic is resolved, but its settlement is not in the hands of heads of states or governments and not in the hands of economists or financial experts, but in the hands of medical laboratories and is dependent on people’s awareness and is linked to the extent of Solidarity and cooperation between them.

The core of time is to give priority to people (his health and education) at the expense of money and economics because the economy can return to growth again, but the dead cannot return to real life. Our core not only observed the efficiency and productivity of the global economy, but also tested the purity of citizens in every state, and proven the credibility of the global societal values system, and demonstrated the need to create societies in which economic development is connected to the inquiries of social justice and balance of interests, and the meaning and role of the social and economic values system of peoples are estimated. Accordingly, the questions should be raised so far; Will the world justly escape the overwhelming effects of this pandemic coronavirus? Will the world succeed in renewing an economic and financial system that is different from the current one?.

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