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Syria Accuses U.S. Stole 40+ Tons of Its Gold

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The Syrian National News Agency headlined on February 26th, “Gold deal between United States and Daesh” (Daesh is ISIS) and reported that,

Information from local sources said that US army helicopters have already transported the gold bullions under cover of darkness on Sunday [February 24th], before transporting them to the United States.

The sources said that tens of tons that Daesh had been keeping in their last hotbed in al-Baghouz area in Deir Ezzor countryside have been handed to the Americans, adding up to other tons of gold that Americans have found in other hideouts for Daesh, making the total amount of gold taken by the Americans to the US around 50 tons, leaving only scraps for the SDF [Kurdish] militias that serve them [the U.S. operation].

Recently, sources said that the area where Daesh leaders and members have barricaded themselves in, contains around 40 tons of gold and tens of millions of dollars.

Allegedly, “US occupation forces in the Syrian al-Jazeera area made a deal with Daesh terrorists, by which Washington gets tens of tons of gold that the terror organization had stolen, in exchange for providing safe passage for the terrorists and their leaders from the areas in Deir Ezzor where they are located.”

ISIS was financing its operations largely by the theft of oil from the oil wells in the Deir Ezzor area, Syria’s oil-producing region, and they transported and sold this stolen oil via their allied forces, through Turkey, which was one of those U.S. allies trying to overthrow Syria’s secular Government and install a Sunni fundamentalist regime that would be ruled from Riyadh (i.e., controlled by the Saud family). This gold is the property of the Syrian Government, which owns all that oil and the oil wells, which ISIS had captured (stolen), and then sold. Thus, this gold is from sale of that stolen black-market oil, which was Syria’s property.

The U.S. Government claims to be anti-ISIS, but actually didn’t even once bomb ISIS in Syria until Russia started bombing ISIS in Syria on 30 September 2015, and the U.S. had actually been secretly arming ISIS there so as to help ISIS and especially Al Qaeda (and the U.S. was strongly protecting Al Qaeda in Syria) to overthrow Syria’s secular and non-sectarian Government. Thus, whereas Russia started bombing ISIS in Syria on 30 September 2015, America (having become embarrassed) started bombing ISIS in Syria on 16 November 2015. The U.S. Government’s excuse was “This is our first strike against tanker trucks, and to minimize risks to civilians, we conducted a leaflet drop prior to the strike.” They pretended it was out of compassion — not in order to extend for as long as possible ISIS’s success in taking over territory in Syria. (And, under Trump, on the night of 2 March 2019, the U.S. rained down upon ISIS in northeast Syria the excruciating and internationally banned white phosphorous to burn ISIS and its hostages alive, which Trump’s predecessor Barack Obama had routinely done to burn alive the residents in Donetsk and other parts of eastern former Ukraine where voters had voted more than 90% for the democratically elected Ukrainian President whom Obama’s coup in Ukraine had replaced. It was a way to eliminate some of the most-undesired voters — people who must never again be voting in a Ukrainian national election, not even if that region subsequently does become conquered by the post-coup, U.S.-imposed, regime. The land there is wanted; its residents certainly are not wanted by the Obama-imposed regime.) America’s line was: Russia just isn’t as ‘compassionate’ as America. Zero Hedge aptly headlined “’Get Out Of Your Trucks And Run Away’: US Gives ISIS 45 Minute Warning On Oil Tanker Strikes”. Nobody exceeds the United States Government in sheer hypocrisy.

The U.S. Government evidently thinks that the public are fools, idiots. America’s allies seem to be constantly amazed at how successful that approach turns out to be. 

Indeed, on 28 November 2012, Syria News headlined “Emir of Qatar & Prime Minister of Turkey Steal Syrian Oil Machinery in Broad Daylight” and presented video allegedly showing it (but unfortunately providing no authentication of the date and locale of that video). 

Jihadists were recruited from throughout the world to fight against Syria’s secular Government. Whereas ISIS was funded mainly by black-market sales of oil from conquered areas, the Al-Qaeda-led groups were mainly funded by the Sauds and other Arab royal families and their retinues, the rest of their aristocracy. On 13 December 2013, BBC headlined “Guide to the Syrian rebels” and opened “There are believed to be as many as 1,000 armed opposition groups in Syria, commanding an estimated 100,000 fighters.” Except in the Kurdish areas in Syria’s northeast, almost all of those fighters were being led by Al Qaeda’s Syrian Branch, al-Nusra. Britain’s Center on Religion & Politics headlined on 21 December 2015, “Ideology and Objectives of the Syrian Rebellion” and reported: “If ISIS is defeated, there are at least 65,000 fighters belonging to other Salafi-jihadi groups ready to take its place.” Almost all of those 65,000 were trained and are led by Syria’s Al Qaeda (Nusra), which was protected by the U.S.

In September 2016 a UK official “FINAL REPORT OF THE TASK FORCE ON COMBATING TERRORIST AND FOREIGN FIGHTER TRAVEL” asserted that, “Over 25,000 foreign fighters have traveled to the battlefield to enlist with Islamist terrorist groups, including at least 4,500 Westerners. More than 250 individuals from the United States have also joined.” Even just 25,000 (that official lowest estimate) was a sizable U.S. proxy-army of religious fanatics to overthrow Syria’s Government. 

On 26 November 2015, the first of Russia’s videos of Russia’s bombing ISIS oil trucks headed into Turkey was bannered at a U.S. military website “Russia Airstrike on ISIS Oil Tankers”, and exactly a month later, on 26 December 2015, Britain’s Daily Express headlined “WATCH: Russian fighter jets smash ISIS oil tankers after spotting 12,000 at Turkish border”. This article, reporting around twelve thousand ISIS oil-tanker trucks heading into Turkey, opened: “The latest video, released by the Russian defence ministry, shows the tankers bunched together as they make their way along the road. They are then blasted by the fighter jet.” The U.S. military had nothing comparable to offer to its ‘news’-media. Britain’s Financial Times headlined on 14 October 2015, ”Isis Inc: how oil fuels the jihadi terrorists”. Only America’s allies were involved in this commerce with ISIS — no nation that supported Syria’s Government was participating in this black market of stolen Syrian goods. So, it’s now clear that a lot of that stolen oil was sold for gold as Syria’s enemy-nations’ means of buying that oil from ISIS. They’d purchase it from ISIS, but not from Syria’s Government, the actual owner.

On 30 November 2015 Israel’s business-news daily Globes News Service bannered “Israel has become the main buyer for oil from ISIS controlled territory, report”, and reported:

An estimated 20,000-40,000 barrels of oil are produced daily in ISIS controlled territory generating $1-1.5 million daily profit for the terrorist organization. The oil is extracted from Dir A-Zur in Syria and two fields in Iraq and transported to the Kurdish city of Zakhu in a triangle of land near the borders of Syria, Iraq and Turkey. Israeli and Turkish mediators come to the city and when prices are agreed, the oil is smuggled to the Turkish city of Silop marked as originating from Kurdish regions of Iraq and sold for $15-18 per barrel (WTI and Brent Crude currently sell for $41 and $45 per barrel) to the Israeli mediator, a man in his 50s with dual Greek-Israeli citizenship known as Dr. Farid. He transports the oil via several Turkish ports and then onto other ports, with Israel among the main destinations.

After all, Israel too wants to overthrow Syria’s secular, non-sectarian Government, which would be replaced by rulers selected by the Saud family, who are the U.S. Government’s main international ally.

On 9 November 2014, when Turkey was still a crucial U.S. ally trying to overthrow Syria’s secular Government (and this was before the failed 15 July 2016 U.S.-backed coup-attempt to overthrow and replace Turkey’s Government so as to impose an outright U.S. stooge), Turkey was perhaps ISIS’s most crucial international backer. Tayyip Erdogan, Turkey’s leader, had received no diploma beyond k-12, and all of that schooling was in Sunni schools and based on the Quran. (He pretended, however, to have a university diploma.) On 15 July 2015, AWD News headlined “Turkish President’s daughter heads a covert medical corps to help ISIS injured members”. On 2 December 2015, a Russian news-site headlined “Defense Ministry: Erdogan and his family are involved in the illegal supply of oil”; so, the Erdogan family itself was religiously committed to ISIS’s fighters against Syria, and they were key to the success of the U.S. operation against Syrians — theft from Syrians. The great investigative journalist Christof Lehmann, who was personally acquainted with many of the leading political figures in Africa and the Middle East, headlined on 22 June 2014, “U.S. Embassy in Ankara Headquarter for ISIS War on Iraq – Hariri Insider”, and he reported that the NATO-front the Atlantic Council had held a meeting in Turkey during 22-23 of November 2013 at which high officials of the U.S. and allied governments agreed that they were going to take over Syria’s oil, and that they even were threatening Iraq’s Government for its not complying with their demands to cooperate on overthrowing Syria’s Government. So, behind the scenes, this conquest of Syria was the clear aim by the U.S. and all of its allies.

The U.S. had done the same thing when it took over Ukraine by a brutal coup in February 2014: It grabbed the gold. Iskra News in Russian reported, on 7 March 2014, that “At 2 a.m. this morning … an unmarked transport plane was on the runway at Borosipol Airport” near Kiev in the west, and that, “According to airport staff, before the plane came to the airport, four trucks and two Volkswagen minibuses arrived, all the truck license plates missing.” This was as translated by Michel Chossudovsky at Global Research headlining on 14 March, “Ukraine’s Gold Reserves Secretly Flown Out and Confiscated by the New York Federal Reserve?” in which he noted that, when asked, “A spokesman for the New York Fed said simply, ‘Any inquiry regarding gold accounts should be directed to the account holder.’” The load was said to be “more than 40 heavy boxes.” Chossudovsky noted that, “The National Bank of Ukraine (Central Bank) estimated Ukraine’s gold reserves in February to be worth $1.8 billion dollars.” It was allegedly 36 tons. The U.S., according to Victoria Nuland (Obama’s detail-person overseeing the coup) had invested around $5 billion in the coup. Was her installed Ukrainian Prime Minister Arseniy Yatsenyuk cleaning out the nation’s gold reserves in order to strip the nation so that the nation’s steep indebtedness for Russian gas would never be repaid to Russia’s oligarchs? Or was he doing it as a payoff for Nuland’s having installed him? Or both? In any case: Russia was being squeezed by this fascist Ukrainian-American ploy.

On 14 November 2014, a Russian youtube headlined “In Ukraine, there is no more gold and currency reserves” and reported that there is “virtually no gold. There is a small amount of gold bars, but it’s just 1%” of before the coup. Four days later, Zero Hedge bannered “Ukraine Admits Its Gold Is Gone: ‘There Is Almost No Gold Left In The Central Bank Vault’”. From actually 42.3 tons just before the coup, it was now far less than one ton. 

The Syria operation was about oil, gold, and guns. However, most of America’s support was to Al-Qaeda-led jihadists, not to ISIS-jihadists. As the great independent investigative journalist Dilyana Gaytandzhieva reported on 2 July 2017:

In December of last year while reporting on the battle of Aleppo as a correspondent for Bulgarian media I found and filmed 9 underground warehouses full of heavy weapons with Bulgaria as their country of origin. They were used by Al Nusra Front (Al Qaeda affiliate in Syria designated as a terrorist organization by the UN).” 

The U.S. had acquired weapons from around the world, and shipped them (and Gaytandzhieva’s report even displayed the transit-documents) through a network of its embassies, into Syria, for Nusra-led forces inside Syria. Almost certainly, the U.S. Government’s central command center for the entire arms-smuggling operation was the world’s largest embassy, which is America’s embassy in Baghdad.

Furthermore, On 8 March 2013, Richard Spenser of Britain’s Telegraph reported that Croatia’s Jutarnji List newspaper had reported that “3,000 tons of weapons dating back to the former Yugoslavia have been sent in 75 planeloads from Zagreb airport to the rebels, largely via Jordan since November. … The airlift of dated but effective Yugoslav-made weapons meets key concerns of the West, and especially Turkey and the United States, who want the rebels to be better armed to drive out the Assad regime.”

Also, a September 2014 study by Conflict Armaments Research (CAR), titled “Islamic State Weapons in Iraq and Syria”, reported that not only east-European, but even U.S.-made, weapons were being “captured from Islamic State forces” by Kurds who were working for the Americans, and that this was very puzzling and disturbing to those Kurds, who were risking their lives to fight against those jihadists.

In December 2017, CAR headlined “Weapons of the Islamic State” and reported that “this materiel was rapidly captured by IS forces, only to be deployed by the group against international coalition forces.” The assumption made there was that the transfer of weapons to ISIS was all unintentional.

That report ignored contrary evidence, which I summed up on 2 September 2017 headlining “Russian TV Reports U.S. Secretly Backing ISIS in Syria”, and reporting there also from the Turkish Government an admission that the U.S. was working with Turkey to funnel surviving members of Iraq’s ISIS into the Deir Ezzor part of Syria to help defeat Syria’s Government in that crucial oil-producing region. Moreover, at least one member of the ‘rebels’ that the U.S. was training at Al Tanf on Syria’s Jordanian border had quit because his American trainers were secretly diverting some of their weapons to ISIS. Furthermore: why hadn’t the U.S. bombed Syrian ISIS before Russia entered the Syrian war on 30 September 2015? America talked lots about its supposed effort against ISIS, but why did U.S. wait till 16 November 2015 before taking action, “’Get Out Of Your Trucks And Run Away’: US Gives ISIS 45 Minute Warning On Oil Tanker Strikes”

So, regardless of whether the U.S. Government uses jihadists as its proxy-forces, or uses fascists as its proxy-forces, it grabs the gold — and grabs the oil, and takes whatever else it can. 

This is today’s form of imperialism. Grab what you can, and run. And call it ‘fighting for freedom and democracy and human rights and against corruption’. And the imperial regime’s allies watch in amazement, as they take their respective cuts of the loot. That’s the deal, and they call it ‘fighting for freedom and democracy and human rights and against corruption around the world’. That’s the way it works. International gangland. That’s the reality, while most of the public think it’s instead really “fighting for freedom and democracy and human rights and against corruption around the world.” For example, as RT reported on Sunday, March 3rd, about John Bolton’s effort at regime-change in Venezuela, Bolton said: “I’d like to see as broad a coalition as we can put together to replace Maduro, to replace the whole corrupt regime,’ Bolton told CNN’s Jake Tapper.” Trump’s regime wants to bring clean and democratic government to the poor Venezuelans, just like Bush’s did to the Iraqis, and Obama’s did to the Libyans and to the Syrians and to the Ukrainians. And Trump, who pretends to oppose Obama’s regime-change policies, alternately expands them and shrinks them. Though he’s slightly different from Obama on domestic policies, he never, as the U.S. President, condemn’s any of his predecessors’ many coups and invasions, all of which were disasters for everybody except America’s and allies’ billionaires. They’re all in on the take.

The American public were suckered into destroying Iraq in 2003, Libya in 2011, Syria in 2011-now, and so many other countries, and still haven’t learned anything, other than to keep trusting the allegations of this lying and psychopathically vicious and super-aggressive Government and of its stenographic ‘news’-media. When is enough finally enough? Never? If not never, then when? Or do most people never learn? Or maybe they don’t really care. Perhaps that’s the problem.

On March 4th, the Jerusalem Post bannered “IRAN AND TURKEY MEDIA PUSH CONSPIRACY THEORIES ABOUT US, ISIS: Claims pushed by Syrian regime media assert that US gave ISIS safe passage out of Baghuz in return for gold, a conspiracy picked up in Tehran and Ankara”, and simply assumed that it’s false — but provided no evidence to back their speculation up — and they closed by asserting “The conspiracies, which are manufactured in Damascus, are disseminated to Iraq and Turkey, both of whom oppose US policy in eastern Syria.” Why do people even subscribe to such ‘news’-sources as that? The key facts are hidden, the speculation that’s based on their own prejudices replaces whatever facts exist. Do the subscribers, to that, simply want to be deceived? Are most people that stupid?

Back on 21 December 2018, one of the U.S. regime’s top ‘news’-media, the Washington Post, had headlined “Retreating ISIS army smuggled a fortune in cash and gold out of Iraq and Syria” and reported that “the Islamic State is sitting on a mountain of stolen cash and gold that its leaders stashed away to finance terrorist operations.” So, it’s not as if there hadn’t been prior reason to believe that some day some of the gold would be found after America’s defeat in Syria. Maybe they just hadn’t expected this to happen quite so soon. But the regime will find ways to hoodwink its public, in the future, just as it has in the past. Unless the public wises-up (if that’s even possible).

Author’s note: first posted at strategic-culture.org

Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010

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Americas

Israel, the Middle East and Joe Biden

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Photo by Adam Schultz

How will a Biden Administration change American policies on Iran, the Palestinians and Israel’s tightening relationships with Arab states?

Some two years ago, Democrats harshly attacked Trump for withdrawing US troops from Syria and thereby undermining the alliance with the Kurds. However, Democratic leaders also favor a reduced US presence in the Middle East and understand the region’s declining relevance to US global policy.  It was Democrat Obama who withdrew US troops from the Iraqi bloodbath; Biden, if elected, will presumably continue a similar course. The US is no longer dependent on Middle Eastern oil, China is perceived as its greatest threat, and the defeat of ISIS has lowered the strategic terror threat level to US national security.

Biden, just like Trump and Obama, probably believes that the US can downscale its presence in the region and rely on its allies (the Gulf states, Egypt, Jordan and Israel, of course) and on the alliances being forged between its partners over the past two decades. The US could increase aid to a specific ally at a time of need (as was the case with the massive 2014 influx of Syrian refugees into Jordan) or Iraq (during the fighting with ISIS), but it is loath to continue meddling in local conflicts. What is more, the painful lesson of the intervention in Iraq has dissolved the Bush Administration’s messianic belief in the democratization of the Middle East. Concern about Russia or China filling the vacuum left by the US is also no longer deterring US leaders (like Obama and Trump) who are trying to score points with voters by troops drawdowns and free the administration up to deal with different matters, among them the “Pivot to Asia”.

As a Democrat, Biden is expected to be more sensitive than Trump to human rights violations in the Middle East. He condemned the conduct of the Saudi regime following the murder of exiled journalist Jamal Khashoggi in fairly harsh language several times and also called for curbing weapons sales to Riyadh.

However, if elected, Biden’s first order of business will be dealing with the biggest health and economic crisis the US has experienced since 1929. He will have to create jobs and deal with thousands of burning domestic matters. Those will be his flagship issues. He may have to set aside his moral repugnance and allow weapons exports to prevent job and profit losses for Americans. Trump, too, was harshly critical of Saudi Arabia prior to his election, but subsequently changed his tune and conducted his first overseas trip there as president.

One can cautiously assess that any change in US policy toward the Gulf would not undermine Israel’s rapprochement with those states. The strategic regional threats (expansion of Iran’s hegemony and its violations of the nuclear agreement, as well as Turkish activity in the region) will remain unchanged, and therefore the interest in economic and security cooperation between Israel and Gulf states will remain. Arab states that traditionally view Israel as a bridge to the White House could try to exploit this now official relationship to promote their standing with Congress and a new administration, if one is installed.

Biden’s position on the Iran nuclear deal (JCPOA) is of concern these days to both Israeli and Arab leaders, which could further cement their ties. Arab leaders are concerned about Biden rejoining and reviving the deal that Trump abandoned. They are relying on Biden’s criticism of the unilateral US pullout from the agreement and his declaration that he would make every effort to rejoin it. Nonetheless, Biden’s people seem to understand that they cannot simply turn back the clock. Blinken, one of Biden’s closest aides and potential future national security adviser, has said in interviews that the US would not return to the agreement until Iran fulfills all its commitments – meaning, until Iran walks back all its violations of the agreement. It is hard to predict just how Biden might draw Iran to the negotiating table, but as long as such an option is viable, Israel, Saudi Arabia, the UAE and other Gulf states will have sufficient grounds to close ranks.

Biden is a sworn supporter of the two-state solution to the Israeli-Palestinian conflict. He is expected to re-open the US Consulate in East Jerusalem, restore US aid to the Palestinians and invite the PLO ambassador back to Washington. However, this does not mean that he will place the Palestinian issue on his list of priorities, especially given the domestic crisis and ongoing tensions with China. The Palestinian issue is unlikely to return to center stage following a change in the US administration. The Arab world is growing increasingly weak as the coronavirus continues to spread, the economic crisis deepens and unemployment rises. Arab states also fear that the major non-Arab states in the region – Turkey and Iran – will exploit this weakness. Should that happen, the Palestinian issue is unlikely to attract much interest from key Arab states, Saudi Arabia, the UAE and Egypt, which also dictate the conduct of the Arab League.

That said, should Biden decide to revive the Arab Peace Initiative and mobilize Saudi and other Arab support (perhaps in return for a more determined US stand on Iran, the supply of US strategic weapons, etc.), pressure on Israel over the Palestinian issue could re-emerge. If Israel chooses to respond with accelerated construction in the settlements, in defiance of US policy, states such as Saudi Arabia and the UAE would likely toe the line of the US administration but would not cut ties with Israel as a result.

In conclusion, a Biden victory would not affect the strengthening relationship between Israel and Arab states, especially if he opts to focus on the Iranian issue and a US return to the JCPOA. The Middle East’s relevance to the US is expected to continue its decline, prompting cooperation among its partners in the region in order to forge a robust front and repel threats from the non-Arab states (Iran and Turkey). A changed US approach to the Palestinian issue could increase pressure on Israel slightly, but is not expected to substantially change the current dynamics.

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Prospects for U.S.-China Relations in the Biden Era

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The U.S. presidential election which will be held on November 3 is drawing ever closer. As the Trump administration performs poorly in response to the COVID-19 pandemic, where the death toll in the U.S. exceeded 210,000, the election trend appears to be very unfavorable for Donald Trump.

According to a recent poll conducted by NBC News and the Wall Street Journal, Joe Biden led Trump by 14 percentage points in the national elections. It is worth noting that retired American generals, who have traditionally been extremely low-key in politics, publicly supported Biden this year, something that is quite rare. On September 24, 489 retired generals and admirals, former national security officials and diplomats signed a joint letter in support of Biden. Among them are Republicans, Democrats, and non-partisans, showing that they have crossed the affiliation, and jointly support Biden to replace Trump. Although the opinion polls do not represent the final election, with the election only being one month away, the widening of the opinion gap is enough to predict the direction of the election.

For the whole world, especially for China, it is necessary to prepare for the advent of a possible Biden era of the United States. During Trump’s tenure, U.S.-China relations have taken a turn for the worse, and China has been listed as the foremost “long-term strategic competitor” of the United States.

There is a general view in China that after the Democratic Party comes to power, U.S.-China relations may worsen. The reason is that the Democratic Party places more emphasis on values such as human rights and ideology and is accustomed to using values such as human rights, democracy, and freedom in foreign policies against China. However, as far as U.S.-China relations are concerned, it is too vague to use the simple dichotomic “good” or “bad” to summarize the relationship of the two countries.

However, it is certain that after Biden takes office, his policies will be different from Trump’s. An important difference between Biden and Trump is that Biden will follow a certain order and geopolitical discipline to implement his own policies, and he will also seek cooperation with China in certain bottom-line principled arrangements. It should be stressed that it is crucial for China and the United States to reach some principled arrangements in their relations.

From an economic point of view, should Biden become the next President, the United States will likely ease its trade policy, which will alleviate China’s trade pressure. It can be expected that the Biden administration may quell the U.S.-China tariff war and adjust punitive tariff policies that lead to “lose-lose” policies. If Biden takes office, he might be more concerned about politics and U.S.-China balance. In terms of trade, although he would continue to stick to the general direction of the past, this would not be the main direction of his governance. Therefore, the U.S.-China trade war could see certain respite and may even stop. In that scenario, China as the largest trading partner of the United States, could hope for the pressures in the trade with the U.S. being reduced.

China must also realize that even if Biden takes power, some key areas of U.S.-China relations will not change, such as the strategic positioning of China as the “long-term strategic competitor” of the United States. This is not something that is decided by the U.S. President but by the strategic judgment of the U.S. decision-making class on the direction of its relations with China. This strategic positioning destined that the future U.S.-China relations will be based on the pattern dominated by geopolitical confrontation. Biden sees that by expanding global influence, promoting its political model, and investing in future technologies, China is engaging a long-term competition with the U.S, and that is the challenge that the United States faces.

On the whole, if and when Biden takes office, the U.S. government’s domestic and diplomatic practices will be different from those of the Trump administration, although the strategic positioning of China will not change, and neither will it change the U.S.’ general direction of long-term suppression of China’s rise. However, in terms of specific practices, the Biden administration will have its own approaches, and will seek a certain order and geopolitical discipline to implement its policies. He may also seek to reach some bottom-line principled arrangements with China. Under the basic framework, the future U.S.-China relations will undergo changes in many aspects. Instead of the crude “an eye for an eye” rivalry, we will see the return to the traditional systemic competition based on values, alliance interests, and rules. Facing the inevitable changes in U.S.-China relations, the world needs to adapt to the new situation.

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Third world needs ideological shift

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As nations across the world have been pooling their efforts to contain the COVID-19 spread, the looming economic crisis has caught the attention of global intelligentsia. In the light of health emergency, The policy makers of Asia, Africa and Latin America have been struggling to steer the economic vehicle back to normalcy. Although, the reason for the economic slump could be attributed to the pandemic, it is also important to cast light on the economics of these tricontinental nations. Been as colonies for more than two centuries, these players had adopted the style of economics which is a mix of market economics and socialism. The imperial powers of the then Europe had colonised these nations and had subjugated them with their military and political maneuvers. Under the banner of White man’s burden, the Imperial masters had subverted the political, economical, social and cultural spheres of the colonies and had transformed these self-reliant societies into the ones which depend on Europe for finished products. The onslaught on the economical systems of colonies was done through one way trade. Though, the western powers brought the modern values to the third world during colonial era, they were twisted to their advantage. The European industrial machines were depended on the blood, sweat and tears of the people of colonies. It is clear that the reason for the backwardness of these players is the force behind the imperial powers which had eventually pushed them towards these regions in search of raw materials and markets i.e., Capitalism. Needless to say, the competition for resources and disaccord over the distribution of wealth of colonies led to twin world wars. Capitalism, as an economic idea, cannot survive in an environment of a limited market and resources. It needs borderless access, restless labour and timeless profit. While the European imperial powers had expanded their influence over Asia and Africa, the US had exerted its influence over Latin America. Earlier, at the dawn of modern-day Europe, The capitalist liberal order had challenged the old feudal system and the authority of church. Subsequently, the sovereign power was shifted to monarchial king. With the rise of ideas like democracy and liberty, complemented by the rapid takeoff of industrialization, the conditions were set for the creation of new class i.e., capitalist class. On the one hand, Liberalism, a polical facet of capitalism, restricts the role of state(political) in economical matters but on the other hand it provides enough room for the elite class and those who have access to power corridors to persuade the authority(state) to design the policies to their advantage. Inequality is an inescapable feature of liberal economics.

The powerful nations cannot colonise these nations as once done. The Watchwords like interconnectedness, interdependency and free trade are being used to continue their domination on these players. As soon as the third world nations were freed from the shackles of colonialism, they were forced to integrate their economies into the global economical chain. Characterized by the imbalance, the globalization has been used as a weapon by the Western powers to conquer the markets of developing nations.

The Carrot and stick policy of the US is an integral part of its strategy to dominate global economical domain. The sorry state of affairs in the Middle East and Latin America could be attributed to the US lust for resources. In the name of democracy, the US has been meddling in the internal affairs of nations across the developing world. Countries like Iran, Cuba, Venezuela, Libya, Iraq and Syria have challenged the US,a global policeman. Back in the day,soon after assuming the power, the Left leadership in Latin American countries had adopted socialist schemes and had nationalised the wealth creating assets, which were previously in the hands of the US capitalists. Irked by the actions of these nations, the US had devised a series of stratagems to destabilize the regimes and to install its puppets through the imposition of cruel sanctions and by dubbing them as terrorist nations on the pretext of exporting violent communist revolution. With the exception of the regimes of Fidel castro in Cuba and Hugo Chavez in Venezuela, the US is largely successful in its agenda of destabilizing anti-American governments in the region. The US has a long history of mobilising anti-left forces in Latin America, the region which US sees as its backyard, in an attempt to oust socialist leaders. At present, by hook or by crook, the trump administration has been trying to depose Nicolas Maduro, the president of Venezuela, a socialist.

In addition,The US has been colonising the minds of the third world citizens psychologically with its cultural hegemony and anti-left indoctrination. It is important to understand that the reason for the neo-fascism, which is unfurling across the developing and developed world alike, is rooted in capitalism.The third world citizenry is disgruntled and the ultra-nationalist right wing forces in these countries have been channeling the distress amongst the working class to solidify their position. Growing inequalities, Falling living standards, Joblessness and Insecurity are exposing the incompetence of capitalism and have been pushing a large chunk of workforce in the developing countries into a state of despair.Adding to their woes, the Covid-19 has hit them hard.

The US, with the help of IMF and the world bank, had coerced the developing countries to shun welfare economics.The term “Development” is highly contested  in the economic domain.Capitalists argue that the true development of an individual and the society depends upon economic progress and the free market is a panacea for all problems.Given the monopolistic tendencies in the economical systems across the developing world, the free market is a myth, especially in a societies where a few of business families, who have cronies in policy making circles, dominates the economical and social scene.The time has come for the governments of these nations to address these issues and ensure that the wealth would be distributed in a more equitable manner.

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Restrictions on travel introduced in response to the COVID-19 pandemic continue to hit global tourism hard, with the latest data...

Africa Today11 hours ago

Somalia Scales up Social Protection Measures as COVID-19 Constrains Economic Growth

Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), the locust infestation and...

Southeast Asia13 hours ago

Crisis and Future of the Regime Stability in Southeast Asian Countries

The world has encountered a crisis several times. In facing a crisis, every nation’s leader will need to strive to...

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