THE BRICS SUMMIT: Half of Humanity Launches a New World Economic Order

THE BRICS SUMMIT: Half of Humanity Launches a New World Economic Order

August 1, 2014 • 1:58PM

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By Dennis Small
A PDF version of this article can be found here.
In mid-July, as the planet was being wracked by growing war horrors in eastern Ukraine, Iraq, and Gaza, and by economic depression caused by the death throes of the trans-Atlantic financial system, heads of state representing half of humanity gathered in Brazil and took the first steps toward creating a New World Economic Order.
The leaders of the BRICS nations (Brazil, Russia, India, China, and South Africa), met on July 16 in Fortaleza for the VI BRICS Summit, and the next day they were joined by the heads of state of South America in the capital city Brasilia. The BRICS account for 43% of the world's population and 27% of the planet's land area; when Ibero-America is added in, they jointly represent 48% of the human race, and one third of the Earth's land area.

The BRICS & economically allied nations.

At the summit and its numerous associated bilateral and multilateral meetings, that half of humanity adopted a project that is premised on rejecting the current casino financial system, and replacing it with one providing credit for high-technology development projects; on educating and training youth to meet the growth challenges of the future; on full respect for national sovereignty, banishing the imperial policy of regime change and wars; and on explicit promotion of the common good among nations—the Westphalian principle.
"History tells us the law of the jungle isn't the way of human coexistence," Chinese President Xi Jinping stated on July 16.
"Every nation should obey the principle of equality, mutual trust, learning from each other, cooperating and seeking joint benefits ... for the construction of a harmonious world, sustained peace, and joint prosperity."
The British Queen was not pleased by these developments, seeing in them an existential threat to the Empire. Lyndon LaRouche was pleased—for the same reason. For 40 years, the renowned American statesman has devised programs, and organized for them internationally, of global financial reform and great development projects—most recently his "Four New Laws To Save the U.S.A. Now!"—of precisely the sort that have now been placed on the agenda by the BRICS.
"The BRICS and allies are building a world system based on real value, not phony paper value," LaRouche stated July 18.
"They are deciding what real value is, and they are imposing it, which is the cost of the productive powers of labor in a changing situation."
The underlying problem that we have to deal with today, LaRouche elaborated, is the "asymmetry of value in the world," which is coming from two distinct systems that are operating with a different logic and different metrics: They are totally incompatible.
The first system is the trans-Atlantic system. "These bastards," LaRouche stated, "who hold pieces of paper that they say are worth quadrillions, and they're prepared to kill for that," as the case of Argentina's battle against the vulture funds shows, as does the pro-vulture ruling of the Aristotelian idiot otherwise known as Justice Antonin Scalia of the U.S. Supreme Court. What these people are holding, this paper, LaRouche added, is absolutely worthless. "It's like taking rags out of a bucket and trying to sell them"; or even worse, it's just the promise of future delivery of derivatives on those rags, that they're saying actually has value.
This is the dead hand of the past, trying to stop humanity from creating any future for itself.
On the other side, we have an emerging system, incompatible with the first, which is building a market based on real value. And real value, LaRouche elaborated, comes from, and is measured by, the development of the productive powers of labor—that is, through the introduction of scientifically created new technologies, implementing productive processes which increase the energy-flux density through the physical economy in such fashion as to immensely increase the productive powers of labor. That new system will create a process whereby the increase in energy-flux density will itself increase at an accelerating rate.
This role of technological progress and scientific advance, LaRouche specified, is what the human species uniquely does. Such creativity is actually the source of value in an economy, and it is the way in which our action to create the future defines present value. It is the central concept of the American System of Political Economy, on which the United States was founded.
The decisive strategic question today, LaRouche concluded, is whether the United States will join that emerging New World Economic Order, or will remain joined at the hip to the British Empire—as it is under the impeachable President Barack Obama—and bring destruction down upon itself and the rest of the world. The same existential issue faces Europe.
Read the rest of the article here.