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The talons of empire

Slobodian, Quinn

New statesman (1996), 2023-11, Vol.152 (5742), p.26-29

London: New Statesman Ltd

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  • Título:
    The talons of empire
  • Autor: Slobodian, Quinn
  • Assuntos: Banking industry ; Colonialism ; Decentralization ; Global economy ; Intellectual property ; International finance ; International relations ; National security ; Social networks ; Trade disputes ; Yom Kippur
  • É parte de: New statesman (1996), 2023-11, Vol.152 (5742), p.26-29
  • Notas: content type line 24
    ObjectType-Feature-1
    SourceType-Magazines-1
  • Descrição: Even though the US had outsourced most of its own manufacturing, it often continued to produce small key components or, more importantly, held the patent on vital parts. Since the Trump administrations declaration of a trade war with Beijing, China has been the primary target for this form of export control, which restricts third parties freedom of manoeuvre by way of globally enforceable intellectual property law. A half-century ago, the coalition of developing countries in the UN, known as the G77, viewed cutting off oil supply as a way to pressure, if not blackmail, the richer countries into a broader transformation of international relations that was referred to as the New International Economic Order (NIEO). Last year Margrethe Vestager, the European Commission vice-president, used the term too, somewhat fatalistically saying that the EU "had a hard awakening into the era of weaponised interdependence" after realising the "Stark limits of a production model based on cheap Russian energy and cheap Chinese labour". None of the would-be decentralisers in Underground Empire - from the Citibank head Walter Wriston, who dreamed of an offshore world free of state control, to the Ethereum blockchain programmer Vitalik Buterin's fantasy of decentralised autonomous organisations - are ever able to escape the gravitational pull of state power backed up by the monopoly of violence.
  • Editor: London: New Statesman Ltd
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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