Comments on: The big powers need to learn to share Navigating the global archipelago Fri, 26 Sep 2014 22:50:11 +0000 hourly 1 By: DrJJJJ Mon, 31 Oct 2011 22:22:12 +0000 We’re sharing (the US)! Our National debt is over 100% now from sharing and our government is 40% of US GDP as a result of sharing and we owe 30 million baby boomers (3X the population of Greece) trillions in unfunded entitlements-which we’d like to share the burden with you-anyone, China, etc! We aren’t greedy, we love to spend-we’re progressive!

By: OneOfTheSheep Mon, 31 Oct 2011 18:59:47 +0000 Mr. Mousavizadeh sounds like a teenage son at a family financial conference trying to present a case for why he and his interests should get more respect and priority. Please.

The “outdated sense of privilege” of the “old powers? Please. “…the price of a new global growth era is one of shared power, and shared rule-setting, among developed and developing countries”?

The United States and Europe remain the largest percentage BY FAR of global consumers. Dollars and Euros are the medium of exchange in a market the “developing countries” have yet to meaningfully tap into. About all they have to offer the global economy is natural resources, most of which they can’t even tap without the expertise and direct assistance of the “old powers”. They can’t eat or refine their oil, gold, diamonds, etc., and so they depend on other countries for food.

When the new powers are able to assert their interests independently on the global stage. Well, in today’s shifting global environment, neither will do.

Lecturing the “old powers” about an “outdated oligarchy of power and giving up its privileges is premature. When the “old powers” sneeze, it is the new powers’ economies that come down with pneumonia.

There may come a time when the G20 is the legitimate management committee of an Archipelago World defined by a proliferation of economic and political power centers. That time is a LONG time in the future, if it ever arrives.

They have yet to learn that “the customer is always right”.