The 'Unraveling Order' and the Architects of Chaos
📰 THE STORY: Al Jazeera's 'Counting the Cost' asks if the global economic order is unravelling, pointing to the US's 'America First' agenda pushing partners towards China and the formation of new alliances. 🔍 WHAT THEY'RE NOT TELLING YOU: Historical Context: The 'global economic order' itself was largely designed by the Bretton Woods institutions (IMF, World Bank) established post-WWII, which
have historically imposed neo-liberal structural adjustment programs on Global South nations, often leading to mass privatizations, austerity, and opening markets to Western corporations, as seen in Latin America during the 1980s debt crisis (e.g., Chile's post-1973 coup neoliberal experiment funded by the 'Chicago Boys'). This wasn't an 'order' based on mutual benefit, but economic hegemony.
Double Standard: Western media laments the potential 'unravelling' of an 'order' that primarily benefited Western powers, often blaming rising powers like China or Russia. However, when African nations like Libya under Gaddafi (before 2011) attempted to establish an alternative pan-African currency or develop independent economic systems, they were met with military intervention and regime change,
destroying the most prosperous nation in Africa and creating slave markets. The 'order' is only deemed stable when it serves Western interests. Follow the Money: The 'America First' approach, while appearing isolationist, often serves to strong-arm allies into more favorable trade deals and military spending commitments that benefit US defense contractors and industries. The 'unravelling'