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US Empire

New Chinese Development Bank, Crisis For US Dominance

April 5, 2015 Nick Beams, www.wsws.org , , ,
Yesterday was the deadline for countries to sign up as founding members of the China-backed Asia Infrastructure Investment Bank (AIIB). It will go down in history as marking a significant defeat for the global foreign policy and strategic objectives of United States imperialism. Against strenuous opposition from Washington, more than 40 countries have now indicated they want to be part of the AIIB. Major European powers including Britain, France and Germany, as well as Norway, Denmark and the Netherlands, are on board. Almost all countries in the South East Asian region, which count China as their major trading partner, have also signed up. India is also a signatory, together with Taiwan. The most significant blow against the US was struck by Britain, its chief European ally, which announced its decision to join on March 12. It opened the floodgates for others to follow, including two key US allies in the Asia-Pacific—Australia and South Korea. Japan is also reported to be considering joining, possibly as early as June.

Understanding Ukraine, US and Russia

January 25, 2015 Diana Johnstone, www.counterpunch.org , , ,
With astonishing unanimity, NATO leaders feign surprise at events they planned months in advance. Events that they deliberately triggered are being misrepresented as sudden, astonishing, unjustified “Russian aggression”. The United States and the European Union undertook an aggressive provocation in Ukraine that they knew would force Russia to react defensively, one way or another. The fate of Ukraine was decided in September 2013, one of Ukraine’s richest oligarchs, Viktor Pinchuk, paid for an elite strategic conference on Ukraine’s future that was held in the same Palace in Yalta, Crimea, where Roosevelt, Stalin and Churchill met to decide the future of Europe in 1945. The Economist, one of the elite media reporting on what it called a “display of fierce diplomacy”, stated that: “The future of Ukraine, a country of 48m people, and of Europe was being decided in real time.” The participants included Bill and Hillary Clinton, former CIA head General David Petraeus, former U.S. Treasury secretary Lawrence Summers, former World Bank head Robert Zoellick, Swedish foreign minister Carl Bildt, Shimon Peres, Tony Blair, Gerhard Schröder, Dominique Strauss-Kahn, Mario Monti, Lithuanian president Dalia Grybauskaite, and Poland’s influential foreign minister Radek Sikorski. Both President Viktor Yanukovych, deposed five months later, and his recently elected successor Petro Poroshenko were present.
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