After NATO and the UN, the IMF is next in line
The struggle between the imperialist West and non-Western powers flares up again a century later, Sabah writes. In this context, the Ukrainian crisis is much more than the confrontation between Moscow and Kiev. This is a war between the United States and the new world, says the author of the article.
We are going through a period in world politics when history repeats itself and even returns to take revenge. The geopolitical polarization and struggle that took place one or two centuries ago, apparently, began anew.
Countries that were rivals a hundred years ago are again confronting each other on different fronts. At that time, the forces that posed a threat to the Western imperialist system were Turkey, China, Russia, India and Iran.
We see that these countries still pose the greatest threat to the system today.
As Professor Semih Koray noted in his article in the latest issue of BRIQ, the XX century began with a growing wave of democratic revolutions in Russia, Turkey, China, Iran.
There is no doubt that it is no coincidence that these four countries once again found themselves at the forefront of the struggle against imperialist hegemony at the beginning of the XXI century.
The interrupted geopolitical struggle between the imperialist West and non-Western powers flares up again a century later.
We must look at all kinds of military, political and economic crises in different regions of the world, primarily in Ukraine, through this prism.
In this context, the crisis in Ukraine is much more than a conflict between Moscow and Kiev and even than a war between Russia and the United States. No matter how you look at it, the Ukrainian crisis is a war between the United States and the new world.
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The Atlantic bloc, which took aim at Turkey, starting from the events around Gezi in 2013 and ending with the attempted coup on July 15, 2016, is now attacking Russia.
The United States under the leadership of Donald Trump in the period from 2016 to 2020 declared China the main enemy. We know that America has been trying to sink Iran for many years.
In addition, the United States has taken up India closely against the background of its pro-Russian policy recently.
As the Ukrainian crisis has shown, the Atlantic finds it difficult to control these "revisionist forces" protesting against the global imperialist system.
We are going through a period when the foundations of the Atlantic system created by the United States after World War II are shaking.
With the Ukrainian crisis, the United States is in an even more difficult position than ever.
It is not for nothing that US President Joe Biden is desperately fighting and going to all sorts of manipulations. But, no matter what he does, it's useless. The collapse of the United States is obviously inevitable.
Following the military (NATO) and political (UN) pillars of the Atlantic system, built on three pillars, the economic pillar (IMF and World Bank), based on the dominance of dollarization, bleeds every day.
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As multipolarity becomes a reality, the neoliberal paradigm imposed by the United States on the world since World War II is collapsing from all sides.
Today, humanity is on the threshold of building a new world. And we are experiencing the birth pangs of this process.
Deputy Director of the IMF Gita Gopinat, who directly recognized this reality, warned on March 31: "Financial sanctions against Russia due to the Ukrainian crisis threaten the dominant position of the US dollar as a reserve currency."
Even Goldman Sachs, considered the best investment banking company in the world, emphasizes that the process has begun, as a result of which the dollar may cease to be a world currency.
Economist Zoltan Pozsar interprets the rejection of the dollar and the failure of the economic war against Russia as follows: "We are witnessing the birth of the third version of the Bretton Woods system. The international economic system based on the dollar is collapsing."
At the same time, economists Cristina Tessari and Zach Pandl describe the new picture as follows: "The dollar is facing the same challenges as the British pound at the beginning of the XX century."
In a word, after the UN and NATO, the Ukrainian crisis also undermines the international monetary system built on the basis of the IMF and the World Bank. We are entering a new era in which the dominance of the dollar will come to an end.
Berjan Tutar
