A New Cold War,
Between the People’s Economy and Political Economy, A Weapon of Nuclear
Sanctions’ Its Effect on the World Economy is Like Radiation
Mujeeb Khan
President Xi Jinping and President Vladimir Putin |
This man, Vladimir
Putin must be doing something good since the four presidents of the United
States have imposed so many sanctions on him that no one in the history of the
world has ever imposed such sanctions. President George W. Bush imposed
sanctions on him, then-President Obama adds more sanctions on him, its
diplomates were expelled from the United States. Then-President Trump broke the
records of Bush and Obama by imposing more than a dozen new sanctions on him.
President Trump also expelled his diplomats from the United States. Now,
within 100 days of his presidency, President Joe Biden has imposed tougher new
sanctions that will make it harder for him to survive politically. Now, what is
the difference between interfering in the elections of a country and
overthrowing the government by imposing strict sanctions on that country? These
are the political sanctions of the United States on which the President has his
stamps.
The US foreign
policy establishment considered Boris Yeltsin to be the most popular president
in post-communist Russia. Who was always drunk, he was the first democratic
president of Russia, under Boris Yeltsin Russia was in such a bad political and
economic shape that Russia would probably not be in such a bad shape after World
War II, during the reign of Boris Yeltsin, Russia was in a state of extreme
lawlessness and chaos, looting Russia’s national assets, the government did not
have the money to pay the salaries of government employees and its arms forces?
The separatist civil war in many Russian caucuses had taken a terrible turn,
bombs were exploding in Moscow. The foreign policy establishment in the United
States believed Russia would no longer be in the club of world powers. Under these
circumstances, Vladimir Putin entered Russian politics, President Putin quickly
overcomes the situation in Russia. Terrorism was over in caucuses. Chechnya,
which was devastated by the civil war, was rebuilt, economic activities were
restored in Chechnya, now Chechens are living in peace. President Putin brought
economic stability to Russia. The oil and gas industry developed tremendously. Cold
War debts to Russia were paid off. $80 billion was returned to Germany. President
Putin did so in the first few years of his rule, Russia’s economy was on par
with the United States and Europe. Russia’s foreign reserves would be $700
billion, Russia became a major trading partner of Germany. Russia was granted
membership of the Group of Seven. Russia’s fastest-growing economy has been
put on hold by economic sanctions.
The US economy has
been hit hard by the irresponsible wars, and now the economies of other
countries, especially China and Russia, are being hurt by economic sanctions. Economic
sanctions are a kind of nuclear weapon, it is used against few countries but
almost every country in the world affects its radiation. US economic sanctions
on China and Russia are in its foreign and defense interest. They have nothing
to do with the interests of 180 countries of the world. The United States has
imposed economic sanctions on Iran only in the interests of Israel and Saudi
Arabia. Israel has its own interests and has used Saudi Arabia and the United
States. The United States imposes sanctions on countries, companies, banks, that do dealing with Iran or any country which is under US sanctions. On the
other hand, voices are being raised against this influence of the United States
on the world economic system, and there are demands for an economic system in
which their economic interests are also protected.
The main reason
behind the US tensions with China and Russia is that they are trying to replace
the 70-year-old system with a new world order in which trade can take place in
more than one currency. This view is also being agreed upon in the European
Union. The world 70 years ago was the world of developed industrialized
countries, in which the natural resources of poor countries were plundered and
exploited. Their raw materials were not given a fair price, developing
countries at the time called it an unfair trade. China was one of the developing
countries. The globalized world of the 21st century has overtaken
this exploitative world and today the United States and other developed
industrial countries are pushing for fair trade with China.
It is a matter of
thinking, a closer look at the world map reveals that China’s trade and economic
policies are not about plundering, these are bilateral economic development policies ‘our economic growth is your economic prosperity.’ The results
of China’s fair trade in America's unjust wars for 40 years seem unfair to
the United States.