China News

In the New World Order, the BRIC nations – developing nations – are to be the engine of global growth. That is at least what officials from the foremost global institutions have maintained all along, divorcing their narrative from the other, more populist narrative of just what the ‘New World Order’ is. That the ‘New World Order’ is not a standardization of the world system of financial governance, but, instead, merely a shift of power away from the North to the South has been the storyline given from technocrats, politicians and banksters through the entire crisis since 2008. But, as the crisis wears on and reveals itself to be globally systemic and evasive in nature – endemic to globalization – the future takes on a different aura.

For instance,  Caroline Anstey, managing director of the World Bank, claims that “the North no longer offers the model for development…

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