Top Russian Public Intellectual: We Are on the Verge of Global War

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Top Russian Public Intellectual: We Are on the Verge of Global War

War is necessary for the preservation of the American system, Russia is the main target

 

American-Power

More then half of the world military expenses belongs to the US, and 2/3 – including NATO countries.

Sergey Glazyev is a Russian an influential public intellectual who views have wide traction among Russian elites. He was a minister in 1993, a member of the State Duma in 1993-2007, and ran for President of Russia in 2004. Glazyev was a co-founder of the Rodina party.

Text below is a transcript of a speech by Sergey Glazyev translated by Kristina Rus at Fort Russ

A sign of the upcoming collapse of America-central financial system is a crisis of the US national debt. You can see that this debt is growing exponentially. And any mathematician who looks at this graph will say that that the system has entered a critical phase and is in danger of self-destruction.

The American model is still strong. Americans dominate in financial markets, with about a 70% share of financial transactions. Having an opportunity of unlimited emission of the world currency, they finance a great share of military expenses, leading in the arms race. More then half of the world military expenses belongs to the US, and 2/3 – including NATO countries.

From the point of view of the long-term technological and institutional dynamics we are in a very dangerous period. This is a period of a shift of types of capital reproduction, cycles of accumulation, formation of a new core of economic development.

It could be called “a core of capitalism”, however the Chinese model combines social and capitalist mechanisms of organization of capital reproduction. Unfortunately in the 1990’s we tried to reproduce an old-fashioned model of capital reproduction, tried to copy the American model, and received a disaster as a result…..more here

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