Boao Forum for Asia Annual Conference 2022: Only true multilateralism can benefit the world, Xi proposes Global Security Initiative, sends signal of peace, stability amid global turmoil

 Photo shows the fountain square in front of the permanent site of the Boao Forum for Asia (BFA) in Boao, South China's Hainan Province, on April 19, 2022. Photo: cnsphoto From the Global Development Initiative to the Global Security Initiative, China has always been a firm practitioner of true multilateralism. History will continue to prove that such a choice is on the right side of the history and on the side of human progress.

 

Chinese President Xi Jinping delivers a keynote speech via video at the opening ceremony of the Boao Forum for Asia Annual Conference 2022, on April 21, 2022.(Photo: Xinhua)

The Boao Forum for Asia Annual Conference 2022 is being held in Boao, Hainan Province, from April 20 to April 22. The theme of this year's forum is "The World in COVID-19 and Beyond: Working Together for Global Development and A Shared Future." In a keynote speech delivered at the opening ceremony of the forum on Thursday, Chinese President Xi Jinping proposed a Global Security Initiative, emphasizing the need to uphold "true multilateralism" and that it is particularly important for major countries to lead by example in honoring equality, cooperation, good faith and the rule of law, and act in a way befitting their status.

At present, the changes in the world, the times, and history are unfolding in an unprecedented way. At a time when unprecedented global changes are combined with a once-in-a-century pandemic, the world is at the crossroads of unity or division, cooperation or confrontation, upholding justice or hegemony. Xi's emphasis on "true multilateralism" is of great significance for lighting the way forward for international society to move on and promote peaceful development.

What is true multilateralism? It is, after all, that international affairs should be handled by all through consultations and the future and destiny of the world will be jointly decided by all countries. Such "true multilateralism" cannot be separated from the United Nations, therefore we must firmly safeguard the international system with the UN at its core; it cannot be separated from the international law, so we must unwaveringly uphold the international order underpinned by international law; it cannot be separated from global cooperation, so major powers need to lead by example in upholding justice, enforcing the rule of law, taking responsibility, and focusing on actions.

When representatives from 42 countries and regions were discussing regional solidarity and cooperation at the Boao forum, Washington was hosting the G20 Finance Ministers and the Central Bank Governors meeting. Finance ministers of countries including the US and Canada walked out when the Russian delegate spoke, staging a show of "political protest"at an international multilateral economic cooperation forum. The US supports a draft resolution to adjust the use of the veto by permanent members of the UN Security Council. All those acts are weakening and jeopardizing multilateralism and multilateral mechanisms.

In stark contrast, Asia is "climbing the hill together and going down the ravine together" and making "sugarcane and lemongrass grow in dense clumps." In 2021, the region withstood the pressure of the raging COVID-19 pandemic and led the global economic recovery. Measured by purchasing power parity, Asia accounted for 47.4 percent of the world's economy in 2021. From taking the lead in advocating the Five Principles of Peaceful Coexistence and the Bandung Spirit, to jointly promoting the signing of the Regional Comprehensive Economic Partnership Agreement, Asian countries have made maintaining and practicing multilateralism in the region to transform from an experiment to a model, through all-round and broad-based win-win cooperation.

However, for Washington accustomed to creating rivals and stirring up trouble around the world to gain benefits, the stability and prosperity of Asia have become a thorn in its flesh. To seize the moral high ground and sugarcoat its geopolitical ambitions, Washington has even packaged its so-called Indo-Pacific Strategy as "multilateralism." It also has attempted to disturb regional peaceful development by strengthening its "multilateral mechanisms," including its "quadrilateral mechanism" and "trilateral security partnership." If we want to practice "true multilateralism," we must be wary of and oppose such "fake multilateralism."

It is clear that a lot of unrest, division, and poverty have been created in different parts of the world under practices of prioritizing one country's interests, making coteries that uphold hegemony, treating international rules as a tool for the interests of one nation, using a certain country's interests as the criteria, and engaging in "selective multilateralism." The US is still using the Russia-Ukraine conflict to further divide the world into camps and keeps pressuring neutral countries to "take sides." Such a "fake multilateralism" sometimes is deceptive to some extent, but more and more countries have seen through it and denied any attempts to stir up troubles globally or seize geopolitical "fruits."

As a Chinese saying goes, "Power may win for the time being, but justice will prevail for the long run." All countries across the world are in the same boat with a shared destiny. We must work together to sail through the stormy seas to a bright future. Any attempt to throw whoever into the sea is unacceptable. From the Global Development Initiative to the Global Security Initiative, China has always been a firm practitioner of true multilateralism. History will continue to prove that such a choice is on the right side of the history and on the side of human progress.

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 Xi proposes Global Security Initiative at Boao Forum, 'sends signal of peace, stability amid global turmoil’...

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Chinese President Xi Jinping delivered a keynote speech via video link at the opening ceremony of the Boao Forum for Asia Annual Conference 2022 held in Boao, Hainan Province. Here are some highlights of his remarks (4/12)

China's multilateralism pledge at Boao Forum helps safeguard world security amid pandemic, conflict

China's commitment to multilateralism and opening-up is reassuring to a world faced with rising security risks, academics and delegates attending the Boao Forum for Asia (BFA) 2022 said on Wednesday, as the international forum amid a new round of epidemic ...

Multilateralism, regional integration will ease supply chain problems: Boao Forum

The ongoing global supply chain crisis should be tackled by the major economies leading by example through multilateral consultation, economists and delegates attending the Boao Forum for Asia 2022 said.

 

Boao Forum is a Chinese message about world collaboration in the post-pandemic era: envoy

Despite global challenges, the Boao Forum for Asia held in South China's Hainan Province, sent the world an important message of global collaboration and development while addressing new opportunities in Asian regional cooperation to overcome economic hurdles in the post-pandemic era, the Mongolian Ambassador to China said on Thursday.

 

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Malaysia will open its borders to international travellers on April 1, 2022

 

Malaysia to fully reopen borders from April 1 as country transits to COVID-19 endemic phase

Free to travel: Under the new rules, visitors and Malaysians who have been fully vaccinated will no longer have to quarantine when they arrive. — IZZRAFIQ ALIAS/The Star

KUALA LUMPUR: In about three weeks, Malaysia will reopen its borders and those wanting to visit the country will no longer need to apply for the MyTravelPass.
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All travellers have to do is download the MySejahtera application and fill in the pre-departure form under the “Traveller” section, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
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“The reopening of the country’s borders was one of the much-awaited announcements among the rakyat.
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“We believe that the reopening of the borders on April 1 will not only bring freedom for the rakyat to travel abroad but also allow those from other countries to visit Malaysia,” he said at a press conference in Parliament yesterday.
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Visitors and Malaysians who have been fully vaccinated against Covid-19 will no longer have to quarantine when they arrive.
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They must, however, undergo a RT-PCR test two days before departure and a professional rapid test (RTK-Antigen) upon arrival.
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“They can do the RTK test at the airport or at a health facility outside, but it must be done within 24 hours,” said Ismail Sabri.
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As for travellers who have not been fully vaccinated, he said the entry procedures will be explained by Health Minister Khairy Jamaluddin today.
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“The country wants to provide comfort to travellers and not complicate their travel process,” the Prime Minister added.
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As for Malaysians, he said those with valid documents are free to travel to any other country that had reopened their borders to visitors.
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For countries that had yet to fully open their borders such as Singapore, Malaysians could use the Vaccinated Travel Lane (VTL) method, he said.
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He added that the country is also in the midst of implementing the VTL initiative with Thailand, Brunei and Indonesia.
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The country’s borders have been shut since March 2020, while entry of foreign workers has been frozen due to the pandemic.
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Ismail Sabri noted that the reopening of the borders will help revive the country’s economy, especially the tourism industry which was badly hit by the pandemic.
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Some 98.7% of Malaysia’s adult population are fully vaccinated, while 64% have received their booster shots.
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Although the country’s daily cases have shot past the 30,000 mark due to the recent Omicron outbreak, 99% of the infections are mild or asymptomatic.

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SOURCE :

World / Countries / Malaysia

Last updated: March 09, 2022, 06:57 GMT

https://www.worldometers.info/coronavirus/country/malaysia/

Big dreams of becoming a global cryto hub

Singapore plans to emerge as key player

Easing restrictions: A representation of the virtual cryptocurrency bitcoin. The Monetary Authority of Singapore is against clamping down on crypto. — Reuters

 SINGAPORE: Singapore is seeking to cement itself as a key player for cryptocurrency-related businesses as financial centres around the world grapple with approaches to handle one of the fastest growing areas of finance.

“We think the best approach is not to clamp down or ban these things,” said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), which regulates banks and financial firms.

Instead, MAS is putting in place “strong regulation”, so firms that meet its requirements and address the multitude of risks can operate, he said in an interview.

Nations differ vastly when it comes to how they handle crypto: China has cracked down on large amounts of activity in recent months, Japan only recently allowed dedicated crypto investment funds – though El Salvador has embraced bitcoin as legal tender.

In the United States, while there are an abundance of options for investing in the burgeoning asset class, regulators are concerned about everything from stablecoins to yield-generating products.

“With crypto-based activities, it is basically an investment in a prospective future, the shape of which is not clear at this point,” said Menon, who has helmed the MAS for about a decade.

“But not to get into this game, I think risks Singapore being left behind. Getting early into that game means we can have a head start, and better understand its potential benefits as well as its risks.”

The stakes are high for the small island nation, which has already earned a reputation as a global wealth hub. Singapore must raise its safeguards to counter risks including illicit flows, Menon said.

The city state is “interested in developing crypto technology, understanding blockchain, smart contracts and preparing ourselves for a Web 3.0 world,” he said, referring to the third generation of online services, which will be a key theme during the Singapore Fintech Festival that MAS will host next week.

Menon acknowledged that banks and other financial institutions will face certain challenges with the decentralisation of finance. Still, Singapore wants to be “well positioned” for 2030 when “an economy of tokenisation” may come, he said.

Singapore isn’t the only place with crypto ambitions. Locations as diverse as Dubai, Miami, El Salvador, Malta and Zug in Switzerland, are also making efforts.

It can be a fine line to tread, given the crypto industry grew up with few regulations, so many players balk at government officials’ attempts to impose guardrails.

Singapore’s approach has attracted crypto firms from Binance Holdings Ltd, which has had a series of run-ins with regulators around the world, to Gemini, a US operator targeting institutional investors, to set up base.

Some 170 companies applied for a MAS licence, taking the total number of firms seeking to operate under its Payment Services Act to about 400, after the law came into effect in January 2020.

Since then, only three crypto firms have received the much-coveted licences, while two were rejected. About 30 withdrew their application after engaging with the regulator. 

Among those approved is the brokerage arm of DBS Group Holdings Ltd, Singapore’s largest bank, which is also a pioneer in setting up a platform for trading of digital tokens while offering tokenisation services.

The regulator is taking time to assess applicants to ensure that they meet its high requirements, Menon said. The MAS has also boosted resources to cope with high volumes of prospective services operators, he said.

“We don’t need 160 of them to set up shop here. Half of them can do so, but with very high standards, that I think is a better outcome,” he said.

Menon said the benefits of having a well-regulated local crypto industry could also extend beyond the financial sector.

“If and when a crypto economy takes off in a way, we want to be one of the leading players,” he said.

“It could help create jobs, create value-add, and I think more than the financial sector, the other sectors of the economy will potentially gain.” — Bloomberg

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How Malaysia Budget 2022 Can Drive Your Business Forward? Forum 5 Nov 2021 . 3pm ~ 4:30pm

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Session 1 : #SOS: How Budget 2022 Can Drive Your Business Forward

The session will address:
– SME portfolio financial restructuring
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Speakers:
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2) Jenny Hoh, Vice President of SME Advisory and Marketing, CGC
3) Yip How Nang, Head of SME Banking, RHB Bank Berhad

Session 2 : #SOS: How Budget 2022 Can Drive Your Business Forward

This session will address:
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– Reopening of all sectors – What’s next? Is this the right time to invest or expand your businesses?
– Government’s focus on enhancing digital infrastructure. How can SMEs benefit?

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Covid-19 self-test kits going for as low as RM6.90 per unit

 

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Covid-19 self-test kits now available for as low as RM6.90 -A +A

SEPANG (Nov 1): The Covid-19 self-test kit is available for as low as RM6.90 a unit, said Minister of Domestic Trade and Consumer Affairs Datuk Seri Alexander Nanta Linggi.

He said this followed the move to expand the sale of the test kit to supermarkets, convenience store networks and petrol stations in stages.

“The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) was told the prices offered at supermarkets and convenient stores are as low as RM6.90 each while, KK Supermart is selling them for only RM6.60 each.

“This is surely very good news to consumers in the light of the situation today,” he said when launching the Covid-19 self-test kit sales at KK Supermart in KL International Airport 2 (klia) and inspecting the 2021 Deepavali Festive Season Maximum Price Scheme, here on Monday.

Prior to this, the Covid-19 self-test kits received conditional approval from the Malaysian Device Authority (MDA) to be sold at selected clinics and pharmacies.

The government had fixed the maximum retail price for Covid-19 self-test kit at RM19.90 per unit and wholesale price at RM16 a unit effective Sept 5.

Nanta said the decision of the government to expand the sales of the Covid-19 self-test kit would bring down the price with the readiness of stock and through competition in the retail sector.

As of Oct 28, he said 2,570 business premises nationwide had been approved to sell the Covid-19 self-test kits whereby 494 are under KK Supermart & Superstore Sdn Bhd including at klia2.

On the new ceiling price of the Covid-19 self-test kit, Nanta said it would be announced soon and its determination would take into account all aspects including the interest of consumers and traders.

“The business environment must be centred on supply and demand. It is not necessary for the government to use its power to restrict and regulate,” he added.

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Covid-19 self-test kits going for as low as RM6.90 per unit

 

 

 

 https://www.facebook.com/99speedmartMY/photos/a.1816870858402640/4554888797934152/?type=3

 

 

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TIME TO guard, protect and attack - New Straits Times

Shocking to allow a convicted criminal to travel overseas !

 

He is barred from contesting in the coming general election, but he is allowed to travel overseas? 

Competing narratives and managing diversity in 'New Malaysia' - Aliran

The Center to Combat Corruption and Cronyism (C4 Center) is appalled at the news that former Prime Minister Najib Razak has been allowed his passport for travel, especially since he has already been convicted of serious corruption and criminal breaches of trust.

We urge the Attorney General’s Chambers and the prosecution team to explain to the public why there was no objection to Najib’s application for temporary custody of his passport. There are real reasons for concern about flight risk, as he is appealing his conviction, and continues to face more daunting charges in court, all related to 1MDB and its subsidiaries.

He is also appealing an amount of RM1.7bn of fines to be paid to the Inland Revenue Board.

In addition, the 1MDB scandal was again named in the Pandora papers and linked to Russian and Indian frauds, signalling no end to this gargantuan financial heist, of which he is a central figure.

Despite the heavy load of charges and a slew of court dates still before him, and with repeated delays due to Covid, the prosecution did not see fit to object to the application. We ask for an urgent explanation of what constitutes a fair request.

C4 Center asks for the full reasons behind the decision not to object to his application for the return of his passport.

It bears stating again that Jho Low and Nik Faisal, central allies of Najib, are both still at large, and Malaysia cannot afford to give Najib any opportunity to escape, after being charged with multiple counts of money laundering and corruption in such a massive financial heist. We ask again what measures are in place to ensure he does not slip away

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READ MORE: The Najib Razak 1MDB Trial Ep 57: No action taken 

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As it stands, how is it that Najib, who owes the government such a hefty sum, is allowed to leave the country, while PTPTN (student) loan and income tax defaulters get blacklisted?

While the blacklist for PTPTN loan defaulters has since been overturned, this still represents a gross inequity in treatment. Double standards in the execution of the law will greatly affect the upholding of the rule of law.

Should it really be a case of class and caste, action has to be taken to protect the judiciary against the pulling of strings and offering of favours, to ensure that justice is meted out properly, with the punishment befitting the crime.

We are dealing here with a convicted criminal who is barred from contesting in the coming general election, but he is allowed to travel overseas. Where is the logic in this?

We urge the Ismail Sabri Yaakob government to assure Malaysians that former PM Najib must account for his misdeeds and cannot be given preferential treatment. – C4 Center

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Non-invasive COVID-19 breath test results in 10 minutes

A medical worker takes a swab sample from an elderly man for COVID-19 test at a testing site in Nanjing, east China's Jiangsu Province, July 21, 2021.(Photo: Xinhua)

 

 

No swabs – experts develop new screening method with simple breath exhalation

BEIJING: A NEW Chinese developed technology can return novel coronavirus test results within five to 10 minutes with a simple exhalation of breath, eliminating uncomfortable throat or nostril swabs and long waits.

According to a study published recently in the Journal of Breath Research, an academic journal based in the United Kingdom, Chinese scientists and researchers have developed a noninvasive rapid screening test for Covid-19 by analysing breath-borne compounds.

The technology was developed by a team led by Yao Maosheng, a professor at Peking University’s College of Environmental Sciences and Technology, together with colleagues from the centre for disease control and prevention in Beijing’s Chaoyang district.

The research team has applied for a national patent for the new system.

Yao said that because SARS-COV-2 infection causes changes in metabolism, the composition of exhaled breath of Covid-19 patients was different from that of others.

He said that analysis of 12 key organic compounds could discriminate Covid-19 from other subjects with 91% to 100% accuracy.

To take the test, people only have to exhale into a disposable plastic bag for 30 seconds or less. Compared with nucleic acid tests, such screening is cheaper and faster.

“Experiments with recruited subjects have proved that the system is effective,” Yao said. “It’s fast, and sensitive enough.

“Now we need to test more breath samples for the system to go from the experimental stage to clinical application.”

He said their published work involved 74 Covid-19 patients, 30 patients with non-covid-19 respiratory infections and 87 medical workers and healthy people.

Yao said that common nucleic acid tests sometimes report false negatives for confirmed Covid-19 patients, creating dire risks in controlling the spread of the disease. Yao said the noninvasive screening system could save time and overcome the nucleic acid test’s sensitivity problem, particularly in scenarios where rapid screening was desired, for example in hospitals, airplanes, high-level meetings, quarantine hotels and customs entry points.

Scientists and researchers in some other countries, including Japan, Indonesia, Israel, France and the Netherlands, have been working on developing similar technology since last year. But Yao said the research teams in China were the first to report experimental data.

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 Researchers develop quick, noninvasive COVID test - China ...

 

Chinese scientists create COVID-19 breath test that generates result in 10 minutes

The latest research by a Chinese team could save people from the discomfort of taking a throat or nasal swab for COVID-19 nucleic acid testing, and save time too, as a new test method only requires the patient to exhale into a bag for 30 seconds, with 5-10 minutes needed to finish the analysis.

The Global Times on Wednesday learned from the team leader Yao Maosheng, a professor at the College of Environmental Sciences and Engineering at Peking University, that the test is highly accurate, and can differentiate among COVID-19 carriers, healthy people and patients of other respiratory infections.

The study was based on exhalations of 74 COVID-19 patients, 30 patients with other respiratory infections and 87 healthy people. There are 12 s

ignal breath-borne volatile organic compounds (VOCs) from their exhalations, which can be regarded as "fingerprints."

Higher levels of propanol were detected in the exhaled breath of COVID-19 patients and other respiratory infections than healthy subjects, while breath-borne acetone was found to be significantly lower for COVID-19 patients than those with other respiratory infections, Yao said.

Based on the 12 signal VOCs, an algorithm was created, and verification of the algorithm found its accuracy ranges from 91 to 100 percent.

The quick procedure and high accuracy give the new method an edge in comparison with the antigen-based quick testing. Yao told the Global Times the new technology didn't require any reagents and has a lower detection limit for detecting VOC species.

The new method is also cheap, costing 10 yuan ($1.5) in comparison with a nucleic acid test that charges 80 yuan for takers.

The test is capable of identifying a COVID-19 infected person with a false negative throat swab test. Asymptomatic and pre-symptomatic infections can be detected early, the Global Times learned.

The research was co-conducted by the Laboratory of Environmental Simulation and Pollution Control of Peking University and Chaoyang district's Center for Disease Control and Prevention in Beijing.

It can be used in various scenarios, including the Beijing Winter Olympics, Yao said. But the expert noted that as China doesn't have many cases, further data and validation tests may be needed before the technology is applied. 

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Can the great powers avoid war?

 https://youtu.be/Uiz934HVZjY

 Super Imperialism: The Economic Strategy of American Empire with Michael Hudson

 

 

https://youtu.be/NK0ls5hV_5Y  

The Rise and Fall of Great Powers? America, China, and the Global Order

 

When the meek are weak, they suffer because they must. But when the strong are insecure, that is when war begins.

AS tensions over the Taiwan Strait mount, everyone needs to think through whether war is inevitable.

Leon Trotsky once said: “You may not be interested in war but war is interested in you.”

And if we slip into war by what World War I historian Barbara Tuchman called the “March of Folly”, can the great powers step back from mutual nuclear annihilation?

When the world’s unipolar power incurred more pandemic deaths (at last count 752,000) and got defeated in Afghanistan by tribal warriors, no one should be surprised to ask whether America (and by extension Western civilisation) is in a decline.

The prestigious US magazine Foreign Affairs devoted three issues this year to: “Can America Recover?”, “Decline and Fall – Can America ever Lead Again?” and “Can China Keep Rising?”

For those reading the endless barrage of invectives against America’s rivals, it certainly feels like the Cold War has returned with a vengeance.

However, for Greta Thunberg and fellow climate activists, surely the world leaders’ priority is to work together to address our looming climate disaster.

Why are alphas fighting in a burning planet? Shouldn’t we call “time out” to see how to address collectively the urgent and existential issues of human and planetary distress?

Next month, the World Economic Forum is meeting in Dubai with an agenda to move from a Great Reset to a Grand Narrative Initiative “to shape the contours of a more prosperous and inclusive future for humanity that is also more respectful of nature.”

Grand Narrative may sound like a media story but the reality is that the masses are unlikely to buy an elite-driven dream until they are part of the conversation.

Take Harvard historian Samuel Huntington’s “Clash of Civilisations” narrative. Written in 1996, Huntington seemed prescient in predicting the clash between Western civilisation and the rest, namely, Sinic, Japanese, Hindu, Islamic and Latin American.

He asked poignantly: “The central theme for the West is whether, quite apart from our external challenges, it is capable of stopping and reversing the internal process of decay. Can the West renew itself or will sustained internal rot simply accelerate its end and/or subordination to other economically and demographically more dynamic civilisations?”

Huntington basically reflected the worry of British historian Arnold Toynbee (18891975) that since civilisations are born out of primitive societies, the key is whether the elites can respond effectively to new challenges, internal or external.

Toynbee saw clearer than other Western historians like Gibbon (Decline and Fall of Roman Empire) that collapses are not necessarily due to barbarian invasions but whether the ruling elite can overcome their own greed or interests to address the new challenges.

In pure economic, financial, technology and military terms, few question that the West remains superior in almost all aspects, except in population numbers.

According to the Maddison projections of population and GDP, the rich countries (essentially Western Europe, plus Western offshoots (the US, Canada, Australia and New Zealand) and Japan would be 947 million people and 36.3% of world GDP by 2030, whereas Asia (China, India and other parts of Asia) would have a population of 4.7 billion and 49.6% of GDP.

This reverses the 2003 position when the West (including Japan) accounted for half of world GDP, compared with one-third for Asia.

The dramatic reversal is due to the rise of China, India and the rest of Asia to higher-middle-income levels by 2030, mainly through trade and catch-up in technology.

In the coming decades, roughly one billion rich West must contend with the rising powers of China (1.4 billion), India (1.3 billion) and Islamic countries (1+ billion), which have cultures and ideologies very different from the West.

If the planet heats up as expected, expect more Latin Americans, Africans and Middle East poor arriving on the West’s borders to migrate.

At the same time, with the American demonisation of Russia and China pushing them closer together, the United States is confronting at least three fronts (including the Middle East) amid a fractious domestic arena, where political polarisation prevents policy cohesion and continuity.

This current situation reminds Islamic countries following their great historian Ibn Khaldun (1332-1406 AD) of the cycle of dynastic and empires that Islam went through.

When the social cohesion or bonds (asabiya) is strong, there is state legitimacy and empires rise. When it is weak, dynasties fall and empires are lost.

After the Jan 6, 2020 insurrection in Washington DC, many are inclined to believe that fratricidal tribalism is happening now inside America.

Similarly, Chinese macro-historians Sima Qian (Records of the Grand Historian, 146-86 BC) and Sima Guang (Comprehensive Mirror for Governance, 1019-1086 AD) also recorded that empires fall not so much from external invasion but internal decay.

In Yale, historian (Rise and Fall of Great Powers) Paul Kennedy’s terminology has the United States arrived at the point of “imperial over-reach”, when the country’s global ambitions and responsibilities exceed its financial and industrial capacity.

After all, the US government debt has reached as high as the end of World War II level without even starting World War III.

But all historians know that rise, decline or fall is never pre-ordained. The past is not a scientific linear predictor of the future. The unipolar order has weakened, without any grand bargain between the great powers on what the new order should even begin to look like.

Any grand bargain requires the incumbent hegemon to admit that there are equals and peers in power that want the rules of the game reset from the old order.

This does not mean that anyone will replace the United States soon because everyone wants to buy time to set their own house in order after the pandemic.

In short, before any Grand Narrative, we need a whole series of conversations with all sides, from the weakest to the most powerful, on what individually and collectively the post-pandemic order should look like.

There can never be one Grand Narrative by the elites until there are enough dialogues between the many.

When the meek are weak, they suffer because they must. But when the strong are insecure, that is when war begins.

By ANDREW SHENG. Andrew Sheng writes on global issues from an Asian perspective. The views expressed here are the writer’s own.

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