The Eurasian Big Bang

Tom Engelhardt posts Pepe Escobar's report on The Eurasian Big Bang in which China and Russia Are Running Rings Around Washington.

In the end, whatever Washington may do, it will certainly reflect a fear of the increasing strategic depth Russia and China are developing economically, a reality now becoming visible across Eurasia. At Ufa, Putin told Xi on the record: "Combining efforts, no doubt we [Russia and China] will overcome all the problems before us."

Read “efforts” as new Silk Roads, that Eurasian Economic Union, the growing BRICS block, the expanding Shanghai Cooperation Organization, those China-based banks, and all the rest of what adds up to the beginning of a new integration of significant parts of the Eurasian land mass. As for Washington, fly like an eagle? Try instead: scream like a banshee.

Emphasis Mine

Strangely enough, America's victory in the Cold War has allowed all of this to happen—the dismantling of Socialism in a Single State in the former USSR; and the rise of Deng in the PRC. Instead of mutual hostility through ideological conflict over Marxist-Leninism and Maosim, there is a mutual recognization of a common enemy in the USA and its naval hegemony.

It is this naval hegemony that forced Russia, China, India, and Iran to realize that it can be made irrelevant through development of land transportation routes through the Eurasian land-mass.

Since US-dominated institutions are reluctant to fund such infrastructure development, Russia and China have led the development of alternative financial institutions thereby lessening somewhat the political and financial leveraeg of the USA.

For Australia, this means we will probably keep putting the choice between following China or USA for as long as possible. For the USA, we remain a positive strategic asset in South-East Asia. For China, our value would only exist in the negative sense.