There is more to life than our purchasing power. Beyond the lack of social contact, the quarantine measures set in most European countries have worried more than one about its repercussions on the economy. The coronavirus has indeed, and will, in the coming months, put the neoliberal capitalist system under pressure. One of the main reasons is that middle classes are stuck at home. It means that large part of the population in most European cities has sufficient purchasing power to sustain the capitalistic system and are, therefore, the main target for multinational companies’ advertisement strategies.
The Asian Century is a debated concept which posits the idea that the 21st century will be led by the Asian continent from an economic, political, and cultural perspective. Supposedly, the previous 19th and 20th centuries, have been the British (European) and the American centuries respectively. The AsianDevelopmentBank is so confident of such an accomplishment that it published a report in 2011 titled “Asia 2050: Realizing the Asian Century.”
The implications are plentiful and, unsurprisingly, global. Yet this article aims to move one step beyond the above discussion. Over the past few weeks, several articles have focused on the possibility of a shift of power in Eurasia, from different angles. The first piece, “Black Wind, White Snow: Imagining Eurasia”by Casey Michel was published on TheDiplomat website, which referred to a recently released book reflecting on the Russian concept of “Eurasianism.” The notion was apparently coined, or at least, co-opted by the Kremlin and surrounding bodies as a way to promote and promise a brighter future to the disillusioned post-Cold war generations. The outcome of this attempt at normative construction has been mixed, according to Michel, but an overall aura of pessimism is perceivable across the book, suggesting that the imagined Eurasia may stay in the Kremlin’s mind.
Still, due to its strategic position and regional influence, it is crucial to consider the role of Russia in any potential Eurasian ‘coalition’.
The second and third articles tackle the issue from a more inclusive perspective and, perhaps startlingly, depict two opposite scenarios. The first one is from George Friedman, an expert in intelligence and international geopolitics, who wrote an article for Forbes claiming that the “Last time Eurasian Instability Was This Bad Was Before World War II”, describing several factors to justify such a dire prediction. A few examples are the supposed failure of the European Union, followed by the Russian and Middle Eastern crisis, in addition to the aforementioned slowdown in both China and Japan’s economies. The only exception, according to the author, is India, but that country alone will not be able to stop a ‘grand’ destabilization affecting the whole Eurasian continent.
Such a vision, in my opinion, is rather unconvincing, especially when considering the economic and geopolitical self-interest of the majority of the Eurasian countries. Their goal is, mostly, to pursue peaceful means of gain, being well aware that armed conflicts can bring far more disadvantages than benefits. A notable exception may be North Korea, for obvious reasons.
The last article, which I particularly enjoyed, provides a more optimistic view on the phenomenon. Graham E. Fuller, a former senior CIA official, wrote for TheWorldPost (partner of the renowned HuffingtonPost) an article entitled “The Era of American Global Dominance Is Over.”Such a bold statement from an American citizen may sound preposterous to some. Yet it is another piece covering the position of Eurasia, seen as an increasingly relevant one in this article. The author recognizes that the term itself may remind the readers of a geographical feature more than a political one, Eurasia as a sole, vast landmass. The author sees it as more than that. The central reason why Fuller thinks that the US is failing to deal with Eurasia is its stubbornness in ignoring the mega-continent “rising force” which is attracting more and more nation-states to its sphere. The article then mentions several economic, military and political reasons that support the author’s well-articulated stance. Nonetheless, the recurring theme is that the current century has seen the demise of Western global dominance and that the US should accept it now in order to take advantage of such power shift, while is still happening.
This last article appears to be the most convincing when you look to the latest global developments. A change is indeed happening, and although it does not mean that the US is not going to occupy a predominant position, their position is certain to be less hegemonic.
The above articles may not follow a common pattern and they likely originated from different pitches. Still, they have all been published in the past few days which may be a peculiar coincidence or a hint of an upcoming geopolitical trend. Regardless of that, it is unquestionable that the current European situation may benefit from additional transcontinental collaborations and a more balanced, multipolar power redistribution may benefit all the global players in the long run.