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The American Empire in a Changing World



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Wednesday, March 28, 2012

''Eclipse of the old world order''

From China Daily

"The wealthy, but stagnating, economies do not want change. They would like the world to stay as it is. The poorer, but rapidly growing, economies do want change. They would like to realize the world as it could be.

In the long run both need each other. But advanced economies will seek to retain the status quo, while history will be fueled by the large emerging economies.

With the emerging world pressing for change and the advanced world clinging to the past, it is in the context of a faltering world economy that the fourth BRICS Summit is held in India, on Wednesday and Thursday."

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