EIR LEAD EDITORIAL FOR TUESDAY JUNE 28, 2022
Developing Nations Take Lead in Fight for Dumping the Globalist Oligarchy’s System
June 27, 2022 (EIRNS)—One after the other, the Presidents and Prime Ministers of 13 nations invited to participate in the June 24 “BRICS+” summit, spoke of their intention to join forces with the BRICS grouping of Brazil, Russia, India, China and South Africa, in order to bring about a new international order in which poverty can be eradicated, and the peoples of all nations flourish. The 13 leaders were from Africa, Ibero-America, various parts of Asia, and even the Pacific Islands: Algeria, Argentina, Cambodia, Egypt, Ethiopia, Fiji, Indonesia, Iran, Kazakhstan, Malaysia, Senegal, Thailand, and Uzbekistan. They made clear they were speaking not only for their nations, but for all humanity.
“Here, all our efforts must be guided by the moral imperative: to Put People First,” Kazakhstan President Kassym-Jomart Tokayev said in concluding his address to the summit.
Argentina’s President Alberto Fernández told the meeting: “We must understand once and for all that development must be the new name of peace; that peace must today be the new name of development,” and he called for a new global financial architecture.
Egyptian President Abdel Fattah el-Sisi praised “the keenness of the BRICS grouping to adopt a common vision towards political and economic issues of interest to developing countries, particularly regarding the exploration of prospects for development cooperation ... in order to fulfill the hopes and aspirations of our peoples, towards a better and more prosperous future.”
Uzbekistan’s President Shavkat Mirziyoyev warned that “international tension is ever aggravating and there are signs of a systemic economic crisis.... Holding this Dialogue in the BRICS-Plus format once again demonstrates our resolute attitude to a soonest overcoming the common challenges.”
Algerian President Abdelmadjid Tebboune placed today’s fight in the proper historical context: the 50-year fight for a New, Just, International Economic Order:
“The economic underdevelopment which several emerging countries suffer is not only an internal issue, but derives its roots from an obvious imbalance in the structures of the international economic relations and the hegemony exerted by a group of countries.... These tensions remind us and bring up again the proposition suggested by Algeria, nearly 50 years ago, on the necessity of establishing a new economic order that ensures parity and fairness between the countries,” he told the BRICS+ summit.
Tebboune referenced United Nations General Assembly Resolution 3201 adopted on May 1, 1974, the “Declaration for the Establishment of a New International Economic Order,” as the model to be followed.
At that time, nearly 50 years ago, Algeria’s then-President Houari Boumédiène was a leading figure in the Non-Aligned Movement’s fierce fight for global development, and played a key role in getting that resolution passed. Its premise is equally valid today:
“That the interests of the developed countries and those of the developing countries can no longer be isolated from each other, that there is a close interrelationship between the prosperity of the developed countries and the growth and development of the developing countries, and that the prosperity of the international community as a whole depends upon the prosperity of its constituent parts. International co-operation for development is the shared goal and common duty of all countries. Thus, the political, economic and social well-being of present and future generations depends more than ever on co-operation between all the members of the international community on the basis of sovereign equality and the removal of the disequilibrium that exists between them.”
American statesman and the world’s leading physical economist, Lyndon LaRouche, played a major role in the 1974-1976 fight for development led by the Non-Aligned Movement, most notably in his May 1975 pamphlet laying out the scientific basis on which to establish an International Development Bank (IDB) as the keystone of a general reorganization of the even-then bankrupt IMF-centered international banking system, in order to finance the major infrastructural development projects and scientific breakthroughs, such as thermonuclear fusion power, required to secure continuous economic progress. In that document, LaRouche proposed Algeria’s Boumédiène as a good candidate to lead negotiations on the side of the Non-Aligned/developing sector, in the necessary negotiations with Western advanced sector nations (the U.S., Europe, Japan) and the Comecon, for the creation of the IDB.
That fight for the IDB and a just economic order was hard-fought; it took the London/Wall Street interests many assassinations and coups to prevent its success at that time—and thus continue the policies of usury which have brought us to today’s brink of nuclear war and total economic breakdown.
But that fight is back in force today, as the Algerian President has rightly recognized: The BRICS+ has become today’s Non-Aligned Movement. As Lyndon LaRouche did then, the Schiller Institute, led by Lyndon LaRouche’s widow and political companion Helga Zepp-LaRouche, is heading up the fight, issuing this week a “Call for an Ad-Hoc Committee for a New Bretton Woods System” which outlines the physical economic principles on which to found a workable system to replace the current brutal vulture capitalism system which has failed—economically, financially, and morally, as the communist system failed and collapsed in the 1989-1991 period.
Outlining eight steps required to crush the interests behind that failed system, the Schiller Institute call insists: “We must make people the priority of the economy, which is not a self-service shop for billionaires and millionaires, but must serve the Common Good. The new economic order must guarantee the inalienable rights of all people on Earth.”