“If trade stops, war starts"says Jack Ma, Alibba’s CEO.
Is this a threat, a warning or a realistic assessment of the situation?
According to The Independent Online, 6 February, 2017, Mr. Jack Ma, the CEO of China’s biggest online retailer warned: "Everybody is concerned about trade wars. If trade stops, war starts." Mr. Ma visited President Donald Trump last month and announced his company would help create one million jobs in America – and added, "The world needs globalisation, it needs trade". Now, why is that so? Surely America can ‘create’ its own jobs without the help of this Chinese man?
During WWII Ezra Pound, then living in Italy, wrote:
“If you live on cliches and lose your respect for words, you will lose your ‘ben dell intelletto’. (Dante Inferno’ 111, 18.
‘Homely English wording gets that down to ‘USE OF YOUR WITS’, but I reckon Dante meant something nearer to Mencius meaning sense of ‘EQUlTY’).
Wikipedia tells us: Ezra Weston Loomis Pound was an expatriate American poet and critic, and a major figure in the early modernist movement. Born: 30 October 1885, Hailey, Idaho, United States and died: 1 November 1972, Venice, Italy.
“It is no use assembling a machine if a part is missing or defective. One must first have all the essential parts…
The pivot: “All trade hinges on money. All industry hinges on money. Money is the pivot. It is the middle term. It stands midway between industry and workers. The pure economic man may not exist, but the economic factor, in the problem of living, exists.
“… Not the gun merchants, but the traffickers in money itself have made this war (WWII); they have made wars in succession, for centuries, at their own pleasure, to create debts so that they can enjoy the interest on them, to create debts when money is cheap, in order to demand repayment when money is dear. But as long as the word ‘money’ is not clearly defined, and as long as its deﬁnition is not known to all the peoples of the world, they will go blindly to war with each other, never knowing the reason why.
“… This war is a chapter in the long and bloody tragedy which began with the foundation of the Bank of England in far-away 1694, with the openly declared intention of Paterson’s now famous prospectus, which contains the words already quoted: “The bank hath benefit of the interest on all moneys which it creates out of nothing”.
“To understand what this means it is necessary to understand what money is. Money is not a
simple instrument like a spade. It is made up of two elements: one which measures the prices on the market, (and) one which bestows the power to purchase the goods. It is this twofold aspect that the usurers have taken advantage of…”
- - Taken from Ezra Pound’s “Gold and Work” 1922.
ALL INDUSTRY HINGES ON MONEY
All modern commerce and trade hinges on money. Wages, salaries and dividends distribute the purchasing power.
“Economically the world is living on the products of the past – FINANCIALLY it is living on drafts upon the future.” - - Vic Bridger, Australasian School of Social Studies.
Wallace Klinck sums up:
“So long as we adhere to conventions of financial cost-accounting wherein the rate of flow and volume of final consumer prices increasingly exceeds the rate of flow and volume of disbursed consumer incomes, and we have no option for survival other than evermore to mortgage our futures with mounting and un-repayable private and public financial debt, our desperate plight will only continue to deteriorate.
Consumers (all citizens) should be getting National Dividends and benefitting from Compensated (falling) Retail Prices as the natural and rightful consequence of our vast and rapidly increasing marvellous technological efficiency as it continues to eliminate labour as a factor of production.
Until the financial problem is realistically addressed and appropriately resolved all political and social activism is just so much sterile, misconceived and misdirected shadow-boxing—destined inevitably and inexorably to fail.”