WORLD DESK

An excerpt form the popular Russian talk show “An evening with Vladimir Solovyov”. Translated and subtitled by Eugenia. A well-known Russian filmmaker Karen Shakhnazarov discusses the meaning of the WWII memory for the Russian society and the Russian people. The context of the discussion was the proposed constitutional amendments. Translator’s notes: (1) The Soviet division consisted of 10,000 soldiers. (2) The British light cruiser Edinburgh carrying 5.5 tons of the Russian gold as payment for Western supplies was sunk by a German submarine on its way home from the Soviet port Murmansk in April of 1942. Shakhnazarov mistakenly said that it happened in 1941.

There is a joke going around Italy these days, after the latest Iranian developments: Italy doesn’t really need a foreign minister, since the position is already taken by a guy named Mike Pompeo, whose origins are, after all, Italian. Pompeo seemingly spent two days on the phone doing his best to inform European allies of what happened, but didn’t have time for a call to his Italian counterpart. Seriously, why bother?

JASON HIRTHLER—Hong Kong is ablaze. Venezuelan streets are thousands-strong with Bolivarians. Gilets Jaunes crowd the cobbled avenues of French capitals. Hondurans are rattling their neoliberal conman. Yet we hear only about the flour-pure pleas of innocent Asians whose petrol bombs bear the stamp of democracy, but not of a Latin demos chanting to loose the chains of imperial sanctions. Only those uprisings that can be suitably cloaked in free-market groupthink are cast in the spotlight.

THE SAKER—It will be interesting to see if the current G7 will ever agree to mutate into a new G10 which would make Russia, China and India the most powerful block (or voting group) of this new forum. I personally doubt it very much, but then they are becoming desperate and Macron’s words seem to be indicating that this option is at least being discussed behind closed doors. Frankly, considering how quickly the G7 is becoming utterly irrelevant, I expect it to be gradually phased out and replaced by the (objectively much more relevant) G20.

ELLEN BROWN—The Japanese state-guided market system was effective and efficient—so effective that it was regarded as an existential threat to the neoliberal model of debt-based money and “free markets” promoted by the International Monetary Fund (IMF). According to author William Engdahl in “A Century of War,” by the end of the 1980s, Japan was considered the leading economic and banking power in the world.