One of the recurring criticisms made to United States, repeated last Wednesday in the columns of the “China Daily”, written by international finance expert Dan Steinbock, is that “Unlike any other country, the US can print money at negligible cost and use it to purchase goods and services worldwide”. This type of analysis, mentioned from time to time since the creation in Brussels in 1973 of the SWIFT (Society for Worldwide Interbank Financial Telecommunication), is supposedly one of the reasons behind the launch, after the fall of the Berlin Wall and the crumbling of the Soviet Bloc, of the shared currency, the Euro, by continental Europe.
Until today, the ambition of the EU (hereinafter the Conglomerate) of a Euro that would move the Dollar has melted like snow in the sun.
Unlike Continental Europe, China, which is in an ascending phase of its economic and industrial power, does not seem to fear competition with the US; But the world’s second-largest economic power does not appear to have an immediate claim to replace the Dollar with their currency, the Renminbi.
It is useful to recall here that, since the dawn of time, before, during and after the Roman Empire, the Leadership, of a person or of a State, was rewarded by favors as a sign of recognition and gratitude in view of the leader‘s achievements. In this respect, France would have remained under German occupation for a long time, perhaps to this day, without the American intervention in 1944. Also, the former Federal Republic of Germany (FRG) would probably have had great difficulty in seeing the day, after the Second Great War, without the generous and massive aid and assistance of the Americans. Instead, there might have been a communist country in place, like the former GDR (German Democratic Republic), which would have had a destiny opposite to what characterizes current German prosperity.
The Germans know this, and indeed they were very grateful to the Americans that helped make post-war Germany the sacred monster of machine tool exports around the world. And US military and economic leadership over the liberal economy countries had been widely accepted by Europeans since World War II. It has even been strengthened with the formal adhesion of Western countries to the creation of SWIFT which initially propelled the Dollar to the forefront of international financial transactions.
Today, Germany, in complicity with France and others, is ostensibly showing their willingness to distance themselves from their traditional American mentor. Several interpretations are possible to explain this unprecedented turnaround in transatlantic relations, which will also impact us in Africa.
Among the hypothesis, there is one which wins our support more.
With the loss of their former colonies, the countries of Conglomerate EU, accustomed for centuries to harvest without embarrassment the fruit of the labor of others, but which cruelly lack Raw Materials in their reduced space, have become increasingly aware in being globally on the decline and that they were gradually losing ground in the race for international competition in all directions. Just think of their proven backwardness on “5G”, the electric car, information technology, artificial intelligence, the space race, and pandemic management and so on. And, indeed, the generalization of IT tools, including the Internet, which has made information available at the end of a click, has helped in bringing to light the tricks of the Conglomerate’s commercial and industrial optimization practices on the backs of Asian and American operators. In this way, many EU organisms derive from the practice of “copy and paste” on American organizations. For example, the creation of the European Food Safety Authority (EFSA) was made on the basis of information and expertise largely provided by the USFDA (United States Food & Drug Administration). Also, the ECDC (European Center for Disease Prevention and Control) is directly inspired by the American CDC (Centers for Disease Control and Prevention).
On the commercial level, there are numerous examples of products and / or articles manufactured in Asian countries, China in particular, then repackaged and labeled as of European origin before being shipped for distribution in Africa (our archives).
By favoring the recourse to this type of speculative practices which generate easy and rapid gains, the EU Conglomerate has become, in short, a major hub of commercial optimization (mercantilism).
It is therefore possible to think that beyond the recommendations imposed by the Covid-19 pandemic, the severe restrictions, currently imposed in parallel by the US and China on the arrival of continental Europeans in their countries, may also be motivated by the desire to curb the unbridled enthusiasm of the EU Conglomerate to “copy and paste” the work of others.
These mentioned restrictions, among others, which would aim to drastically reduce the opportunities of the Conglomerate UE to divert the results of others to claim them as their own, in front of Africans and elsewhere, were probably more than enough to push Germany and allied to turning away from American Leadership.
As a consequence, European commercial and industrial weaknesses very quickly came to the surface to the point that the leaders of the various EU countries became very talkative about the industrial and commercial efforts to be made by the “countries of the old continent” to regain their sovereignties. These “sovereignties” indeed seem to have been seriously damaged on many levels by international competitors.
While Americans were the first to become aware of the widespread plagiarism of EU countries with regard to US know-how and, for years actually, have tried to limit ‘Copy / Paste’ attempts by reducing contacts of US officials with their European counterparts; It seems that the Chinese are also in the beginning of following this trend.
And, at the same time, Africans are learning by widening their eyes that, in contradiction to the claims supported by the Europeans, who qualify the “old continent” as the center of universal innovation, the EU countries seem to have little economic power except on the impression of the Euro.
The corollary of this observation is that the Conglomerate EU, whose trade is in deficit everywhere except with our African countries, needs more than ever to cling to its asymmetric trade with our continent, imposed on our countries originally by strength since the colonial era.
And the essential way to continue these exchanges, certainly after their rebalancing, is by road through Morocco.
Everything suggests that the Kingdom of Morocco, called to become the Hub of all desires, is well aware of this and has decided to accelerate the construction of an expressway linking Agadir to the Mauritanian border over more than 1,500 km.
But whether the EU likes it or not, they must now deal with a planetary competition for the privilege of doing business with Africa and, at the same time, realize that our continent is tired of playing the milking cow for them. From now on, they have to pay the right price to secure our cooperation.
On the same subject of asymmetric exchanges, and to putting an end to this habit of coming to us with sanitary standards aiming to serve the goals of the Conglomerate EU at the expense of our own interests, Morocco seems actually to favor collaboration with the UNDP (United Nations Development Program) in implementing new standards, more objective, that the partners to the north of the Mediterranean shore will have to observe in the future or face legal action.
Morocco should continue on this momentum which will not fail to put balm in the heart of other brotherly African countries so that they in turn take their precautions and ask for balanced exchanges in the future with the countries of EU.