'The magnitude of Russia's actions will play out for decades to come and mark a turning point in the world order of geopolitics, macroeconomic trends, and capital markets.'
That was Larry Fink, CEO of BlackRock in his annual letter to shareholders that published Thursday. And in our call of the day, he closed the door on decades of global economies connecting.
'I remain a long-term believer in the benefits of globalization and the power of global capital markets,' said the head of the world's biggest asset manager. 'But the Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades.'
That disconnectivity between people, nations and companies got a head start from two years of the pandemic. 'It has left many communities and people feeling isolated and looking inward. I believe this has exacerbated the polarization and extremist behavior we are seeing across society today,' he said.
And now Russia's aggression against its neighbor and decoupling from the global economy will lead companies and governments worldwide to 're-evaluate their dependencies and reanalyze their manufacturing and assembly footprints ' something that COVID had already spurred many to start doing,' he said.
While dependence on Russian energy is in the spotlight, we're also likely to see companies and governments bring operations either onshore or close to home, which could benefit Mexico, Brazil, the U.S. or Southeast Asia.
And that means higher costs and margin pressures are ahead. 'While companies' and consumers' balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,' said Fink.
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The most important thing to understand about the Trump-Russia collusion narrative is that it began with western intelligence agencies, was sustained by western intelligence agencies, and in the end resulted in cold war escalations against a government long targeted by western intelligence agencies.
It was the US intelligence cartel who initiated the still completely unproven and severely plot hole-riddled claim that Russia interfered in the 2016 election to benefit Trump.
It was a "former" MI6 operative who produced the notorious and completely discredited Steele Dossier which birthed the narrative that Trump colluded with the Kremlin to steal the 2016 election.
It was the FBI who spied on the Trump campaign claiming it was investigating possible ties to Russia. It was the US intelligence cartel which produced, and then later walked back, the narrative that Russia was paying Taliban-linked fighters to kill allied occupiers in Afghanistan which was leveraged by Democrats to demand Trump escalate further against Putin.
It was even a CIA officer who just so happened to be in the right place at the right time that kicked off the flimsy impeachment narrative that Trump had suspended arms deliveries to Ukraine.
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Russian disinfo agenda - a useful tactic
to justify cold war style retaliatory detente
Can you see the agenda yet?
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The global internet is disintegrating.
By Sally Adee - 15th May 2019 Source BBC (excerpts)
'Russia's ambitions are to go further than anyone
Russia's approach is a glimpse into the future of internet sovereignty. Today, the countries pursuing digital 'Westphalianism' are no longer just the usual authoritarian suspects, and they are doing so at deeper levels than ever before. Their project is aided as much by advances in technology as by growing global misgivings about whether the open internet was ever such a good idea to start with. The new methods raise the possibility not only of countries pulling up their own drawbridges, but of alliances between like-minded countries building on these architectures to establish a parallel internet.
'Russia and China were just earlier than others in understanding the potential impact that a massively open information ecosystem would have on humans and human decision-making, especially at the political level,' says Morgus.
"Their (my ital) view was that a country's citizens are just as much a part of the critical infrastructure as power plants, and they need to be 'protected' from malicious information targeting them ' in this case fake news rather than viruses. But this is not about protecting citizens as much as controlling them," says Lincoln Pigman, a Russia scholar at the University of Oxford and a research fellow at the Foreign Policy Centre think tank in London.
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'I think the future is with tech, and this is why we will win, Russia's leadership still lives in the 20th century, They have failed to notice that… governments must move towards becoming more and more like tech companies, rather than being rigid like a tank, like a war machine.'
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Speaking at the World Economic Forum Annual Meeting in Davos, the Business Secretary confirmed the UK would establish a new partnership with the World Economic Forum Centre for the Fourth Industrial Revolution, based in San Francisco, to develop future regulation which benefits business and consumers.
New technology is rapidly changing and creating entirely new industries, products and ways of serving customers with digital platforms improving the quality, speed, and price of a range of services from shopping and parking to streaming entertainment and travel. But alongside these economic opportunities come a range of ethical, legal and consumer protection issues which will require an active and agile response from regulators.
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from story Left:
After the pilot phase, it is hoped the four cities' governments will have increased the capacity to advance digital rights in their local contexts and share the learnings with cities from all around the world.
The Digital Rights Governance Framework focuses on the local safeguarding of human rights in the digital context of city governments. Specifically, it outlines how cities can uphold a human rights-based approach with regards to the digitalisation of their services and to some extent the digitalisation of the city.
The document gathers foundations, structures and tools that cities can put in place and which can be customized according to local needs. It has been co-created by city and organisations' experts', which provided evidence-based experiences out of practice, and can be used as a self-assessment tool and maturity model for city-government locally.
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