What people have not been told about GFC 2009 - West in 'permanent' decline.
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What people have not been told about the GFC 2009. Email to a German Face Book friend. Added a Post Script to provide some technical details.
"Since the onset of IMF globalization policies in the late 1970's under classes were created and exploitation permitted - those countries best able to exploit a vast work force gained the competitive advantage e.g. China and India.
Between 2004 - 2008 the UN dealt with economic, social and cultural rights which are concerned with social justice including exploitation. It would have been expected that the UN would stop such exploitation so countries competed on the basis of creative growth requiring individual freedoms for seeking of truth and new ideas to enable progress. BUT the UN failed to protect against exploitation.
It was a major concern of the Corporations that the UN might have protected against exploitation and when it didn't it meant they could safely relocate to countries with cheaper labor. The UN made this decision on 10 December 2008 and this was the major reason I consider for the global financial crisis in 2009 and the EU is still feeling the aftershocks - minus growth last two years, over 12% unemployment (and probably high underemployment).
And I can add that it my opinion, (ch5 of my book discusses what happened at the UN) the UN deliberately decided that the West, including the EU, was to go into 'permanent' decline. Unlike those in the global establishment who think it better people are protected from such hard truths I have always exercised a duty in human rights to inform people of important truth - also, in my view, it is better said than not".
PS, The human rights instrument adopted by the UN General Assembly on the 10 December 2008 was the Optional Protocol (OP) to the International Covenant on Economic, Social and Cultural Rights It established for the first time under international law the equal status between the very controversial economic, social and cultural rights and civil and political rights as now both had complaints procedures. The OP for civil and political rights has been in force since 23 March 1976.
Remembering that economic, social and cultural rights were at the centre of an ideological battle at the UN between East and West during the Cold War and also that America opposed the adoption of the OP throughout the discussions at the UN while the ‘American camp’ provided resistance.
Yet its adoption attracted no controversy. To my knowledge my book, released about six months before its adoption, was the only public dissent at the time.
The OP entered into force under international human rights law on 5 May 2013 but, in my view, people would have experienced the effects as from the time of its adoption. It resulted in a major rebalancing of global ideological and economic power from the West to other regions. The West was affected far worse than other regions as a consequence of the global financial crisis.
My book is, 'Freedom from our social prisons: the rise of economic, social and cultural rights' (Lexington Books, 2008). Chapter 5 deals with the OP. The book was later to be recommended on the UN website for two years. It outlines an ethical approach to human rights, development and globalization to replace neoliberalism.