Home » today » Business » SCMP: ‘Grasping and egocentric capitalists’ are driving the world to destruction, however it could nonetheless be saved – 2024-05-21 08:33:00

SCMP: ‘Grasping and egocentric capitalists’ are driving the world to destruction, however it could nonetheless be saved – 2024-05-21 08:33:00

/ world at the moment information/ China is responsible for initially making an attempt to cover the outbreak of the coronavirus, however the West is essentially accountable for the truth that the whole lot became a pandemic, says South China Morning Submit commentator Albert Cheng. Led by america, developed nations became factories with low-cost labor, and because the latter closed in quarantine, the “grasping capitalists” have been unable to supply even masks.

Though the coronavirus epidemic is slowly winding down in China, the remainder of the world is simply getting began, writes Hong Kong political commentator Albert Cheng in an article for the South China Morning Submit.

In line with the analyst, given the greater than 200,000 confirmed circumstances of the illness in at the least 145 nations, plus numerous potential carriers of the virus who present no signs, it may be argued that the world is prone to have a protracted combat with COVID-19 . In the present day, the pandemic already has a big impact on the lives of many individuals, and as a way to cease this, the worldwide group should unite and strictly observe the suggestions of docs.

Solely whereas all different nations are involved about measures to restrict the unfold of the coronavirus, the British authorities from the very starting determined to place the scenario on their very own and introduced the necessity to develop “herd immunity,” one type of social Darwinism “, through which the fittest survive. Naturally, this place of the federal government angered the British and brought about panic amongst them. Since then, the authorities have needed to change their technique and introduce at the least some measures. ” A authorities that can’t act will solely exacerbate the pandemic.” Cheng commented. In such a tense scenario is the world with closed borders and economies sliding into recession, not removed from some type of international battle.

Because the creator of the article emphasizes, the pandemic can not discover greater issues. Sure, the primary main outbreak of coronavirus occurred within the Chinese language metropolis of Wuhan, and the PRC authorities are accountable for the preliminary try to cover the unfold of the brand new illness. However, the West can also be responsible for the worsening scenario.

In line with the analyst, one of many primary objectives of President Donald Trump’s US-China commerce struggle was to shift manufacturing from China to different nations or again to America. Actually, the Western world depends closely on the manufacturing capability and low-cost labor of the PRC. So when Chinese language factories have been shut down for quarantine, the West discovered itself with out sufficient medical provides, equivalent to masks and even medication. And if nations lack well being sources, they can not successfully cope with the epidemic. In line with Chen, “ The West did not include the virus as a result of it arrogantly underestimated the dangers and missed all possibilities to cease the unfold.”

Donald Trump factors to America’s overseas commerce deficit as proof that “ different nations use America “. In line with the observer, solely a idiot would consider such a factor. Actually, American customers simply took benefit of low-cost manufacturing in creating nations and have been capable of buy retail merchandise at extraordinarily low costs. And the US continues to print cash to spend extra, to extend its nationwide debt – ” they’re taking part in with hearth“.

If nobody stands as much as america, it may provoke one other international monetary disaster.” and the world, by the best way, has not but absolutely understood the implications of the 2008 disaster, the creator insists.

Moreover, creating nations, “ became international factories making an attempt to fulfill the insatiable demand of developed nations” , are at the moment going through critical environmental issues. And the identical America that has profited probably the most from shifting manufacturing into the arms of creating economies doesn’t wish to assist them defend the atmosphere as a result of they’re too far-off from it.

Albert Cheng is satisfied: “ Within the face of an intractable pandemic, America’s politics should first be put apart. If the grasping and egocentric capitalists don’t change their habits, the day isn’t far when the world will probably be destroyed . “

Again in 2015, billionaire and philanthropist Invoice Gates famous that the world was not prepared for the following epidemic. The businessman known as on the worldwide group to strengthen the worldwide response system and spend money on well being care in creating nations. Gates mentioned that such measures “will make the world fairer and safer . It’s not too late to observe his recommendation, concludes the creator of the article.

Translation: world at the moment information

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