Coronavirus Devastates Italy: Is It the Result of Globalism and Free Trade?

Philip Giraldi April 9, 2020

Coronavirus Devastates Italy: Is It the Result of Globalism and ...

The devastating impact of the coronavirus on Italy has sparked considerable speculation as to why the country appears to have suffered so disproportionately from the disease. Some initial theories suggested that the deaths might be due to lower standards and ill-advised practices in the Italian national health system, but the reality is that northern Italy, where the virus has struck hardest, has by most metrics better and more accessible health care than does the United States overall.

By one reckoning, the claimed number of dead is too high because anyone who tested positive and died had his or her death attributed to the virus even if it was actually due to other unrelated causes. And that argument has also been flipped on its head to demonstrate that the numbers are too low, using the fact that many Italians have not been tested for the virus to assert that many dead were actually caused by coronavirus. Since those dead were not medically confirmed positive for COVID-19, the deaths were erroneously attributed to other causes.

A third bit of somewhat more bizarre speculation centers on the fact that in September 2019 Italy made legal euthanasia for those with terminal illnesses seeking to end their suffering, a move strongly opposed by the Roman Catholic Church. Some of those weighing in on the number of deaths have claimed without evidence that a significant percentage of the dead were actually cases of euthanasia, i.e. implying that Italy has been deliberately killing off its elderly. Those seeking an explanation for such bizarre behavior by the national health service have suggested that it would be to ease pressure on the troubled Italian economy by eliminating old age pensions and medical costs.

Be that as it may, there is an interesting backstory developing in the Italian media about why Italy has been hit so hard by the “Chinese” virus in spite of the fact that it has been in lockdown for over one month. Italy’s ties with China, and with the city of Wuhan, where the virus may have originated, run deeper than with any other European country.

Last spring, when my wife and I were traveling in Northern Italy, we noticed the large numbers of Chinese, not only in tourism centers like Venice and Verona, but also in commercial and industrial areas. Italian shop holders we spoke with told us how the Chinese government and individual entrepreneurs were buying up businesses and properties at an alarming rate, penetrating the Italian economy at all levels. One gift shop proprietor in Venice described how even tourist items were increasingly being manufactured in China, a development which he described as “selling cheap junk.” He reached beneath his counter and produced a perfume bottle which looked like a local product but instead of being made in Murano it bore a tiny stamp “Made in China.”

A little less than a year ago Italy became the first G-7 country in Europe to sign a memorandum of understanding formalizing its membership in the Chinese Belt and Road project, part of the Silk Road scheme to create a vast linked commercial network across Asia and into Europe. Two of the main hubs being developed for the project are Genoa and Trieste. The Italian government, confronted with a struggling economy, based the move on “commercial reasons” and “economic advantages,” to include the investment being offered by Beijing, but Rome paid a price for the move with intense criticism coming from both Washington and Brussels. The Atlanticist crowd, which normally applauded a form of globalism and free trade, inevitably insisted that not only were the Chinese seeking to “destabilize” Europe, Beijing was also attempting to divide Europe politically and militarily from the United States.

One of the more interesting, and perhaps coincidental, aspects of the Chinese entry into Italy has been the particular connection between China and the northern Italian fashion houses, centered on Milan, that have shifted their production to Wuhan to take advantage of the cheap labor in China’s own textile industry, largely centered on the city. By all accounts, Chinese investors bought up factories in Northern Italy starting in the early 1990s. By 2016 many major brands had been completely acquired, to include Pinco Pallino, Miss Sixty, Sergio Tacchini, Roberta di Camerino and Mariella Burani while major shares of Salvatore Ferragamo and Caruso were also obtained.

The Chinese owners and investors replaced ageing machinery and brought in, often illegally, tens of thousands of skilled Chinese seamstresses as a labor force. By the end of last year when the virus first struck China, direct flights from Wuhan to Lombardy served the roughly 300,000 Chinese residents of Italy who mostly work in Chinese-owned factories producing Chinese inspired Made in Italy designs. It is widely believed, though not confirmed by the Rome government, that the first infections by coronavirus in Italy, attributed to visiting “tourists,” actually may have taken place in crowded dormitories where Chinese shift workers from Wuhan dined and slept.

In less than a year, however, Italians have come to realize that a tight economic embrace with Beijing also has a downside. Italy’s trade gap with China has gone up, not down and much promised investment in new enterprises has failed to materialize. But even as the dust cleared, the results derived from opening the door to China were not pretty. By 2016, Chinese acquisitions had exceeded 52 billion EUROS, giving them ownership of more than 300 companies representing 27% of major Italian corporations.

The Bank of China now owns five major banks in Italy as well as the major telecommunication corporation (Telecom) and the two top energy utilities (ENI and ENEL). China also has controlling interest in Fiat-Chrysler and Pirelli.

More recently, Italian government views on China’s human rights record in Hong Kong have hardened and the country’s legislature has rejected overtures by the Chinese telecommunications conglomerate Huawei to have a major role in developing the country’s new 5G technology. One might observe, however, that the barn door is being closed after the horse has already escaped.

To limit the damage, the Chinese have sweetened their economic expansion into Western Europe by carefully integrating trade with humanitarian initiatives to make the transformation palatable to the local populations. The Health Silk Road initiative is a major exercise of soft power which has, in the current crisis, provided various forms of emergency medical assistance to a number of European nations. In doing so, it has done more than the European Union or the United States. Italy currently has three Chinese medical teams assisting its doctors in and around Milan and has benefited from airlifted medical supplies to include millions of masks and testing kits.

China is not doing what it does for altruistic reasons. It sees itself as the major economic driver of a new globalism, displacing an increasingly foundering and incapable United States, which has dominated world finance and commerce since the Second World War. For China COVID-19 is seen as an opportunity to reconfigure the playing field in its favor.

The experience of Italy, which may have become an epicenter for the virus due to its close commercial and personal ties to China, is illustrative of how globalism and free trade being promoted by a number of engaged groups in many countries can be exploited to create a new reality. Beijing is shaping that reality while the U.S. and E.U. stand on the sideline and watch.

Trump Regime Escalates War on China by Other Means

By Stephen Lendman

Global Research, April 10, 2020

China is aggressively targeted by Washington because of its growing political, economic and military power on the world stage.

Pompeo falsely accused its ruling authorities of “repression…unfair competition…predatory economic practices, (and) a more aggressive military posture (sic).”

All of the above explain how the US operates, its agenda defined by its war on humanity at home and abroad — COVID-19 used as a pretext to pursue it.

Enactment of the US Secure and Trusted Communications Act last month was the latest anti-China shoe to drop.

It requires the Federal Communications Commission (FCC) to establish a $1 billion fund to help small telecom firms remove existing Chinese equipment the Trump regime and Congress consider a threat to US security — despite none posed, no evidence suggesting it.

The measure prohibits using US subsidies to buy network communications equipment from Huawei and other Chinese tech companies.

A Justice Department statement said various “Executive Branch agencies unanimously recommended that the Federal Communications Commission (FCC) revoke and terminate China Telecom’s authorizations to provide international telecommunications services to and from the United States,” falsely adding:

The company’s operations in the US potentially lets the firm “engage in malicious cyber activity enabling economic espionage and disruption and misrouting of US communications.”

A joint disinformation statement by House Energy and Commerce Committee co-sponsors said the following:

“Securing our networks from malicious foreign interference is critical to America’s wireless future, especially as some communications providers rely on equipment from companies like Huawei that pose an immense threat to America’s national and economic security (sic).”

The measure has nothing to do with “ensuring the integrity of America’s telecommunications systems.”

It’s all about China bashing, the latest step to weaken the country economically and technologically.

It aims to ban use of products by Chinese tech giants Huawei, ZTE, and other high-tech firms from the US on the phony pretext of national security concerns.US-China Economic Warfare: Chinese Enterprises Blacklisted by the US

Last year, the US Commerce Department’s so-called “entity list” effectively banned Huawei and scores of other Chinese tech companies from the US market and supply chain.

They include enterprises  involved in producing aviation related products, semiconductors, engineering, as well as other high-tech products and components.

Falsely claiming these enterprises act “contrary to the national security or foreign policy interests of the United States” is cover for wanting corporate America to have a leg up on Chinese competition — especially related to the rollout of 5G technology, Huawei leading the race globally.

At stake are trillions of dollars of economic value, why Huawei and other Chinese tech firms are targeted by Washington.

Blacklisted companies are prohibited from purchasing US technology without Washington’s permission, Huawei and its 70 affiliate companies notably targeted.

According to Competitive Carriers Association director Steven Barry, the new law “essentially attempt(s) to rebuild the airplane in mid-flight” by requiring US users of Chinese telecom equipment to remove and replace it while attempting to maintain uninterrupted operations.

On Monday, the US  Semiconductor Industry Association, National Foreign Trade Council, and seven other US industry groups wrote Trump regime Commerce Secretary Wilbur Ross, saying:

Proposed US changes “result in significant impacts to the semiconductor industry, its global supply chain, and the broader technology sector,” adding:

“Semiconductors drive the functionality in advanced medical equipment used by health professionals to treat the public” and enable telework.

SEMI president Ajit Manocha wrote Trump, saying proposed anti-China changes will disrupt over $20 billion in US industry business annually, adding:

New rules will “serve as a disincentive for further investments and innovation in the US and lead to the design-out of US technology and components.”

They’ll also disrupt supply chains that are “critical to fighting” COVID-19.

New rules aren’t finalized. Industry pushback may not be enough to halt the Trump regime from fully enforcing them along with more of the same to come.

A Final Comment

COVID-19 is a global issue, falsely called the “Wuhan virus” by Trump and other regime officials. Most likely it originated in the US, not China.

On April 7, UK-based Nature magazine apologized for associating COVID-19 with China, saying:

“That we did so was an error on our part, for which we take responsibility and apologize,” adding:

“(W)hen (a viral) outbreak happens, everyone is at risk, regardless of who they are or where they are from.”

“(A)ssociat(ing) a virus and the disease it causes with a specific place is irresponsible and needs to stop.”

Since early COVID-19 outbreaks, “people of Asian descent around the world have been subjected to racist attacks, with untold human costs” — Chinese nationals mostly affected.

“(W)e must all do everything we can to avoid and reduce stigma; not associate COVID-19 with particular groups of people or places; and emphasize that viruses do not discriminate — we are all at risk.”

“Coronavirus stigma must stop — now.”

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Award-winning author Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net. He is a Research Associate of the Centre for Research on Globalization (CRG)

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/LendmanIII.html

Visit his blog site at sjlendman.blogspot.com.The original source of this article is Global ResearchCopyright © Stephen Lendman, Global Research, 2020

International Finance’s Anti-China Crusade

Source

ERIC STRIKER • APRIL 6, 2020


There is a strong anti-China current being promoted in right-wing circles and some neo-liberal ones in light of the coronavirus epidemic.

These forces are seeking to redirect real criticisms of globalization – deindustrialization, stolen intellectual property, and trade deficits – and utilize them for support for regime change operations and possibly even war against China for the financial self-interest of a few American oligarchs. It’s similar to how anti-immigration sentiment was swerved into concerns about Islam’s illiberalism in hopes of advancing Israeli interests in Europe and promoting neo-conservative wars in America.

While the Trump government’s tariffs are a welcome policy in the national interest, it also refuses to fix any of the domestic problems that allow for China to always win due to the plutocratic stranglehold American capitalists have on the US government.

The US elite is divided on China. On the one hand, there is a steadily weakening wing that seeks to continue America’s relationship with the Asian superpower in hopes of keeping a foot in the door and gradually liberalizing it.

On the other side of the debate, there are figures like George Soros, Peter Thiel, and disgraced and exiled billionaire criminal Guo Wengui who see the Chinese pseudo-National Socialist system as antifragile in the face of the passive liberal subversion that helped take down the Soviet Union.

Neither Soros, Thiel, Trump or Wengui are interested in combating globalization, but only in destroying what they perceive to be a barrier to it. For Soros, he shrouds his personal financial interest thwarted by the Chinese state in the language of “human rights” familiar to the liberal-left. Thiel has tapped a number of “alt” right-wing personalities and phony populists to try and construct a civilizational and even implicitly racial clash narrative to support his business interests in India and America. Wengui’s weapon has been Steve Bannon, who has been making his appeal to whoever will have him as a neo-con jingo, reviving silly language about “liberating” the Chinese people even though we Americans have no freedom ourselves.

Anti-China? Yes. Pro-America? No.

It’s easy to mistake the discourse of China hawks for sincere patriotism. While Donald Trump ran on a platform of bringing American industry home, the Trump administration’s actual policies in recent years have not achieved this.

The Chinese government’s international message, that its nationalistic command economy provides for superior development in comparison to liberal-capitalism, appears self-evidently true. This is a problem for American plutocracy, which tells its own citizens and those of other nations that in fact free trade and liberalization are the path to prosperity.

Rather than copying what works for the Chinese economic model (nationalizing industry, strong regulations against foreign influence, etc), American capital and the Trump administration have worked to win over Indian Prime Minister Narendra Modi, who is an advocate for mass privatization, weakening the state, and deregulation, a strategy the phony nationalist refers to as “minimum government, maximum governance.”

In Asia, economic prosperity and stable growth is more compelling than military power, and America’s elites have begun making overtures towards India in hopes of creating a counter-weight to China.

Last year, the US-India Strategic and Partnership Forum announced that 200 American manufacturers were interested in moving their supply chains from China to Indianot America. The big barrier appears to be India’s low quality infrastructure and the lack of an existing free trade agreement with the US.

According to reports in Hindu press from two months ago, the Trump administration has gone into talks with the Modi government to develop a new free trade agreement that will produce $500 billion in trade between the US and India. When all these pieces are put together, the end-result will be that the US’ economically disastrous trade deficit with China will simply be shifted to benefit India.

India’s Modi is eager to turn India into a full-blown satellite of the United States. The mass privatization of the country after the fall of the Soviet Union has not significantly bettered the average Indians life and his nation is unstable and dysfunctional. The Belt and Road Initiative threatens to spread the Chinese Corporatist development model all around nations Indian oligarchs see as being rivals or subjects: Pakistan, Myanmar, Bangladesh, Nepal, etc.

The Belt and Road Initiative is also an existential threat to international Jewish finance. Nations across Asia, Africa, Russia and Europe have signed on or expressed interest in the BRI due to its exclusive focus on real assets and Keynesian infrastructuve-led growth, as opposed to neo-liberal models that impose the primacy of financial “assets” and selling off your country to international corporations.

India has refused to join the BRI, but the nations around it are all on board. If successful, the Belt and Road Initiative will create a counter-weight to Manhattan high-finance, and thus a potential economic partner for nations uncomfortable with the cosmopolitan, hedonistic Jewish values Washington demands its subjects take up in the name of “democracy.”

Donald Trump is trying to curtail the potential liberation of these nation’s from Wall Streets cultural and economic influence by creating the Blue Dot Network, or U.S. Free and Open Indo-Pacific Strategy (FOIP), which so far only has Australia, Japan, India and America as signatories.

Safe to say, this pact will require more foreign aid and trade deficits, and nothing that will financially benefit the people of America. A national industrial policy that looks to overturn neo-liberal reforms that have turned our economy into an overfinancialized basket case is the medicine we need. Instead, we are being drafted to fight a war to save an increasingly dysfunctional and discredited economic model that benefits only a few.

George Soros: The Open Society Against China

The international Jew George Soros has made much of his fortune collapsing the Bank of England and causing the Asian financial crisis. Most Western countries fear him due to his economic power, which he uses passively through speculative attacks or directly when he finances private coups against governments that defy him, known as “color revolutions.”

China, one of the only states in the world strong enough to put billionaire criminals to death, directly threatened George Soros with harsh legal repercussions when he saw the Chinese economy was flagging and began attacking the renminbi and Hong Kong dollar. According to the South China Morning Post, he was “sent packing.”Previous inroads were attempted by Soros’ Open Society Foundation, which helped organize the 1989 Tiananmen Square protests, but was heavily infiltrated by Chinese agents and driven out of the country in its aftermath.

For Soros, the Open Society (inspired by writings by the Jewish globalist Karl Popper) is an important tool for international finance to deploy in order to control nations around the world. Soros’ global octopus of “foundations” promote racial incoherence, cosmopolitanism, immigration, homosexuality, feminism and other values that undermine social order and weaken national sovereignty or ethnic majorities so that they become vulnerable to his aggressive financial moves. Any collective identity, to Soros, is a threat to the liberal-Jewish outlook, and thus its hegemony.

Ever since China knocked Soros back, he has been active in trying to undermine its interests all over the world.

At the 2019 Davos conference, Soros pegged China as the “most dangerous opponent to the open society.”

Last February, Soros wrote an op-ed demanding European governments boycott a summit scheduled for this September with Chinese leader Xi Jinping. In it, the notorious Trump-hater praised the administration’s aggressive posture towards China, and warned European nations that China’s anti-liberal values were a threat to the European Unions “open society” ideology. Nations Soros has targeted, like Poland, have shown interest in the Belt and Road Initiative, and the United Kingdom has expressed its intentions to deepen ties with China to make up for the potential loss in export markets in Europe after Brexit.

Steve Bannon and Soros are unlikely allies, but they supported the astroturfed Hong Kong protests as average Americans yawned. China has also made “global cooperation” in sanctioning and destroying Russia, Iran or other perceived enemies of liberalism impossible. Maximum pressure sanctions intended to starve the Iranian people into submission have been thwarted by Chinese investment and aid. In Venezuela, when the CIA sabotaged the country’s power grids in an attempted overthrow of Nicolas Maduro, the Chinese immediately offered to fix it.

China and Russia’s non-compliance with directives from Washington and New York have by and large brought an end to “regime-change” as default foreign policy – setting back Soros’ dream of a raceless, borderless new world order significantly. The Chinese-Russian alliance has largely neutralized America’s military dominance in the Asia-Pacific, and new blocs of different levels of resistance have become emboldened (Wisegrad Group, anti-Zionist blocs in the Middle East, etc).

This is an opportunity to charter a new foreign policy path where we capitalize on our safe geostrategic position and mind our own business or focus on developing our own country, but Washington and the Jewish goons like Soros simply cannot accept it.

Steve Bannon: “Populist” For Hire

Another figure engaging in hamfisted agitation against China is Steve Bannon, a once-interesting civic nationalist who was dismissed from the White House by Trump and Jared Kushner and now appears to be a full time special interest lobbyist.

Bannon’s anti-China crusade is financed by exiled Chinese white collar criminal Guo Wengui, who in 2014 fled to America after he was discovered to be engaging with bribery and fraud, as well as rape and kidnapping. Wengui fell afoul of the Chinese Communist Party after Xi Jinping began an anti-corruption campaign in 2012.

Initially, Donald Trump announced he would deport the billionaire fugitive back to China, but changed his mind last minute. Now Wengui has been busy using his wealth to try and mobilize professional conservatives in Washington to create popular and political interest in the overthrow of the Chinese government.

Recently, Bannon has attempted to make overtures to the anti-woke left, which is hungry for alternatives to left-liberalism. On the Red Scare podcast, Bannon blew his chance at bridging right-wing and left-wing populists by focusing almost exclusively on promoting neo-conservative talking points about “freeing the Chinese people” and spreading unfounded conspiracy theories like the idea that the coronavirus is a genetically engineered Chinese bioweapon. The latter theory was invented by a Wengui funded propaganda outfit, G News.

When asked about healthcare, Bannon refused to support a national health system for all, even though most GOP voters like the idea. After Bannon called ethno-nationalists and white nationalists “clowns,” one of the hosts of the podcast asked why he supports Israel, to which he responded with desperate and logic-free Jewish bootlicking.

When Bannon attempted to pivot back to how oppressed Chinese people are, another host questioned why Americans oppressed just as harshly by our own plutocracy should give a shit, leaving with nothing but platitudes about a liberal utopia that doesn’t exist.

Some of Bannon’s rhetoric about China’s impact on America’s economy is true. But Bannon’s ties suggest he may be merely advancing the shift from dependence on China to dependence on Indian supply-chains, which is even more absurd as India’s infrastructure is awful.

Evidence suggesting this is Bannon’s role as the co-chair of the “Republican-Hindu Coalition,” an advocacy group close to the Modi government.

Naturally, Bannon’s Hindu coalition supports Trump’s call for a “merit-based” immigration system that would be the H1-B program on steroids and would grant current H1-B holders citizenship. This program would be seen as a massive betrayal by Trump’s base and impoverish America’s tech workers as unemployment explodes, so it is unlikely to be put into effect until after the 2020 election.

This is shaping up into a cynical strategy to replace China with India as the new trade deficit recipient, rather than bringing our industries home where they belong. Both Trump and Bannon are desperate to use bait-and-switch tactics to redirect anger at the failures of globalization into simplistic and impotent anti-Chinese chauvinism in order to advance the business interests and lobbies that support them, but don’t put America first.

Peter Thiel: The Alt-Billionaire Who Has Been Locked Out of China

Peter Thiel is by far the most influential in trying to mobilize dissidents and conscript them into the China crusade.

He is close to figures like the Zionist Yoram Hazony, Mencius Moldbug, Eric Weinstein (who manages Thiel’s investment firm, Thiel Capital), Bannon, China hawk and fake populist Josh Hawley (who received $500,000 from Thiel) and Donald Trump himself.

At the Israeli Hazony’s 2019 “National Conservatism” gathering, where a liberal form of phony nationalism was presented as an alternative to ethno-nationalism (in white countries, not Israel), Thiel gave a speech attacking Silicon Valley for its work with the Chinese government. Thiel is correct in this specific instance, but why is Google privately owned instead of state-owned like Huawei is? His only solution is to investigate the company for Chinese spies.

Thiel, who now fashions himself as an “American Nationalist” and is known to have had contact with a few “alt-right” figures currently trying to advance anti-China talking points, has shady ties with foreign governments that gratuitously spy on the United States. His patriotism comes into question when one looks at his investment in Carbyne, an Israeli spying firm believed to be controlled by the IDF’s Unit 8200. Thiel,along with Jeffrey Epstein and Erik Prince, were all involved in the shady project.

“Former” officials from Unit 8200 are strongly represented among CEOs of Silicon Valley companies. The Israeli’s insolent and aggressive spying on the United States was seen recently in a quickly memory holed story, where in 2019 devices were planted by Israeli intelligence to spy on the private phone conversations of Donald Trump and other prominent people in Washington. Shockingly, the US refused to respond or address the scandal.

Thiel’s specific animosity towards China is both ideological and a question of financial self-interest. While in the past he has carefully praised China, he has also made predictions that have not come true.

As the Soviet Union teetered on collapse, Milton Friedman asserted that China must fully liberalize or fall besides the Russians. While the Chinese did promote policies to encourage private initiative in some spheres, it ultimately doubled down on its planned economy when it came to the big picture. When Trump complains that it is “unfair” for the Chinese state to control the value of its currency, the Chinese ignore him, as they know that for now the US government is not strong enough to do what it takes to rein in the selfish American capitalists China plays.

The rise of artificial intelligence has created the potential to plug the holes of traditional centrally planned economies, something libertarians like Thiel are not fond of (note that his complaint about Google and China was over an AI program they were working on). It isn’t only workers who can be replaced by automation and AI, but private economic planners, aka capitalists.

Thiel’s predictions in Zero to One about China, like resource prices making them incapable of reaching Western standards of living, have not come true. The median monthly wage of Chinese workers in its major cities is currently on par with European countries like Croatia, and unlike the stagnating West, they seemed to have the wind in their sails until the pandemic hit.

Thiel has complained on multiple occasions about the many barriers the Chinese government puts in the way of foreign investors, which is common sense for any country interested in defending its sovereignty. This has made Thiel’s chess-inspired, counter-intuitive investment strategies difficult, and it is making him upset that the Chinese government is not allowing outside capitalist interests to fully partake in its growing prosperity.

It seems to have recently dawned on libertarians and neo-liberals, that after decades of denial, China remains a nationalist and socialist country and has only been using the prospect of accessing its massive market to cock-tease Western capital into providing the initial push it needed to rise. The worldviews of shot-callers like Soros and Thiel are going to be challenged if ascendent China surpasses declining America in quality of life.

On the economic front, like Bannon, Thiel appears to have an interest in pushing America closer to India. The ridiculous “Howdy Modi” spectacle, where Trump and Modi met, was sponsored by both Walmart -eager to enter the Indian market – and OYO Homes & Hotels – an Indian start-up Thiel personally funds and supports.

On the 5G front, the Trump government appeared to be doubling down on a “free market” alternative to Huawei, but this has been fruitless. Thiel’s company, Rivada, is looking to try and enrich itself with an idea to fight the potential for “Chinese espionage” via a Department of Defense selloff that would give it “open access” to its airwaves, but historically privatization schemes like this have consistently failed.

Trump appears to contradict himself and his spokesmen. Trump is now planning to campaign on nationalizing 5G, which is the true patriotic option.

All in all, it is important to make a distinction between an accurate diagnosis of the symptoms arising from our relationship with China, and the actual problem. Moving factories from China to Vietnam, India or Taiwan will leave the American people just as poor and jobless. Wasting energy following conservatives in their idiotic crusade to change how Chinese people live in China will provide no benefit to the white worker. American liberalism is collapsing because it is an unnatural and dysfunctional system.

The real conversation should be focused on the legitimacy of money power that rules us, and whether it benefits us. The answer is that it doesn’t, which is why they would like your eyes on China, rather than them.(Republished from National Justice by permission of author or representative)

FALL OF ONEWEB: GLOBAL CONSPIRACY OR SOARING AMBITIONS

South Front

Fall Of OneWeb: Global Conspiracy Or Soaring Ambitions
IMAGE: Soyuz ascends from the Spaceport in French Guiana in February, 2019, carrying the first six satellites for OneWeb.

In late March, OneWeb, one of the leading companies attempting to build a satellite mega-constellation, filed for bankruptcy and declared that it now intends to sell its business. This move put an end to the company’s plan to offer high-speed satellite Internet service around the world.

leaving uncertainty about the 74 satellites it has in orbit and its plans to provide high-speed internet from space.

Commenting on the decision, OneWeb said on March 27 that it “voluntarily filed for relief under Chapter 11 of the [US] Bankruptcy Code,” and “intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.”

While the company was close to obtaining financing, the process did not progress because of the financial impact and market turbulence related to the spread of COVID-19,” the official realease says adding that the company was “forced to reduce our workforce.”

The company did not reveal how many people may have been laid off. However, reports say that OneWeb axed most of its staff.

OneWeb has a license from the Federal Communications Commission to launch an initial constellation of 648 low-flying satellites, to provide high-speed internet around the world to homes, boats, and planes located above the 60th parallel north latitude. 74 satellites are already in orbit. Initial services were scheduled to start in 2021.

Just in March, OneWeb successfully launched 34 satellites on a Russian Soyuz rocket from Kazakhstan. The announced plans included providing “fiber-like internet” coverage to the Arctic sometime in 2020.

The bankruptcy filing became a result of the company’s failed attempt to secure new funding from investors including its biggest backer, SoftBank. OneWeb had previously raised $3 billion over multiple rounds of financing. However, it was still in need of more money to fund its deployment and commercial launch next year.

According to SpaceNews, OneWeb has $2.1 billion in total liabilities, including $1.7 billion in senior secured financing plus money owed to between 1,000 and 5,000 creditors. OneWeb also operates the satellite-production factory in Florida – a joint venture with Airbus.

While media reports as well as the company itself call the turbulence on the market and the COVID-19 outbreak among the key reasons of the bankruptcy, in fact the situation looks pretty strange. According to reports, OneWeb failed to secure $3.2bn in additional funding. Taking into the account the technological potential, the existing network of satellites and the already received $3bn of funding, the amount of $3.2bn is a small amount for such a project. In comparison, Elon Musk’s glamorous SpaceX is spending comparable amounts, at the same time being fully integrated into the system of the US national security. So, the real amount of the government assistance (including technologies and specialists) is much higher than SpaceX delcares publicly.

HINT: To provide a broader look at the current satellite technologies available for commercial companies it’s interesting to mention ICEYE’s in-orbit demonstration of synthetic-aperture radar (SAR) videos, acquired with ICEYE SAR satellites. The company claims that they allow to detect and analyse movement in a new way, giving insights into what is happening on the ground during a single SAR satellite pass over the location.

It’s interesting to note that OneWeb’s concept was among the key competitors to the G5 network projects developed around the world. China’s Huawei and large Western 5G provided saw its possible success as a direct threat to their interests. Therefore, it’s possible that using the ‘COVID-19 turbulence’, they exploited their levers of pressure to limit the further funding to OneWeb. Another factor is that such free and widespread cheap Internet, that cannnot be controlled by common measures of the censorship, goes contrary to the interests of the global elites that strongly rely on their ability to control communication and information flows.

One more explanation often cited by media is OneWeb’s alleged inability to deliver the claimed technology in time and within the framework of the claimed budget. Meanwhile, there are no doubts that the modern scientific though allows to build a satellite network, which OneWeb has proposed. Therefore, if this version is true, the issue should be in some engineering solutions. If such solutions were not developed, it would need much more funding to invent and test them than it requested. Furthermore, OneWeb already launched dozens satellites in orbit and was nearing the official launch. In these conditions, it becomes likely that OneWeb became a victim of its inability to incorporate itself in the existing global technological order; something what more mainstream and affiliated with governments’ companies like SpaceX and Huawei successfully do.

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