The Third World War is bound to break the Geneva Conventions big time
The growing divide between the East and West as well as growing nationalism, which is shattering the West on top of that, is shocking and truth be told: The world has already entered the Third World War.
The only difference this time is that we don’t see soldiers in the field as this war is an economic and cyber war and in some ways a lot more guerilla-like.
And almost unnoticed all involved countries are currently breaking international law, especially the important Geneva Conventions which forbid to take civil prisoners. Yet the latter is happening constantly by holding multinational corporations and their leaders hostile based on national interests.
- The increasing tensions between the US and China where companies are held hostile on both sides; just look at China’s new IPO regime and the American blacklist of companies active in Xinjiang [both laws are meant to work across borders]
- The German Lieferkettengesetz [German Supply Chain Law] and planned European Supply Chain Law which directly conflict with local requirements and laws in other countries and hence present a catch-22 and in fact are nothing but [if they really cared about human rights they would stand with Ukraine and cut Russia of from Swift and start trading fairly with Africa among others]
- The detention of Meng Wangzhu in Canada
- All those tariffs and trade bans which create nothing but damage as society usually thrives on free trade and the exchange of goods and services
- The EU’s Green Deal potentially triggering new trade wars [on the back of private companies again]
- Germany trying to regulate abroad companies like Dubai-based Telegram. Hence they try to apply German laws abroad without a proper international legal basis to do so!
- All these forced Joint Ventures and other such unfair restrictions in some countries
- Europe’s desperate attempts to break successful American IT giants and startups with the help of often totally made-up antitrust, consumer and data protection claims, while their very own politics are holding European founders back and their complacency made them miss the train. The latter becomes just so much more obvious when you note how these American/Chinese companies — Amazon, Wish, Tesla, Google, Zoom, TikTok, Robinhood, Alibaba, Box, Airbnb, etc. — all faced huge challenges and powerful competitors when they were small and yet they made it.
- The EU starting a probe into NVidia's acquisition of ARM Holdings, so a US company buying a UK-based business (UK is no longer part of the EU), which means that the EU takes legal action in a case which is none of their business anymore
- The global minimum tax debate [the taxes of other countries are none of your business] which is set to violate sovereignty rules of more efficiently led countries who despite their low or inexistent taxes are truly world leading in almost any regard.
- Banks being under increasing pressure over international investments and transactions [e.g. HSBCs looming break-up over the HK-UK dispute]
- US currency manipulation allegations which are often not in line with unbiased BIS and IMF analyses
- The Ukraine and other territorial conflicts which are now lead with economic sanctions
- Chinas new anti sanction law which allows the punishment of companies who abide bylaws which China doesn’t like even if its outside their territory
- Russian bots and hackers attacking Western infrastructure [and yes they are more often than not attacking private companies like SolarWinds]
- More and more unions falling apart [first Brexit, then Switzerland denying to renew EU contracts and then Hungary/Poland breaking away from the rest of the EU]
- European imperialism which has absolutely no grounding in international law and which is holding companies hostile for following the rules in other countries when they do business there
- Germany disregarding European law repeatedly and prosecuting companies who try to do business in Germany based on European single market rules [e.g. telecoms and lottery companies]
- Excessive regulation and governmental power as well as growing legal uncertainty all around the world [governments becoming increasingly authoritarian and hegemonistic -> e.g. forcing private tech companies to help governments with espionage]
- European bigotry; just look how they are trying to impose morals on others while acting super-shady in so many areas, like African trade policies, themselves. So this is basically the definition of masked economic warfare. Also all their climate change policies have to be considered trade war tools in disguise here.
- Europe trying to establish a payment system outside SWIFT so they can break international sanctions [ha, now tell me something about morals]
- The legal issues Twitter faces in India [again a country which with no sound legal basis tries to regulate companies across their own border]
- Russia, Germany and some Gulf states increasingly using warfare tactics such as blackmailing foreign companies to set up local operations and regional headquarters in their countries
- Turkey being run into the ground by a narcist who rather accuses foreign financial companies for everything going wrong than admitting mistakes
- All those desperate and out of control monetary politics [just read what Ray Dalio and other experts are writing about this topic and the rise and fall of empires].
- And generally speaking the rise of extreme parties and political leaders [e.g. Trump, Le Pen, Lukashenko, Putin, Raisi, Baudet, Biden, and Xi] as well as growing societal divide.
And there are countless more such examples.
The end-result of this process will be an entirely broken and exhausted society as this sort of war destroys as much if not more than physical military action.
Problematic is that this type of war collides with some of the world’s toughest challenges like climate change, refugee movements, environmental and social concerns as well as expedited vaccination efforts [did you realize how some country leaders discredit WHO-approved vaccines produced by abroad companies or even consider you unvaccinated if you didn’t receive one of their vaccines]. Hence this kind of war drives prejudices and finally the divide of society itself at a time when more unity is desperately needed.
It’s a proven fact that no nation state ever solved a major problem of global concern nor drove major progress and positive change. In fact, often the opposite is true, and nation states have shown to be the root cause of most conflicts and at least made many problems worse which again lies in the system itself.
Also note how almost all progress and positive advancement came from ordinary people, private organizations and grassroot initiatives [e.g. the green movement where politicians only jumped on the bandwagon when things got moving and than made things worse with their brainless actions]. Beyond that, the politically-driven regulation of markets [or the absence of free markets] and market interventions in general have overall had more negative than positive effects and even created many of todays issues [e.g. low-interest-rate-induced-issues].
For that and because today’s key challenges are global anyway, it is right to defend globalization and seek to limit nation states to an utmost degree or even better abolish nation states right away in favor of a global, basis-oriented and direct-democratic one under the helm of the UN.
So please, take a moment and think and you’ll realize that the world would be much better off without nation states and national governments!
We are one world and should act like it.
And I can clearly confirm that point as someone who has travelled the world widely, as someone who has done business all over the world, as someone who made friends all around the world of which some even became deep intimate relationships; In short I met many amazing people wherever I went.
Sure I also met some people with whom I didn’t get along but then again it’s the same everywhere and the bad types are usually in the minority.
You meet great and not so great people, some who like you and others who don’t but that is entirely independent from where in the world you are.
The only ones who tried to and continue to divide [both on national and international levels] are actually politicians and government employees.
This needs to end asap.
Again it’s time to end the era of national states and to rebuild a global libertarian order under the helm of the UN where everyone can live life on his/her/their terms.
We are one world and this Third World War worries me - less because of its impact on my business[es], liberties and my own [mental] health but because I left pieces of my heart in so many places around the world.
So let’s start today and abolish all nation states!
#EndNationalStatesNow #GlobalCitizenship #UnitedNations #GenevaConventions #EconomicWarfare #ThirdWorldWar
PS: Given these growing national interests and economic disruptions we at Mount Wish [a risk management fintech which interestingly benefits as much as it suffers from the current situation] have decided to hedge fx, rates and commodity risks for basic food, hygiene and medical products entirely free of charge. This said we are willing to risk governmental disputes over that approach because in our eyes it is totally unacceptable that this uncertainty in the markets increases costs for these types of products in whatever country to prohibitive levels. Therefore we also look forward to working with relevant central banks and international organizations [IMF, BIS and World Bank] on this very topic.