The intersection of two important events such as the G20 summit in Indonesia and the celebration of the anniversary of the creation in Bandung of the united front of the peoples of Asia and Africa "Bandung Spirit", which called for the peaceful coexistence of states and building a more just world, makes us rethink the strategy of managing the global economy in terms of implementation principles of Bandung Spirit.
The G20 arose as a result of the financial crisis of 1997-1998, when they decided to involve key emerging economies in managing the global economy. The main format of the forum's activities was the annual meetings at the level of finance ministers and heads of central banks, and since 2008, leaders of states have been added to them. The goal of the G20 is to coordinate the policies of the member countries in order to achieve global economic stability and sustainable growth, promote financial regulation and modernize the international financial architecture, reducing the risks of future financial crises. However, despite the inclusion of key developing countries in the G20, the global crisis continues to grow, which is expressed in high growth rates of global inflation, unemployment, poverty, hunger, technological and social inequality in the countries of the global North and the global South, and in the expansion of the sphere of military conflicts.
From the beginning of the 20th century to the present, the development strategy of the world community, determined by transnational corporations (TNCs), serves to strengthen their power. For its practical implementation, a strategic plan is being developed as an algorithm of actions linked in time (by deadlines) and in space (by performers) to increase the profits of TNCs, the redistribution of generated income and assets in their favor. Such actions include the launch of general and chronic inflation in the 20th century, imposing on states the cyclical economic policy "liberalism-protectionism-war", the organization of the First and Second World Wars, international monetary systems and international economic organizations, color revolutions, the digitalization of human behavior etc. In all the post-pandemic global projects proposed by the West, such as “Inclusive Capitalism” (with fairer capitalism), “Green New Deal” (with the reduction of carbon dioxide emissions into the atmosphere) and “Industry 4.0” using artificial intelligence (AI), there is no strategic planning that ensures proportional development of the global economy in the direction of improving the quality of life. Therefore, in its absence, the cyclical economic policy of states will inevitably lead to the Third World War, unless a peaceful way out of the crisis will be found, suggesting the existence of an alternative to the current strategic planning of social development.
The global management of TNCs was opposed by the USSR. The strategic plan of the USSR, based on the need to ensure full employment and proportional development of the economy, was aimed at improving the welfare of citizens. The plan was drawn up taking into account feedback from manufacturers about their capabilities, which necessitated the use of the method of successive approximations to the preparation of the plan. Thanks to the strategic planning of the economy, the USSR defeated fascism and became one of the poles of the bipolar world after the Second World War. This experience was used by developing countries to overcome technological backwardness and social inequality. The Cold War unleashed by TNCs was aimed at destroying the advantages of the USSR – the strategic planning of the economy. Due to the bribery of a number of leaders of the USSR, a scientific approach was blocked in the country for the transition from manual control to automated control, which would have ensured an increase in the quality of life in the USSR. Reforms were launched in the country that strengthened spontaneity in governance and the development of nationalism in the republics, which led to the collapse of the USSR in 1991.
After the end of the Cold War, TNCs moved on to preparing the hot stage of the Third World War. In the course of the liberal reform of the Russian economy, the country's technological independence was destroyed and nationalists who hate the Russian world were raised in Ukraine. The 2019 pandemic brought a significant acceleration to the military outcome, as global coordination began to carry high risks associated with the rupture of intercountry and intersectoral economic ties. All these risks are not only asymmetrically distributed between the global North and the global South, but also hit ordinary people in all countries first of all, undermining the foundations of state sovereignty. Added to these risks were the "crazy" sanctions of TNCs against Russia by drawing it into a special operation in Ukraine in February 2022, which should be considered as the next stage in the preparation of TNCs to unleash the Third World War. The mass media bought by TNCs, accusing Russia of crimes in Ukraine, of reducing the real incomes of Western citizens and of the inevitability of the onset of food and energy crises, lead to the flourishing of anti-Russian fascist sentiments and to an increase in militaristic spending by Western countries in preparation for the Third World War with the subsequent establishment of totalitarian control artificial intelligence (AI) that controls people, and threatening huge losses for humanity in the interests of the global elite.
There is only one peaceful way out of the current global crisis – the use of AI in the economy (automation of economic management) based on cybernetic strategic planning, generalizing the experience of the USSR in ensuring proportional development of the economy in the direction of increasing the quality of life. As at one time the introduction of machines meant the first industrial revolution affirming capitalism, so and the introduction of AI in the economy will mean the second industrial revolution affirming socialism without the possibility of capitalist restoration.
Given the rapid increase in the military participation of NATO countries in the conflict between Russia and Ukraine, it is necessary to include a strategic planning section on the agenda of the upcoming Bandung-Belgrade-Havana conference to educate and unite the progressive forces of mankind around the demand for the introduction of alternative strategic planning for the development of the world economy in the interests of the peoples, implementing the principles of “Bandung Spirit”. It's time to the G20 countries to critically assess the current strategy of social development and formulate an order for the creation of a "cybernetic alliance in the economy" to enter the mainstream of social progress, the cultural development of the individual.
Working Group Coordinator
Ms Elena VEDUTA, Russia (Professor, Doctor, Economics, Lomonosov Moscow State University, Moscow, Russia)