While world powers seek to influence South America's policy, bitcoin stops outside power from exerting any subversive pressure.
This opinion editorial is by Vinicius Piscini , a bitcoin pleb.
External influences are responsible for the economic stagnation and deliberate decline of Latin American countries, including Brazil, Argentina and Chile. The manipulations of great power, notably the U.S.A. and China, have hampered the potential for international protagonism in fair competition.
Many players are keen to exert their influence in developing countries. The American financial system is characterized by the dominance of the dollar in international reserve and the importance of American monetary policies for other countries. This ensures that the U.S. remains unreachable in the diplomatic arena. This can make Bitcoin a problem due to its decentralized system, and more importantly because it doesn't have a controlling body (not even a founder) making it difficult for unfair competition.
Chinese Competition
We can see the influence of China's predatory lending in countries like Sri Lanka and Maldives. This is also happening in many South American nations. Another example is the creation of military bases directly, as in Paraje Quintuco, Neuquen province, Argentina. This was done under the pretext of a space station. We also see the influence of the Chinese system all across the continent through policies that were tried in China. This is evident even after the COVID-19 control measures.
The U.S. is more prominent and visible than some South American countries like Brazil and Colombia, especially in terms of economic and demographic influence. It is important to recognize that the United States is more than an economic power. This country's dominant political class has greater power to influence international laws through the UN or bilateral agreements. The Paris Agreement is a prime example, with the United States as the principal promoter.
Henry Kissinger, the Great Architect of U.S. International Influence
He is responsible not only for China's economic rise, which has been happening steadily since the 1970s, due to the financing provided by his policies but also for an American foreign strategy that seeks to downgrade developing countries in different ways. This is achieved mainly through the emphasis on population reductions and the establishment non-proliferation nuclear weapons.
As a diplomatic compromise and as a chance for capitalization, everything has been allowed to pass through the control of authorities in the majority of the developing nations. The international monetary system must be controlled in order to implement such measures. This is not only to put pressure on those who don't comply, but also to provide subsidies for those who are most committed.
The "Kissinger Report," which was secret until the 1990s, called for the limitation of population growth through wide dissemination of contraceptive methods. He called for increased advertising that encourages the desire to not procreate, and for the regulation of the prices of many inputs that are essential for sustainable economic development.
The desire to deindustrialize the southern hemisphere was always a goal of the great Anglo Saxon empires that emerged after the 18th century. This was once under the tutelage and is now with the U.S. at the center. To ensure the sustainability of the project, Kissinger and all global institutional apparatuses explicitly supported the nonproliferation nuclear weapons policy. This caused a diplomatic imbalance between the developed countries of the northern hemisphere, and those in the south hemisphere.
It is clear that once the dollar weakens, it will make it harder to enforce such destructive measures. Control of the financial system is crucial for their implementation. Because Bitcoin is a currency that cannot be counterfeited by any government or private entity, it will be vital in ensuring that these methods of unfair competition, and subversive control are not repeated outside.
Vinicius Piscini contributed this guest post. These opinions are not necessarily those of BTC Inc. and Bitcoin Magazine.
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By: Vinicius Piscini
Title: Bitcoin Limits External Influence On South America
Sourced From: bitcoinmagazine.com/culture/bitcoin-limits-influence-on-south-america
Published Date: Sun, 18 Sep 2022 07:00:00 GMT
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