The G7 in Hiroshima: the Latest Attempt to Impose a Unipolar World

The last G7 summit that took place from 19^th to 21^st May 2023 in Hiroshima deserves attention because it exposes the latest Western attempt to impose its unipolar world view. But first a bit of background on the G7.

The G7 is the group of seven nations that in the 70s comprised "capitalist world's major industrialized countries." But because of the enrichment of a large part of the world's population and the economic stagnation of many Western nations, the situation has changed dramatically. The world GDP share of the G7 (USA, Japan, France, Germany, Italy, Canada and the United Kingdom) has gone from 70% to only 27%, contributing just 15% of overall growth in 2012-2021. Moreover, they now account for only 10% of the world's population.

By comparison, the five "BRICS" nations (Brazil, Russia, India, China and South Africa) now contribute almos 31.5% of world GDP and account for a significant share of global growth, as well as 42% of world population.

Moreover, these differences between the G7 and the BRICS will only become starker. Most G7 members are teetering on the brink of economic recession, self-inflicted by years of irresponsible monetary policy due of price inflation (artificially low interest rates and a voluntary increase of energy prices).

The G7 nations therefore no longer convene, in reality, as major industrial powers, but rather as ideological and geostrategic allies. This becomes obvious in view of the agenda of the Hiroshima summit, aimed at giving the rest of the world the Western position to adopt on virtually every subject from security to climate change.

The G7 against Russia

With regard to the Ukrainian conflict, the G7 was an opportunity for President Biden to announce the training of Ukrainian pilots to fly F-16s, although this training has probably already started. This announcement is not only an exercise in political communication to confirm continued US support, but it is also a worrying Western escalation of the conflict, which increasingly resembles a NATO proxy war against Russia.

It is not the future likely delivery of F-16s itself that is worrying, because a few dozen such old fighter jets will have no impact on the conflict, as has been confirmed by both the Pentagon and the Kremlin. What is concerning about this decision is the determination of the G7 leaders to continue to support this conflict, rejecting negotiations. This attitude reflects a long-standing geopolitical goal as well as an ideological obsession, to weaken Russia, as Defense Secretary Lloyd Austin put it. The costs of this senseless policy are being borne by the Ukrainian people by their loss of life and the destruction of their country, as well as by all Westerners in the form of long-term decline.

Given the turn of the war in Ukraine, with the Ukrainian army in ever more dire straits, as its recent defeat in the city of Bakhmut confirms, Western leaders are trying to pressure China, insistently but vainly, to use its influence with Moscow to prevent the conflict from ending in debacle for them.

The G7 versus China

In Hiroshima, the G7 also made what the Financial Times called “the strongest condemnation of China to date”. Indeed, although couched in a relatively diplomatic language, articles 51 and 52 of the G7 Hiroshima Leaders' Communiqué criticized China's position in virtually every area: law, military, political, diplomatic and economic.

On this last point, the G7 found unacceptable "China’s non-market policies and practices, which distort the global economy". That phrase must have particularly annoyed Beijing since such policies and practices from the US and the EU are plentiful and well known, as the Chinese Foreign Ministry was careful to point out. This is certainly a case of the pot calling the kettle black, as when the G7 criticizes China's “economic coercion”, when this is precisely the modus operandi of these nations, such as the massive Western sanctions now distorting a large part of the world economy, to the detriment of all its citizens.

One of the objectives of the G7 summit was precisely to adopt a "united" criticism of China, in order to serve America's disproportionate geostrategic interests. It's clear that Washington wants to cling on a little further to the dream of world hegemony, by making the whole world adhere to its "international rules-based order"; rules not surprisingly kept vague and undefined.

Of course, the Chinese reaction to this strong criticism was firmer than usual. "Despite China's serious concerns, the G7 used issues concerning China to smear and attack China and brazenly interfere in China's internal affairs. China strongly deplores and firmly opposes this and has made serious démarches to the summit's host Japan and other parties concerned," the Chinese Foreign Ministry spokesperson said. 

The G7 Against Freedom

Indeed, these strong G7 "recommendations" will remain wishful thinking. This G7 summit confirmed the extent to which Western leaders have abandoned the principles of freedom and rule of law that led to their G7 status of "advanced economic powers" in the first place. Before painfully continuing negotiations towards more free trade, the principle of non-intervention in the affairs of other nations, regardless of their political and institutional systems, must be respected, as per the U.N. Charter.

In other words, there is a crucial difference between two opposing concepts. On the one hand, there is political globalization, which is another name for global fascism in a unipolar world; based on governance by institutions controlled by the Western elites. On the other hand, there is economic globalization, which is nothing more than international free trade.

The BRICS nations, led ideologically by Russia and China, are attractive to the rest of the world because they want to implement multipolar economic globalization and abandon the political globalization pushed for by the G7. Indeed, it is ironic that it is not the G7 but China that states that “economic globalization is the realistic precondition for world peace." Ludwig von Mises could not have said it better.

The ideological divide between the West and the rest of the world becomes clear here. But there are signs that some in the West are finally starting to see the light, when Martin Wolf of the Financial Times writes following the G7: “both the “unipolar” moment of the US and the economic dominance of the G7 are history”. And with regard to the BRICS, he rightly explained that "what brings its members together is the desire not to be dependent on the whims of the US and its close allies, who have dominated the world for the past two centuries."

When even this associated editor and chief economics commentator of the Financial Times, the newspaper of the Anglo-Saxon globalist financial elites, starts sending out such signals, it likely means that an adaptation to the new emerging reality is now understood as necessary, if only to protect Western capital.

As was already proposed on the Mises Institute, libertarians should support the multipolar world against the unipolar world. Yet, rejecting U.S. economic and legal imperialism does not, of course, signify supporting the Chinese political system. On the contrary, libertarians see that illiberal practices already in existence in China have been, or are about to be, implemented in the West, such as mandatory confinements, intelligence agencies control of social media, the introduction of a universal digital pass, and the use of facial recognition technologies by the authorities.

If there is one lesson from the G7 summit in Hiroshima it is the following: as long as the G7 nations continue to want to impose their nefarious agenda of political globalism, the isolation of these nations and the antagonism of the rest of the world towards them will increase.