Category: Latin America

China does not have allies, but has friends with partnership diplomacy

Tina Marie (Ms. Cat)

By Xue Li – Global Times – 2020/11/8

The Wall Street Journal published an article earlier this month entitled “China’s Risky Bet on a Lonely Return to Greatness,” suggesting China has no friends. China does not have allies indeed, but it doesn’t lack of friends. This is not only because of China’s historical tradition and the current international environment, but also because of China’s own choices.

China does not have allies, but has friends with partnership diplomacy

The Semantics of “Socialism” in a Changing World

Tina Marie (Ms. Cat)

The Semantics of “Socialism” in a Changing World

Around the world, the terms “Socialism” and “Communism” suddenly took on new meanings, once again. Socialism referred to patriotic, anti-Soviet political organizations that sought to get elected, and gradually transition toward a more egalitarian society, one step at a time. Communism referred to the parties aligned with the Soviet Union that adopted Marxism-Leninism as their ideology and ultimately sought to seize power in a revolutionary situation. However, the Communist Parties were also always critical of “ultra-leftism” and calls for violence, and the Soviet Union urged them to not be parties of extremism, isolated from the masses of people.

The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%

Tina Marie (Ms. Cat)

The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%. The 1% are all millionaires in net wealth (after debt) and there are 52m of them. Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth – that’s a miniscule number of people (less than 0.1%) owning 25% of the world’s wealth!

The top 1% of households own 43% of global wealth, 10% owns 81%, while the bottom 50% have just 1%