The thing about international institutions are they are founded by the West and set up in a framework that's largely in their interest.
At a political level, the West still dominates global decision-making through minority control of the central banking system (Bank of International Settlements), IMF, World Bank, Security Council and other institutions of global governance. The G8 (now G7) represent less than 15% of world population, yet have over 60% of its income. 80% of the permanent members of the UN Security Council represent white Western states, 60% from Europe. The West has veto power in the World Bank, IMF and WTO and regulates global monetary policy through the Bank of International Settlements (BIS). By tradition, the head of the World Bank is always a US citizen, nominated by the US President, and the IMF is a European. Although the rest of the world now has a majority in many international institutions, it does not have the political power to reject decisions by the Western minority.
I really don't see how people in the West are outraged by this perceived bias of institutions favoring China when
1) Every member participates in a set of framework that benefits the then existing superpowers.
2) By design, China can't rival Japan + West in term of power in those institutions.
It reeks of projection and is no difference trying to sell the rest of the world Huawei / Tik Tok / Grindr etc are spying apparatus threatening national security when your products consist of Apple, Google, Facebook, Microsoft, Tinder etc
This is not just about China, eventually the other developing nations like India etc will grow economically.
I believe in democracy but I don't believe in the existing order and I often question people who are selling this facade if they were actually concerned about equality outside of their borders along with the historical context how we end up here in the first place.
The better analogy would be think of how rigged things are, favoring the 1% in a developed country. Then, realize said country is 1% of the world.
At a political level, the West still dominates global decision-making through minority control of the central banking system (Bank of International Settlements), IMF, World Bank, Security Council and other institutions of global governance. The G8 (now G7) represent less than 15% of world population, yet have over 60% of its income. 80% of the permanent members of the UN Security Council represent white Western states, 60% from Europe. The West has veto power in the World Bank, IMF and WTO and regulates global monetary policy through the Bank of International Settlements (BIS). By tradition, the head of the World Bank is always a US citizen, nominated by the US President, and the IMF is a European. Although the rest of the world now has a majority in many international institutions, it does not have the political power to reject decisions by the Western minority.
I really don't see how people in the West are outraged by this perceived bias of institutions favoring China when
1) Every member participates in a set of framework that benefits the then existing superpowers.
2) By design, China can't rival Japan + West in term of power in those institutions.
It reeks of projection and is no difference trying to sell the rest of the world Huawei / Tik Tok / Grindr etc are spying apparatus threatening national security when your products consist of Apple, Google, Facebook, Microsoft, Tinder etc
This is not just about China, eventually the other developing nations like India etc will grow economically.
I believe in democracy but I don't believe in the existing order and I often question people who are selling this facade if they were actually concerned about equality outside of their borders along with the historical context how we end up here in the first place.
The better analogy would be think of how rigged things are, favoring the 1% in a developed country. Then, realize said country is 1% of the world.