9 Jul 2008
Noam Chomsky reflects on the changing global power dynamic in 2008, arguing that there are three power systems in the world today - North America, Europe and North East Asia, with Asia showing the most economic dynamism of all.
Concurrently, some of the most exciting democratic experiments are taking place in Bolivia.
Japan and China and some oil producing countries have been sustaining the United State's economy for a long time, but its not clear how much longer they will continue to do this.
Both South America and the East Asian countries are starting to assert their independence from the West. China is at the centre of a developing strategic system with the Shanghai Cooporation Organisation, which includes Russia and is emerging as a counterpoint to NATO.
While in Latin America, the Bank of the South, which enjoys broad support, is presenting itself as an alternative to the World Bank.