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‘New Bretton Woods System Could End War’

Under the striking headline, Schiller Institute Calls for New Bretton Woods To End War, Economic Crisis, one of the leading Indian dailies The Hindu published an excellent article on August 6, 2022 on the basis of an interview with Founder-Chairperson of Schiller Institute Helga Zepp-LaRouche. She discussed the role played by her late husband Lyndon LaRouche in shaping the policies for a New International Economic Order and the Non-Aligned Movement (NAM), as well as his very close relationship with India, dating back to the time of his Second World War service in the China-India-Myanmar theatre. It may be noted that Lyndon and Helga Zepp-LaRouche used to enjoy a close personal friendship with former Indian Prime Minister Indira Gandhi.

At the outset, The Hindu pointed out that the “global thinktank, Schiller Institute, which recently hit the headlines for organising an international conference on the Ukraine War and Economic Crisis”, was shaped by the late economist Lyndon LaRouche. The Schiller Institute’s global conference, held on April 9, included among its speakers retired diplomat P S Raghavan (who was scheduled to speak, but was unable to attend), journalist Saeed Naqvi, and Sam Pitroda. ( Subsequently, “it came under attack from Ukraine’s Centre for Countering Disinformation that fights online Russian propaganda, for releasing a list of 75 commentators, including the three Indians, whom they accused of promoting Russian propaganda”.

Helga Zepp-LaRouche

LaRouche elaborated in detail her late husband’s role in shaping policy debate in the NAM. After former US President Richard Nixon dismantled the Bretton Woods System in 1971, LaRouche said her husband had warned that the so-called Nixon Shock would encourage speculation-driven economic activities and greater inequality, as he “wrote in favour of the Developing Economies. Some of those ideas found expression in the 1976 Colombo Resolution of the fifth NAM Summit that had reportedly called for a New International Economic Order (NIEO) to help the non-aligned countries,” stated The Hindu. The effects of the Nixon shock are still being felt, asserted LaRouche.

The New International Order did not come into being due to many factors, stressed LaRouche, adding that when she and her husband met Indira Gandhi, the former Indian Prime Minister showed great interest in “having economic ideas that would safeguard India from the volatilities of international finances”, which had affected many other developing countries. Following Gandhi’s assassination in 1984, Lyndon LaRouche authored a book, titled Derivative Assassination’, in which he examined the global dimensions of Khalistani terrorism that had probably played a key role in the murder of Gandhi. Even after her death, the LaRouches visited India on several occasions and met prominent economists, such as late Arjun Sengupta, and former President of India Kocheril Raman Narayanan in 2001.

Former Indian President K R Narayanan (2nd from Left), with Ramtuanu Maitra (1st from Left), Lyndon LaRouche (2nd from Right) and Helga Zepp-LaRouche (1st from Right) Photo Credit: The Hindu

During the interview, LaRouche mentioned that while the LaRouche tradition within the NAM didn’t progress for a number of reasons, including the assassinations of Gandhi in 1984 and also of her son and successor Rajiv Gandhi in 1991, the interventionist wars launched by the West in Syria, Libya, Iraq and Afghanistan, whose chief architect was former US President George H W Bush, were largely responsible for the global turmoil that made such progress impossible.

Despite the crisis in Ukraine and the global financial crisis, LaRouche is hopeful that there is a reemergence of non-alignment and other positive traditions, reported The Hindu. At the same time, she claimed that Western leaders failed to deal with earlier crises, such as the 2008 Lehman Brothers crash, and those failures could lead to a “blowout of the Neoliberal System”.

Lyndon LaRouche

Look at the West’s treatment of Russia,” LaRouche said. According to the Schiller Institute chief, when the erstwhile Soviet Union collapsed, her Institute proposed a development corridor – the Eurasian Land-Bridge – that would have helped in economic development. Instead, Western Powers adopted a strategy of destroying Russia, treating the country as a regional power and planning to reduce the former Soviet Republic to the status of a raw-materials producing ex-superpower. These Western policy errors continue to this day, she warned, telling The Hindu: “If we don’t get the United States and Europe onto a new track, toward a new system (New Bretton Woods), the danger of war only worsens.

Read the full article published in The Hindu:

Boundless Ocean of Politics has received this article from Christopher Lewis of Schiller Institute, Frankfurt, Germany.

Christopher Lewis

Editor’s note: The views and opinions expressed in this article are the author’s and do not necessarily represent the views and opinions of Boundless Ocean of Politics. Boundless Ocean of Politics makes no representation, warranty or guarantee as to the accuracy or completeness of the information contained in any News, Research, Analysis or Opinion provided in this article. Under no circumstances will Boundless Ocean of Politics, its employees, agents or affiliates be held liable by any person or entity for decisions made or actions taken by any person or entity that relies upon the information provided in this article.

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