Foreign Minister Arreaza urges to rethink multilateral institutionality amid exhaustion of neoliberal capitalist model - MPPRE

Foreign Minister Arreaza urges to rethink multilateral institutionality amid exhaustion of neoliberal capitalist model

Minister of People’s Power for Foreign Affairs, Jorge Arreaza, outlined the signs pointing to an exhaustion of the neoliberal capitalist model and stressed the need to rethink multilateral institutionality amid the new emerging historical cycle and protect the Charter of the United Nations as an instrument in force to guarantee international peace and security.

“We need to assess a reform of the United Nations, or at least of its Security Council, as urged by Commander Hugo Chávez and other progressive or socialist leaders at the very same UN headquarters,” stressed Arreaza in his lecture at the virtual National Conference on Global Governance and Development, organized by the Center of High Studies of Development and Emerging Economies (CEDEES, Spanish acronym).

In his lecture on New Bodies for Global Governance, the Venezuelan diplomat did a review of the powers that have served as centers of imperial power until World War II and the hegemony assumed by the United States after its victory in the Cold War with the dissolution of the Soviet bloc.

Arreaza recalled that Chávez envisaged the 21st century would not be bipolar or unilateral, but multipolar and pluricentric; therefore, it was necessary that the legal institutional superstructure be also multipolar and express “true multilateralism in an autonomous way, and not that kind of international organization that many times portrays a collective unilateralism.”

The Venezuelan foreign minister explained imperialism is in decline, and even though the United States portrays its main face, it is really a conglomerate of corporative and business interests, an industrial, military, financial complex going beyond the borders of the North American country and controlling the existing multilateral institutions.

As an example, he mentioned that the fact that the International Monetary Fund and the World Bank fail in achieving political and economic stabilization in those countries it helps financially is a clear sign of the decline of the accumulation system whose core is in the United States, hence the need of moving towards a different system or a different world.

Arreaza insisted that, faced with the process of transition from one system to the other, and the permanent dialectic conflict arising from it, it is necessary to protect the UN Charter. In this sense, he praised the initiative of creating a group of countries in defense of this instrument.

The Venezuela foreign minister also pointed out that those countries under unilateral coercive measures are holding meetings and assessing joint actions within the UN.

Likewise, he mentioned the Asian Infrastructure Investment Bank,  with over 80 member countries; the BRICS, the Group of Countries in Defense of the UN Charter, the Eurasian Economic Union, the CELAC, the Belt and Road Initiative, the African Union and the ALBA-TCP as the genesis of the new system, which he defined as a more evolved integration platform directly caring for and including the peoples and social movements.

“We are convinced that we are living the end of a historical cycle, but it will end sooner or later as the sovereign, autonomous, independent, progressive governments and peoples become aware and elect governments in this direction, or simply rise up and make collective decisions,” concluded Foreign Minister Arreaza.