I believe it was created out of desperation, the tin pot dictator puppets put in place squandered what ever money they had where on the balls of thier a##es and they figured lets all huddle together so if one of us goes down the others will either go down with us or prop us up. A globalist experiment it is.
It reminds me of the failed communes the hippies tried in the '60s - promises of everyone profiting from everyone else and then the reality that so many were bringing deficits. Sold as a dream and turns out to be a nightmare with an eventual dictator at the top.