Prof. Richard Wolff argues that the US is developing a new economic model to adjust to post-hegemonic realities.Follow Prof. Glenn Diesen: Substack: https://...
I tend to be more optimistic myself. As I mentioned before, these things don’t progress in a linear fashion. Just because there is no obvious shift happening yet, doesn’t mean that internal contradictions aren’t building up towards a qualitative change. The US is very much overextended right now, the western alliance is fractured, and the global south continue to pass the west economically. The balance of power has already shifted away from the west.
This is the inflection point all empires end up hitting sooner or later. At some point the cost of maintaining the empire starts to outstrip the plunder the empire brings in. At that point the core of the empire starts being hollowed out to maintain it. That’s precisely where the US is right now. More and more countries are getting out from under the thumb of western hegemony, and that in turn cuts off the resource flow to the empire which makes it harder to dominate the remaining countries still in its grip.
i suppose that my proximity to the core and the future that i predict for myself at the nearest possible periphery to that core is influencing my views on it.
I think a lot of the power of the empire comes from its mythology. Promoting the idea that it is invincible and inevitable convinces people that nothing can be done about it.
I tend to be more optimistic myself. As I mentioned before, these things don’t progress in a linear fashion. Just because there is no obvious shift happening yet, doesn’t mean that internal contradictions aren’t building up towards a qualitative change. The US is very much overextended right now, the western alliance is fractured, and the global south continue to pass the west economically. The balance of power has already shifted away from the west.
This is the inflection point all empires end up hitting sooner or later. At some point the cost of maintaining the empire starts to outstrip the plunder the empire brings in. At that point the core of the empire starts being hollowed out to maintain it. That’s precisely where the US is right now. More and more countries are getting out from under the thumb of western hegemony, and that in turn cuts off the resource flow to the empire which makes it harder to dominate the remaining countries still in its grip.
i suppose that my proximity to the core and the future that i predict for myself at the nearest possible periphery to that core is influencing my views on it.
I think a lot of the power of the empire comes from its mythology. Promoting the idea that it is invincible and inevitable convinces people that nothing can be done about it.