America's bond rating got downgraded under Obama, for one thing. We're barreling towards the, what, 4th or 5th government shutdown in like 6 or 7 years? International confidence in the US to maintain the stability of the dollar is shaken both by the intermittent shutdowns and by its increasingly mercurial foreign policy. Trump's demands about NATO funding, overtures towards North Korea, pulling out of the Iran nuclear deal, immediately replaced by Biden's huge injection into Ukraine, to be followed by...?
At the same time China has been growing in leaps and bounds and has an enormous economy and an incredibly stable government. It seems inevitable that their GDP will overtake the US's sooner rather than later.
These taken together paint a picture to me that we didn't need a war to convince the global south that America's era of monopolar hegemony was coming to a close.
America's bond rating got downgraded under Obama, for one thing. We're barreling towards the, what, 4th or 5th government shutdown in like 6 or 7 years? International confidence in the US to maintain the stability of the dollar is shaken both by the intermittent shutdowns and by its increasingly mercurial foreign policy. Trump's demands about NATO funding, overtures towards North Korea, pulling out of the Iran nuclear deal, immediately replaced by Biden's huge injection into Ukraine, to be followed by...?
At the same time China has been growing in leaps and bounds and has an enormous economy and an incredibly stable government. It seems inevitable that their GDP will overtake the US's sooner rather than later.
These taken together paint a picture to me that we didn't need a war to convince the global south that America's era of monopolar hegemony was coming to a close.