The vestiges of the imperialist system will probably continue for decades to come but it seems plausible that with mounting crises and contradictions, we're looking at a meaningful collapse of hegemony within the next 15-20 years. I think it can be very easy to understate what's been going on for the last couple years if you're a liberal "It's just a war in Ukraine, a trade war against China, and a fragmenting Israel versus half a dozen heavily armed militant groups - nothing that threatens the United States!" but one can also overstate what's going on without an understanding of how deeply rooted most countries are in terms of debt and monetary flows to and from the United States, and just how many military bases there are, etc. These aren't intractable problems but the easiest problems are being solved first (dedollarizing between two countries that are already being sanctioned) and the harder problems, like actually creating the alternative institutions that most of the world's countries would be happy with ceding a portion of their sovereignty to, are indeed very hard.
It's very encouraging that US military might already seems so undermined and ineffectual, though, as being militarily challenged is a really big first step towards the end of empires. The usual people will keep spending billions on American weapons, obviously, but the mere concept that there are indeed problems that America cannot simply bomb or overthrow out of existence (e.g. Ansarallah blocking the Red Sea) is a massive shift from the high-point of the 1990s, especially as America has no other tools in its toolbox except for sanctions, which are becoming less effective by the day. And the fact that America has to send Israel billions in weaponry every few months is encouraging in the sense that such massive volumes are clearly required for Israel to merely stay afloat, as they don't seem to be, say, going to war against Hezbollah with them or anything. The monetary values are meaningless, the US would have no qualms with printing a quadrillion dollars for Israel if that was what was needed, it's the resources being taken out that are the real prize here. You can't bomb people with dollar bills, nor could Israels eat them under siege.
The vestiges of the imperialist system will probably continue for decades to come but it seems plausible that with mounting crises and contradictions, we're looking at a meaningful collapse of hegemony within the next 15-20 years. I think it can be very easy to understate what's been going on for the last couple years if you're a liberal "It's just a war in Ukraine, a trade war against China, and a fragmenting Israel versus half a dozen heavily armed militant groups - nothing that threatens the United States!" but one can also overstate what's going on without an understanding of how deeply rooted most countries are in terms of debt and monetary flows to and from the United States, and just how many military bases there are, etc. These aren't intractable problems but the easiest problems are being solved first (dedollarizing between two countries that are already being sanctioned) and the harder problems, like actually creating the alternative institutions that most of the world's countries would be happy with ceding a portion of their sovereignty to, are indeed very hard.
It's very encouraging that US military might already seems so undermined and ineffectual, though, as being militarily challenged is a really big first step towards the end of empires. The usual people will keep spending billions on American weapons, obviously, but the mere concept that there are indeed problems that America cannot simply bomb or overthrow out of existence (e.g. Ansarallah blocking the Red Sea) is a massive shift from the high-point of the 1990s, especially as America has no other tools in its toolbox except for sanctions, which are becoming less effective by the day. And the fact that America has to send Israel billions in weaponry every few months is encouraging in the sense that such massive volumes are clearly required for Israel to merely stay afloat, as they don't seem to be, say, going to war against Hezbollah with them or anything. The monetary values are meaningless, the US would have no qualms with printing a quadrillion dollars for Israel if that was what was needed, it's the resources being taken out that are the real prize here. You can't bomb people with dollar bills, nor could Israels eat them under siege.