The dollar as a reserve currency has only been doubled down upon during this pandemic.
Ehm.. wat, how is this exactly? if any thing more countries have moved away from trading in the dollar due to US sanctions which COVID revealed to be truly psychopathic. The remaining western powers are deeply split and unable to further the goals of the imperial project. Macrons attempt to "offer aid to Lebanon" seems to be failing as everyone already knows what the game is (disaster capitalism + austerity). Both Russia and China enjoy an openness from trading partners and an increasing level of trust despite the US running a full blown propaganda campaign against both countries since 2016.
Climate change is also expected to hit China harder than the US.
Look at some of the recent weather maps of the US, and look at how the states are responding, using slave labor to put out fires. The levers of power in the US government have completely seized up, corporations and billionaires use the US government in a disaster to enrich themselves with what is now monopoly money, they can't even provide their citizens health care in a pandemic. Hell Flint still doesn't have clean drinking water. This spells disaster for the US population as the climate apocalypse worsens.
Because the US didn't close down as hard nor give as big of a stimulus, that strengthened the dollar on the global stage at the beginning of the pandemic especially (things have mostly leveled off at this point), but there was a substantial run into the dollar at various points during the pandemic. Trust in the US dollar is not the same thing as trust in the US government, but everything you've said on this topic is irrelevant because you can look at hard data to back up my claim.
The US has far larger freshwater reserves than China, lack of adequate agricultural land is already a problem in China and that isn't really true in the US.
The US is successful despite massive institutional failure because of solid geopolitical fundementals that have long made the country successful in all sorts of ways.
but everything you’ve said on this topic is irrelevant because you can look at hard data to back up my claim.
Lol wat?
The US has far larger freshwater reserves than China, lack of adequate agricultural land is already a problem in China and that isn’t really true in the US.
China is making great strides in combating desertification and reclaiming desert land, the US is still destroying its own land and abandoned all environmental regulations on big petro chem industries. US infrastructure is also 50+ years old and suffering from severe neglect with 10 damn breaks in this year alone, if you think this is going away anytime soon you are fooling yourself.
The US is successful despite massive institutional failure because of solid geopolitical fundementals that have long made the country successful in all sorts of ways.
Solid geopolitical fundamentals like sanctioning 40% of the globes population turning them away from the dollar? Wars in 7 countries? military operations in 120 countries? a ballooning military budget with lower and lower returns and no ability to win wars? Totalt lack of any ability to get "partners" and "allies" to even follow basic US geopolitical interests?
There are indexes that measure the run rate into the US dollar, these metrics have been up since the start of the pandemic.
Solid geopolitical fundementals like having huge fresh water reserves. Coasts on the Pacific and atlantic. The Mississippi and Missouri rivers that create the world's largest watershed and can also be used for energy purposes. More freight rail than any other nation by far.
Go hate the US as much as you want, but there are reasons why it's successful that are worth understanding. Additionally having the largest military in the world wasn't just something that happened, it required a lot of the above.
I commented elsewhere, but having 2 coasts along with the Mississippi River watershed is a huge boon to the success of the US and has been for a very long time. The US is one of very few countries that doesn't really have to depend on other countries to due things because of their own geopolitical constraints.
None of that makes china a superpower tho, as long as Chinese capital flight is a risk the entire Chinese system is vulnerable to a miscalculation like the one they made in 2015 when they loosened capital controls, which did nothing but expand the Vancouver housing bubble, you can't become the superpower of capitalism when all your richest capitalists flee the country with their assets the minute it becomes legal to do so
Then what on earth were you arguing? The comment you responded to was arguing that it isn't inevitable that China would replace the US as the dominate superpower and you presented a counterargument?
Thats a very western mindset, I don't think the situation will be a new unipolar super power, but that we're moving towards a multipolar world with US retaining some of its power (though fading over time), and other competing regional powers coming into fill the void left by the US's gradual collapse.
Ehm.. wat, how is this exactly? if any thing more countries have moved away from trading in the dollar due to US sanctions which COVID revealed to be truly psychopathic. The remaining western powers are deeply split and unable to further the goals of the imperial project. Macrons attempt to "offer aid to Lebanon" seems to be failing as everyone already knows what the game is (disaster capitalism + austerity). Both Russia and China enjoy an openness from trading partners and an increasing level of trust despite the US running a full blown propaganda campaign against both countries since 2016.
Look at some of the recent weather maps of the US, and look at how the states are responding, using slave labor to put out fires. The levers of power in the US government have completely seized up, corporations and billionaires use the US government in a disaster to enrich themselves with what is now monopoly money, they can't even provide their citizens health care in a pandemic. Hell Flint still doesn't have clean drinking water. This spells disaster for the US population as the climate apocalypse worsens.
Because the US didn't close down as hard nor give as big of a stimulus, that strengthened the dollar on the global stage at the beginning of the pandemic especially (things have mostly leveled off at this point), but there was a substantial run into the dollar at various points during the pandemic. Trust in the US dollar is not the same thing as trust in the US government, but everything you've said on this topic is irrelevant because you can look at hard data to back up my claim.
The US has far larger freshwater reserves than China, lack of adequate agricultural land is already a problem in China and that isn't really true in the US.
The US is successful despite massive institutional failure because of solid geopolitical fundementals that have long made the country successful in all sorts of ways.
Lol wat?
China is making great strides in combating desertification and reclaiming desert land, the US is still destroying its own land and abandoned all environmental regulations on big petro chem industries. US infrastructure is also 50+ years old and suffering from severe neglect with 10 damn breaks in this year alone, if you think this is going away anytime soon you are fooling yourself.
Solid geopolitical fundamentals like sanctioning 40% of the globes population turning them away from the dollar? Wars in 7 countries? military operations in 120 countries? a ballooning military budget with lower and lower returns and no ability to win wars? Totalt lack of any ability to get "partners" and "allies" to even follow basic US geopolitical interests?
There are indexes that measure the run rate into the US dollar, these metrics have been up since the start of the pandemic.
Solid geopolitical fundementals like having huge fresh water reserves. Coasts on the Pacific and atlantic. The Mississippi and Missouri rivers that create the world's largest watershed and can also be used for energy purposes. More freight rail than any other nation by far.
Go hate the US as much as you want, but there are reasons why it's successful that are worth understanding. Additionally having the largest military in the world wasn't just something that happened, it required a lot of the above.
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I commented elsewhere, but having 2 coasts along with the Mississippi River watershed is a huge boon to the success of the US and has been for a very long time. The US is one of very few countries that doesn't really have to depend on other countries to due things because of their own geopolitical constraints.
deleted by creator
None of that makes china a superpower tho, as long as Chinese capital flight is a risk the entire Chinese system is vulnerable to a miscalculation like the one they made in 2015 when they loosened capital controls, which did nothing but expand the Vancouver housing bubble, you can't become the superpower of capitalism when all your richest capitalists flee the country with their assets the minute it becomes legal to do so
deleted by creator
I didn't argue it did.
Then what on earth were you arguing? The comment you responded to was arguing that it isn't inevitable that China would replace the US as the dominate superpower and you presented a counterargument?
Thats a very western mindset, I don't think the situation will be a new unipolar super power, but that we're moving towards a multipolar world with US retaining some of its power (though fading over time), and other competing regional powers coming into fill the void left by the US's gradual collapse.
I mean I agree with all that, but that wasn't apparent in your original comment