Not sure I'd say the US has "lost" hegemony quite yet, more that it is being contested. The cultural export of the US has encircled the globe and continues to dominate. The USD is still the petrol dollar, and the US gov hasn't closed any long term occupation military bases designed to support forward occupations. The former I think will be the nail in the coffin, and the latter will be the beginning of the decline. Wouldn't be surprised if the latter signal is actually started by corporate influence in order to increase shareholder dividends - capitalism has always been a snake eating it's own ass.
I've heard the take that Biden is currently in the process of Hadrian's walling up the american empire as we've hit our terminal growth point and are now contracting. Feels convincing to me
Not sure I'd say the US has "lost" hegemony quite yet, more that it is being contested. The cultural export of the US has encircled the globe and continues to dominate. The USD is still the petrol dollar, and the US gov hasn't closed any long term occupation military bases designed to support forward occupations. The former I think will be the nail in the coffin, and the latter will be the beginning of the decline. Wouldn't be surprised if the latter signal is actually started by corporate influence in order to increase shareholder dividends - capitalism has always been a snake eating it's own ass.
I've heard the take that Biden is currently in the process of Hadrian's walling up the american empire as we've hit our terminal growth point and are now contracting. Feels convincing to me
Well... He's not doing a very good job of it lol. Pulling out of Afghanistan was probably the best move of his whole tenure.