Musings & Ramblings

when did america start to decline


In this world, great power competition and conflict are transcended by rules, norms, and international institutions. The American public and the Congress were unenthusiastic, if not suspicious, about this grand enterprise, which forced the Bush administration to wage a massive deception campaign to get them on board for what was supposed to be the first step in this wildly ambitious scheme. We’re here seven days a week, 365 days a year. Pax Americana was the product of a unique post-World War II constellation of power. And, of course, the United States alone had atomic weapons. A fuller explanation of the Unwinding takes into account these large historical influences, but also the way they were exploited by US elites – the leaders of the institutions that have fallen into disrepair. China’s aim is twofold: to create new markets for the goods and services it produces, and to extend its geopolitical influence. The AIIB’s impact, however, transcends international economic affairs and reflects the shifting Sino-American balance of power.Washington said it opposed AIIB because of doubts that it would adhere to the same environmental, governance, lending, transparency, labor, and human rights standards practiced by the IMF, World Bank, and Asian Development Bank. Indeed, one could argue that this invasion was the first step in a train of events that did enormous damage to the United States and its position in the world.

What’s not to like if you’re a CEO or a large corporation?But beware irrational exuberance. The world will continue to suffer the consequences of U.S. military force but without the mitigating influences of U.S. foreign aid and diplomacy.So, if everything is doom and gloom, why is the stock market so bullish right now?The S & P 500 rose to record highs this week. Many proponents of “lock-in” have constructed a geopolitically antiseptic world, one uncontaminated by clashing national interests.
The world has changed in many ways since the Cold War ended. It may have been inevitable that the constraints imposed on US banks by the Glass-Steagall Act of 1933 would start to slip off in the era of global finance. Having declined to grasp the mantle of leadership during the 1930s, Washington seized it decisively after World War II.

Excluding the huge sums spent on the 10 percent of children who go to private schools, the United States spends something like $8,000 of public money per child per year. It got approval from the U.N. Security Council for the use of force. It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. But the lines of communication linking the home country to its overseas markets must be protected.

Some analysts have come up with clever arguments to discount the importance of these economic trends. But today China’s AIIB presents a double-barreled challenge to U.S. leadership of the global economy as well as to Pax Americana’s institutional (and ideational) foundations. “Don’t look back,” he said, “because something may be gaining on you.” A glance at the rear-view mirror shows China rapidly closing the gaps with the United States in all the dimensions of power upon which the Pax Americana was built: military, economic, and institutional.In the last decade, China has displaced the United States as the world’s leading manufacturing power. There is nothing unusual about the six surviving heirs to the Walmart fortune The rules and regulations of the Roosevelt Republic were aberrations brought on by accidents of history – depression, world war, the cold war – that induced Americans to surrender a degree of freedom in exchange for security. By 2013 the United States’ share of ASEAN’s total trade had shrunk to 8.2  percent while China’s had jumped to 14 percent.

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