Tuesday, August 16, 2005
Let us now proclaim the end of the American dominance. China and India are rising fast while the Late Empire is entangled in a throughly botched military effort in a region centrally important for the production of a rapidly fading energy source (this sorry and futile spectacle largely financed by foreign - Asian - credit). Internally the country is being torn apart by a vigorous religious fundamentalism and a throughly corrupt political system. The economy is being kept going by a rapid succession of bubbles which are likely to run out very shortly - and one of these days the markets will make one of their temporary returns to sanity resulting in a very painful end to credit financing the various imperial adventures. But maybe there should be a qualification: perhaps it is only the end, the strange death, of liberal America that we are here proclaiming. In an era of scarcity an openly military Empire might be able to prolong its rule however disastrous the concequences would be. The last hope is probably the emerging progressive movement that is determined to return to politics of reason and co-operation but the hostile structures of the government by lobbyists and abundantly financed and morally corrupt conservative machinery might be able to stop this return to sanity. I guess we'll see but somehow I'm afraid that we really are reaching the end of the era of American leadership. And no, I don't think it's a good thing for the values of liberty and global justice that I hold dear.