Yes, I agree. Just as with the production/consumption disruption, the current US administration seems to be abandoning the Pax Americana commitments that led to a world of interrelations and dependencies that went beyond trade and economics. This has huge implications. The usa still has a very large military capacity, but the balance of power and what it is going to be used for…these are now in flux in a way we have not seen in living memory.
In a way, its the same logic being applied: that Europe or south America or whatever places are not capable of becoming a rival global power.
Be that as it may, when security considerations become involved - and they are now involved - economic matters largely take a back seat.
Yes, I agree. Just as with the production/consumption disruption, the current US administration seems to be abandoning the Pax Americana commitments that led to a world of interrelations and dependencies that went beyond trade and economics. This has huge implications. The usa still has a very large military capacity, but the balance of power and what it is going to be used for…these are now in flux in a way we have not seen in living memory.
In a way, its the same logic being applied: that Europe or south America or whatever places are not capable of becoming a rival global power.