Will this shift in the balance of power be a re-centering de-hegemonization of power or will it move the center to a new capital? The Reagan-Bush paradigm had us spend many years of social and ecological “savings”, basic social and environmental investments were tapped into and turned into cash and everyone had a good time. It was sort of like being given an inheritance and throwing a huge party. At the end we’ll remember these days as full of wealth but there will be an empty shell of a social safety net, food that is not safe to eat, drugs that may be dangerous or do nothing. We are massively in debt and beholden to China. Our middle class has shrunk and we now have the largest wealth discrepancy of the developed world. Our ignore-ance of the problems of fossil fuels has given us rising sea levels and acidifying oceans. These are the fruits of the grand party we’ve thrown ourselves for the last 29 years. What is now obvious is that the Reagan-Bush economic doctrine, cou

What is now obvious is that the Reagan-Bush economic doctrine, couched in the veneer of freeing capital (which to be fair, it also did), built its success mostly on spending away our inheritance. It is easy to feel rich if you empty your bank account. But this is not a dirge or a litany of despair. We can and we will rebuild our wealth. We will come back and we will do so as a nation, together. And it will be stronger than before. But now we must get back to work, the grand party is over.

And it will be stronger than before.

I agree.

The matter of agreement on everything else is a non-starter, since everything else you said is absurd.

I would not expect any other reaction from you Wilhelm. Regards.

Empires rise and Empires fall. I believe that trend is leading to a multi-polar world for the time being.

I agree - and a multi-polar world could be a better one if done right.