Best of luck to the rest of the world. Our failure doesn't need to be yours.
this post was submitted on 07 Nov 2024
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Sweden went from a farming country in 1900 to an industrial nation, then as it wasn't bombed to splinters as the rest of Europe in WW1 and WW2 we surfed that high for a long time. I felt the effect starting to crack around 1990-2000 I guess, but Sweden still benefits from having a head start in -45.
The USA is maybe just the same but on a much larger scale, and Europe have for sure awakened around the same time (-95?) economically, we're just timid in the war and influence things but the people who have at least second hand information from WW2 are getting fewer and fewer so less people will hold back a military strong EU.
Maybe it's time to wake up?
Interesting times ahead. A shame it won't obligatory be good times.
Canada here - my boss made a prediction today that the world will now start to shift towards another currency such as the Euro and I never thought about that possibility until now. Rome used to be the world currency until it fell.
If the dollar were no longer the international reserve currency, the US would be in serious economic trouble, if not bankrupt. However, I don't think that will happen because the US will probably not shy away from preventing it by force with its gigantic military machine. I don't think that's very far fetched, considering what happened to Iraq after Saddam announced in 2000 that he would sell oil in euros instead of dollars. It is of course difficult to prove that this was actually the reason for the US invasion of Iraq - but weapons of mass destruction, the alleged existence of which was put forward as a reason for the war by the US, were in any case demonstrably non-existent.
You're right about the US's military, but you know who also had an outstanding military? Almost all (now dead) empires. I think it stretches exceptionalism beyond all credibility to think the US will buck this trend. That the US empire will be thought of in the past tense is pretty much inevitable, I'm most worried about how it goes. Will it be with a bang, or a whimper. I fearful of the former as they can mount a pretty big bang.
Yes, most empires have perished because of their decadence. This is certainly also a danger for the USA, especially under Trump. If it comes to that, we can only hope that the US will not drag us all into the abyss with them. They will certainly use all means at their disposal to maintain the status quo - even with nuclear weapons, which the Romans, for example, did not have. I hope it goes well. In any case, the world would be better off if we did not continue to destroy our common habitat with our eyes open because of the excessive neoliberalism of the US.
Quite likely the ultimate outcome, if/when the US economy conflagrates under this administration.
It’s a question of what the new global standard will be once the flames settle down; the Euro, the Yuan, the Ruppee or whatever single-currency BRICS inevitably puts forward.
While some will try, I doubt it l. There's just not enough currency reserves for anything except the US dollar to take that spot
In terms of climate goals previously agreed to which will be thrown out the window. Absolutely. As for everything else, also yes. Start considering the USA a deeply flawed, racist, misogynistic, wannabe strongman state. With a list of never ending grievances and the ego to match.