XPost: talk.politics.misc, alt.russian.z1, soc.culture.china   
   From: os333@netc.eu   
      
    countercurrents.org   
      
   .. Death-knell ..   
      
   .. The US took over the position of postwar imperialist hegemon ..   
   However, with the beginning of the 21st century, especially after   
   the world economic crisis or "global meltdown" of 2007-08, its   
   stature as world's leading manufacturer and biggest trader has been   
   lost to China. Following the sharp decline in US gold reserve which   
   was 75 percent of world total in 1945 to less than 20 percent as of   
   now, that resulted in a loss of trust in dollar's continuity as   
   world currency, has unleashed a "de-dollarisation" trend too, in   
   which China has its overt and covert role. And of late, as a   
   manifestation of the inability to carry out the super-power   
   responsibilities incumbent on it including the maintenance of around   
   750-800 military bases across 80 countries of the world, US   
   imperialism has been backtracking .. It would be in order here to   
   briefly situate the important policy shifts that marked both the   
   ascending and descending phases US imperialism over a century ..   
      
     Read more    
      
   US imperialism, which has been the postwar world hegemon, is now on   
   its descending phase .. US is still world's largest military machine   
   .. From a political-economy perspective, US is much weaker than   
   China. While US has higher nominal GDP, based on Purchasing Power   
   Parity, US GDP is only 75% of China. Today, 60% of the countries of   
   the world is China's trading partners; US has only 30%. US industrial   
   production or manufacturing today is only half that of China ..   
   Coming to the crucial issue of export of capital, China's Belt and   
   Road Initiative .. is the largest capital export program in   
   imperialist history. In the process, many countries have already   
   become China's neocolonial dependencies .. In the sphere of "frontier   
   technologies" such as AI, Digitisation, Biotechnology, etc.,   
   imperialist China is much ahead than that of US ..   
      
   ...   
      
   Indian Communist assessment on the American decline.   
      
      
      
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   > The world is moving on and the USD is failing to keep up   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)