The United States is the world’s dominant superpower. This is not sustainable. I believe the collapse is likely to come suddenly, like the fall of the Soviet Union.
American geopolitical dominance is based on:
- A world-wide network of military bases that give it the power to use military force in remote parts of the world.
- Covert action agencies that work to subvert governments that resist U.S. power.
- The dollar as the world’s medium of exchange, which gives the U.S. the power to control the world’s banking system.
The material basis for this dominance was U.S. industrial power, which once was supreme, but no longer is.
U.S. government is dominated by two factions with contradictory policies. One is what I call the neoconservatives, who think the United States can make itself secure by crushing any nation that resists U.S. dominance. The other is what I call the neoliberals, who think the United States can make itself prosperous by subordinating policy to the needs of U.S. corporations.
The problem is that executives of the largest U.S. corporations think of the world in global terms, not national terms. They don’t regard themselves as responsible for maintaining U.S. geopolitical and military power. Neoliberalism saps national economic strength that neoconservatives count on to support military intervention.