alt Hacker NewsThe US gained almost immeasurable power and influence by virtue of the 2 World Wars and being largely directly unaffected by those wars, whereas Europe was levelled, particularly by WW2. And that power came from selling weapons.
The world order was reset after 1945 and designed largely by the US for the benefit of the US, particularly the financial system. People will often mistake cause and effect. A common one is the petrodollar. The US dollar isn't strong because oil is traded in it. No. Oil is traded in the dollar because of demand fo the dollar. The world oil market could switch to Euros or RMB tomorrow and the net effect would be that people would hold USD and trade it for whatever currency as needed and convert any such currency immediately back to dollars.
But underpinning this has been the appearance of integrity in the US financial system and, in particular, the Federal Reserve and the SEC. That trust and that system is being rapidly destroyed for a few billion dollars in personal profit. All of this was enabled by an ideological Supreme Court who invented out of thin air the concept of presidential immunity to make the president a king in a country that rebelled against a monarchy.
We're living in times that will be written about in history books as the end of the post-1945 era, particularly with the Iran War. I, for one, called this the most disastrous US strategic defeat in the entire of US history and it's not even close back in April. And I stand by that.
There was a time when corrupt heads of state kept up appearances of not being corrupt. It was done in secret through layers of secrecy. That's gone now. The corruption is very much out in the open.
It's not to see this as anything other than China's rise to global prominence and the irony is they just had to do nothing while letting the US commit suicide.
I think that's been the most baffling thing about the rise of MAGA.
It was a global order built by the US to place the US in positions of power and privilege in every way imaginable.
And the MAGA group looked at it and said "we are being taken advantage of! We have to spend a rounding error worth of money on food aid and Voice of America?! I don't want soft power, I want rock hard power!!!"
They looked at a game with unfair rules that were written by them to benefit them and said "this is unfair.... to me!" Then went about dismantling nearly a century of work that unfairly stacked the deck in America's favor.
The US-Israel-Iran War is an interesting inflection point. They pulled out of every soft-power play, putting every chip in on hard-power military strength and now they are getting wrecked by cheap drones and Iran just being willing to stick it out and not fold. Venezuela will probably go down as the point in which they believed their world view was winning, no need for any diplomacy, just go in and abduct the president and take the oil. Iran showed them the limits of that kind of thinking, if they were more introspective they could learn from it.