by Summary:
While [Donald Trump] campaigned on, for example, a “trillion-dollar investment in infrastructure,” the chances of such a program being passed by Congress are between slim and none. So offering a de-facto trillion-dollar increase in defense spending is the next best thing, as it may well translate into enough jobs in key states to ensure a margin of victory in the 2020 election. But there is also a deeper sense to this effort, as the US establishment seems to try to re-enact the 1980s. And for a good reason. It was quite literally the last decade of America’s greatness, the last decade in which the country elected a president by a landslide–Ronald Reagan in 1984–and the last decade in which it scored a genuine, unalloyed geopolitical triumph in the form of the collapse of USSR and the
Topics:
Mike Norman considers the following as important: US hegemony, US strategy
This could be interesting, too:
While [Donald Trump] campaigned on, for example, a “trillion-dollar investment in infrastructure,” the chances of such a program being passed by Congress are between slim and none. So offering a de-facto trillion-dollar increase in defense spending is the next best thing, as it may well translate into enough jobs in key states to ensure a margin of victory in the 2020 election. But there is also a deeper sense to this effort, as the US establishment seems to try to re-enact the 1980s. And for a good reason. It was quite literally the last decade of America’s greatness, the last decade in which the country elected a president by a landslide–Ronald Reagan in 1984–and the last decade in which it scored a genuine, unalloyed geopolitical triumph in the form of the collapse of USSR and the
Topics:
Mike Norman considers the following as important: US hegemony, US strategy
This could be interesting, too:
Matias Vernengo writes Is dependency over?
Matias Vernengo writes On Re-Industrialization: Brief Comment on Krugman’s column
Mike Norman writes Andrew Koryko — A Venezuelan Coup Could Challenge OPEC+ And Build “Fortress America”
Mike Norman writes Justin Podur — Why It’s So Hard for Most Countries to be Economically Independent from the West
While [Donald Trump] campaigned on, for example, a “trillion-dollar investment in infrastructure,” the chances of such a program being passed by Congress are between slim and none. So offering a de-facto trillion-dollar increase in defense spending is the next best thing, as it may well translate into enough jobs in key states to ensure a margin of victory in the 2020 election.
But there is also a deeper sense to this effort, as the US establishment seems to try to re-enact the 1980s. And for a good reason. It was quite literally the last decade of America’s greatness, the last decade in which the country elected a president by a landslide–Ronald Reagan in 1984–and the last decade in which it scored a genuine, unalloyed geopolitical triumph in the form of the collapse of USSR and the emergence of the US as the sole hegemonic power. Therefore it is no surprise that US decisionmakers want to use it as a blueprint for repeating the earlier success.
Indeed, if one looks at the origins of America’s 1980s triumph, it is easy to see similarities between the current policies and US policies of 1970s and 1980s. The prescription for success looks something like this: first, end unpopular costly quagmire wars, retrench, carry out domestic reforms liberalizing the economy, run up national debt through massive deficit spending, pump hundreds of billions of dollars of new spending into a revitalized all-volunteer force benefiting from a technological leap forward, and watch the geopolitical benefits practically reap themselves!
But it’s unlikely this feat can be repeated....
Unfortunately, there are few indications the US elites have accommodated themselves to the new, post-hegemonic, international balance of power, and the boost in military spending is a reflection of their efforts to recapture past glories. But it is unlikely they can reverse the process of US hegemonic decline. Indeed, this effort actually represents a still-heavier burden on the already weak US economy.SouthFront
US Boosts Defense Spending – To What End?
J.Hawk, Daniel Deiss, Edwin Watson