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Home / Mike Norman Economics / The American Empire has fallen, though Washington may not know it yet — Nebojsa Malic

The American Empire has fallen, though Washington may not know it yet — Nebojsa Malic

Summary:
This op-ed is substantially in agreement with what I said here several days ago. The Post WWII Era is over. The world is now in new territory. Interestingly also, this coincides with Brexit, too. A world led since WWII by the Anglo-American Empire is transforming.As an aside, a major purpose of the American-led trade war against China is to prevent Western capital flowing to Asia, which has been a growing trend. Part of this is "Bring the jobs home." But those jobs (investments) are simply moving from China to other Asian countries with less expensive labor. Capitalism is cannibalizing itself as it pursues to increase or at least maintain return on capital invested — unless the Empire can colonize those nations or turn them into vassals. This game is getting long in the tooth, especially

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This op-ed is substantially in agreement with what I said here several days ago. The Post WWII Era is over. The world is now in new territory. Interestingly also, this coincides with Brexit, too. A world led since WWII by the Anglo-American Empire is transforming.

As an aside, a major purpose of the American-led trade war against China is to prevent Western capital flowing to Asia, which has been a growing trend. Part of this is "Bring the jobs home." But those jobs (investments) are simply moving from China to other Asian countries with less expensive labor. 

Capitalism is cannibalizing itself as it pursues to increase or at least maintain return on capital invested — unless the Empire can colonize those nations or turn them into vassals. This game is getting long in the tooth, especially as dragon spreads its newly grown wings.

Regarding the current polarization in the US and UK, the overwhelming dynamic seems to be nationalism versus globalism. The Post WWII era was characterized by increasing "liberal internationalism" manifesting as "liberal interventionism," which were code for neoliberalism, neo-imperialism, and neocolonialism. This orientation had social, political and economic consequences nationally and internationally that led to the current state of unrest. 

While this is not the only factor involved, it is a principal dynamic. The result has been growing asymmetry that provoked a foreseeable reaction.
Nebojsa Malic, Serbian-American journalist, blogger and translator, wrote a regular column for Antiwar.com from 2000 to 2015, and is now senior writer at RT

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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