Tag Archives: US hegemony

[embedded content]Short clip of part of an interview. I discussed that in an old paper here, and in another interview here.

I have written on deindustrialization before (see here and here), and commented on the CHIPS Act, and how it was one of the first, if not the first, re-shoring of manufacturing jobs into the US. Krugman just wrote a column on that, noting that the concern with manufacturing is now bipartisan, as Biden policies follow Trump's, he argues the former more successfully than the latter. Also, I should note that the the pressures for US corporations to reorganize their supply chains away from China...

The structures of the global economy present challenges to any country or political party that wants to try to break out of U.S. hegemony. Even for countries as big and with as much potential as Brazil or Egypt, countries that have experienced waves of relative independence, the inertia of these economic structures helps send them back into old patterns of extraction and debt. In this moment of right-wing resurgence it is hard to imagine political movements arising with plans to push off...

Short essay in Spanish for the special (40 year anniversary of the journal Coyuntura y Desarrollo, published by the Fundación de Investigaciones para el Desarrollo, FIDE). It is essentially a critique of the concept of middle-income trap and the idea of how the demographic transitions (discussed herebefore) affect the process of development. It suggests that the deindustrialization of the Latin American periphery results as much from the decisions in the hegemonic country to open up China,...

Although the G20 still retains its potential to support the global economic stability, there is an impression that its mission is coming to an end. If this trend is not reversed, then, a summit or two from now, we might see the return of trade wars and competitive devaluations of national currencies. In that case, the current G20 format, built around the US leadership and hegemonic in nature, will not work at all. The nature of the G20 is that of an international forum, not an international...

Socialism is "tyranny," you see. The US has been after regime change in Cuba —unsuccessfully— since the Bay of Pigs invasion. But it has done its best to ruin the economy. Because "socialism is tyranny." So now we an "axis of evil" on Latin America in addition to the Bush era axis of evil — Iraq, Iran, and North Korea — and Russia and China named as chief adversaries.Anyone else hear the sound of war drums beating getting louder? VOXJohn Bolton just gave an “Axis of Evil” speech about...

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...

China perceives the status quo as American hegemony that stands in the way of its Chinese Dream. An irresistible force meeting an immovable object? Somethin's gotta give. A major problem is that America and to a great extent it Anglo allies assumes that its view of liberalism is descriptive of the natural order and other views are therefore simply wrong. This is one of the foundations of a series of paradoxes of liberalism that lead liberals to think and act illiberally.  China views...