pull down to refresh

You correctly identify my British/Irish heritage and DNA. And yes as I grew up the products of British manufacturing were still respected although in decline as US and Japanese competition overwhelmed them. New Zealand was in the process of shifting from being a colony of the British Empire to being a tribute state to the emerging US empire. I will always prefer Triumphs and BSAs ro Harleys! However I would strenuously challenge the implied assertion that US hegemony and wealth was built any less on military might and power projection that the British Empire was. It wasn't. USA first gained hegemony over the Americas and thenwent global after WW2 and the fall of the Berlin wall. Post WW2 Britain grudgingly handed over the keys to the empire to Uncle Sam. The murder of the democratically elected President of Iran, Mossadegh was one of the early stages in the handover. USA has exercised its global military bases and threat of use of force as well as frequent actual uses of force to gain economic advantage. Perhaps even more than the British did. Certainly one fuck of a lot more than China has done to date. To assert that wealth and prosperity are solely derivatives of free and open markets is absurd and history shows it is. Now that China dominates global trade in commodities and manufactured goods it must be able to defend its global assets and investments just as previous empires have had to. The Chinese are building from a base of mercantile- engineering- and have already beaten western capitalism at its own game of producing manufactured goods in the most cost competitive manner. Western factories simply cannot compete thus Trump rolls out the protectionist tariffs. USA is a bastion of crony capitalism and always has been.
deleted by author
reply
'No where did the US ever turn a profit profit from fulfilling a war goal.' This is fucking hilarious, extreme and TRAGIC ignorance you are spouting.
Petrodollar
Have you not heard about the million Indonesians murdered on the orders of the CIA and the later carve up of Indonesian resources wealth to US corporates? You might like to read some history starting with US involvement in The Opium Wars. Then read about the US involvement in the assassination of Irans democratically elected leader Mossadagh. Chile, El Salvador, The Contras (Nicaragua), Vietnam, Cambodia, Afghanistan, Libya and many many more...all US military power projection serving to protect and promote US Corporate Interests! The ONGOING US drone strikes in breach of international law that kill an estimated 50 innocant bystanders for every enemy combatant suspect killed. yes suspect as in untried. Your ignorance of US imperialism is tragic and undermines any ability for me to take anything else you say seriously. Seriously read some history and get your head out of the arsehole of Libertarian Mises Institute Bullshit. All of the above are tragic examples of the 'compromises' that become imperative as nations gain super power status and lose sight of the democratic and fundamental principles that they may have been founded upon. China in emerging as a super power is no less prone to these imperatives but to date has not displayed anything even approaching the brutality and extent of US imperialist militarism. The US has hundreds of declared military bases globally and many hundreds more undeclared...there is a reason for this and much of it is documented- do some reading.
reply
deleted by author
reply
WW2 never ended in Korea...
reply
deleted by author
reply
Lol ok Uncle Sam nice story. The truth is is power corrupts and the contest for resources is fundamental to life and DNA. And the winner tells their story justifying their actions and ends up believing it. The USA has been the winner until recently but now its financially unviable. The Jewish bankers who have funded western imperialism for centuries are restless. China has won the trade war and Americans find that inconvenient to the US exceptionalist narrative that they have come to believe in. Empires rise and fall. Because success breeds arrogance and entitlement and defeat sometimes results in determination and resolve to regain former power and glory if the cultural narrative, mass and memory is strong enough...and in China it is. China was just too big for any western imperialist to swallow- even Japan couldn't do it. If you want to understand China today go back at least to the Opium Wars- some famous Americans made a lot of bucks out of the Opium trade...
reply
deleted by author
reply
Most Chinese are well aware of the history that lead to the 100 years of humiliation but are now looking forward to a future where Chinese self determination, wealth and security look likely to be achieved despite the brutal nature of western imperialism.
The process has been brutal, including the excesses of Maoism- the process of adapting to and responding to western imperialism is not one most cultures have had the cultural strength and depth to achieve.
Most westerners are ignorant of the history and thus in denial, and, so, sadly, may have to suffer their own hundred years of humiliation before waking up to the consequences of the Opium Wars and the multiple other brutal manifestations of western imperialism.
The Chinese when confronted by British imperialism were naive, believing that the British would not impose upon Chinese sovereignty in the way the British and other western powers did- they were wrong- the Chinese have learned from that error...while most in the west have now become just as naive-arrogant-entitled in their supposed 'right' to global dominance.
History repeats. This is the pattern of the rise and fall of empires. The struggle for control over territory and resources is deeply embedded in our DNA. Learn from it or experience the humiliation of subjugation.
reply
deleted by author
reply
Good luck with that. Britain acquired Hong Kong via military force and there established the banks which enabled the slavery of China via the Opium Trade. Military power and monetary hegemony have always been parallel imperatives of empire at least since Jesus recommended you pay your taxes to Rome....
Bitcoin is a nice asymmetric alternative and hedge against the decline of the US petrodollar, but is more or less obstructed as a MoE by all the legacy fiat powers. China has won the trade war and is in the process of reverse engineering the monetary system hegemony of the west via Hong Kong. We do not know exactly how this will play out but we can learn from history.