Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
295,417
edits
Changes
→Unipolar (1991 - 2017)
In response, the [[United States]], joined by the [[EU]], [[Britain]], [[Australia]], and a few other [[security]] partners, declared all-out economic war on Russia, cutting it off from the [[SWIFT network|global dollar-based trading system]], attempting to ban its [[energy]] [[export]]s, and seizing its [[dollar]] reserves, while initiating massive arms transfers and [[tactical]] [[intelligence]] support to the Kyiv regime, which is became mired in a thousand-kilometer-wide [[war of attrition]] with Russia. The [[Ukraine propaganda war|information war]] that accompanied the proxy war is the fiercest and most comprehensive in world history. With all sources of information other than those favoring Ukraine cut off, it became impossible to understand what is actually happening there. Whether a Western [[policy]] of support for [[proxy war]] in Ukraine can save it and restore [[peace]] in Europe is at best doubtful, but the [[economic sanctions]] on Russia, its knock-on effects, the concomitant paroxysm in US-China relations, and the worldwide turn to [[protectionism]] driven by [[national security]] rather than economic concerns together catalyzed the emergence of a very new pattern of international interactions.
In response, the [[United States]], joined by the [[EU]], [[Britain]], [[Australia]], and a few other [[security]] partners, declared all-out economic war on Russia, cutting it off from the [[SWIFT network|global dollar-based trading system]], attempting to ban its [[energy]] [[export]]s, and seizing its [[dollar]] reserves, while initiating massive arms transfers and [[tactical]] [[intelligence]] support to the Kyiv regime, which is became mired in a thousand-kilometer-wide [[war of attrition]] with Russia. The [[Ukraine propaganda war|information war]] that accompanied the proxy war is the fiercest and most comprehensive in world history. With all sources of information other than those favoring Ukraine cut off, it became impossible to understand what is actually happening there. Whether a Western [[policy]] of support for [[proxy war]] in Ukraine can save it and restore [[peace]] in Europe is at best doubtful, but the [[economic sanctions]] on Russia, its knock-on effects, the concomitant paroxysm in US-China relations, and the worldwide turn to [[protectionism]] driven by [[national security]] rather than economic concerns together catalyzed the emergence of a very new pattern of international interactions.
==Multipolar==
In a globalized economy, national borders are relatively stable and respected. Goods flow freely, with the result that inventories can be maintained at low levels because they can be readily replenished. This has been the norm for the post-1945 period until the [[Iran war]] and closure of the [[Strait of Hormuz]]. Many countries were caught with their pants down—meaning, they had no meaningful reserve inventories of critical goods, like [[oil]], [[fertilizer]]s, [[sulfuric acid]], and so on.
Through the [[petrodollar]] system the [[US]] rigged the system to control it. This forced the rest of the world to [[finance]] the [[US government]]'s [[budget deficit]]s, and [[America]] living beyond its means. If the United States needed or wanted to [[import]] foreign consumer goods or raw materials, it simply printed paper dollars, which the rest of the world needed to buy [[oil]]. This system, while facilitating global trade, led to a system of [[neocolonialism]] in which the US was able to extract [[wealth]] from the rest of the [[planet]]. That led to the US running up a $38 Trillion [[national debt]] and beggaring the American [[middle class]]. That global order could have worked if the [[United States]] had been willing to abide by [[international law]], rather than [[unilateral]]ly instituting its own so-called [[Rules Based Order]], with the constant threat of [[military]] force and [[economic sanctions]].
[[MAGA]] meant deglobalizing the [[economy]]. In a deglobalized economy every nation would need to build up its own critical inventories of what they need.
[[China]] and [[Russia]] dreamed up [[BRICS]] and the notion of fair dealing. [[Iran]], which had ejected the [[neocolonialist]] [[CIA]]/[[MI6]] regime of the [[Shah]], was more than willing to join the BRICS bandwagon.
==References==
==References==