On Fri, Feb 28, 2025 at 10:25 AM, hari kumar wrote: > > As always perhaps, it is not so straight-forward...I believe that indeed > there is a re-shuffling of the powers that be. But such dramatic changes, > may take time
I fully agree nothing is forever, Hari, but I'm not sure what you're referring to when you say there is already a re-shuffling of the powers that be. Some point to China's rapid technological and economic development which could well surpass that of the US. As you know, I don't accept that it necessarily follows that the PRC is acquiring or intends to acquire an overseas Chinese "empire" paralleling that of the US which will inevitably lead to war between the two powers. I think it's equally possible that the economic competition between them could proceed - as it generally does between industry leaders domestically - within a common global economic framework. The inter-penetration of capital is today far more advanced internationally than in previous periods when the communications and transportation barriers between feudal principalities and infant nations were much higher. It's true that the US is experiencing imperial overreach and that its use of sanctions, asset seizures, and other forms of economic pressure based on its "exorbitant privilege" have produced a reaction represented by the growth of the BRICS and the search for an alternative reserve currency. But this coalition is not politically homogenous and is still very far from representing a real challenge to US hegemony. For this to change, I'm with those who argue that the US would first have to be seriously weakened by its own internal contradictions within and between the classes. As always, I'll welcome your further thoughts. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#35571): https://groups.io/g/marxmail/message/35571 Mute This Topic: https://groups.io/mt/111412499/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: marxmail+ow...@groups.io Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [arch...@mail-archive.com] -=-=-=-=-=-=-=-=-=-=-=-
