Oh, America isn't about to fall. Not even if you are right about our loss of status. I don't think you comprehend what Pax Americana has done for the world, and what its loss will mean.
Sure I do. What has America done for me?
1. Entered the Vietnam war, which as well as killing several million people and making us sick to our stomachs, caused rising inflation between 1965 and the early 1970s.
2. Supported Israel during the Yom Kippur War, upsetting Arab nations who responded with an oil embargo. Inflation rose higher.
3. Executed regime change in Iran in 1953, the resulting 'blowback' of the Iranian revolution of 1979 which further destabilizing the Middle East and making inflation spike even higher.
4. Supported Iraq in its fight with Iran, then switched around and attacked Iraq (twice!).
5. Continued its antagonism towards Iran and unwavering for Israel's genocide against Palestinans, further destabilizing the ME and making us even more sick to our stomachs.
6. Attacked Iran causing what may be the worst global oil crisis ever, just as we were recovering from Covid.
In New Zealand we had fuel rationing and inflation hit 17% in 1980. By the late 1980's mortgage interest rates had reached 20%. High inflation in the US then triggered the stock market crash of 1987. They say that when the US sneezes the world gets a cold. The New Zealand stock market crashed by 60%, and stayed down. Some analysts say our economy never fully recovered.
What will the loss of US heganomy do for me? Hard to say, but it's unlikely to be worse than what we have endured so far.
Pax Americana never really existed anyway.
