Global Economic Security
As we advance further into the 21st century, American hegemony is facing new and increasing threats to its global status. With China and Russia gaining in strength and audacity, US power is being challenged like never before.
How long can a country like the USA, that represents less than 5% of the world’s population and 22% of the global economy, remain the world’s dominant military and political power?” Since the Cold War ended, the overwhelming power of the US military has been the central fact of global politics. Now… that power is being tested – as America’s rivals test its resolve and the US considers when and whether to push back”.
Two months ago, the USS John S McCain sailed perilously close to an artificial Chinese-built island in the South China Sea. Disturbed by the appearance of the 500-foot long US warship, a Chinese frigate sent at least 10 radio warnings to its uninvited guest. After that we all know what happened to the US warship.
Less than two weeks after this very incident [on August 21], the USS McCain was involved in a serious collision with a Liberian oil tanker, off the coast of Singapore. Ten American sailors died, in what constitutes just one of various incidents involving US warships in Asia this year.
Nor are these episodes limited to US warship. American fighter bombers and jets can be seen at regular intervals flying over the South China Sea, as they conduct “freedom of navigation” exercises. In reality, these provocative and dangerous gestures are a reminder to China of American military capacity.
China appears immune to American warnings. Their influence is spreading with the BBC reporting in July that, “China claims sovereignty over almost all the South China Sea, which the US has challenged”. The South China Sea – part of the Pacific Ocean and flowing past Vietnam, the Philippines, Malaysia, Borneo and Singapore – signifies one of the world’s most important trade routes.
In May, China detailed plans to construct a $900 billion modernized version of the old Silk Road – which was an ancient network of trade routes. For about 1,600 years, the old Silk Road connected China eastwards to the Korean peninsula and Japan, and as far as Europe and Africa westwards.
The old Silk Road collapsed in the mid-15th century, mainly due to the long-time spread of diseases along the route,
such as anthrax and bubonic plague. China lost half its population to plague in the 14th century, with Europe losing a third of theirs.
Crimea return to Russia also stood as a response to the vicious Western-led coup in the Ukraine. The Kiev regime is in reality a far-right government led by billionaire Petro Poroshenko. In June it was reported he had a 1% public approval rating according to the Kyiv Post.
Poroshenko’s administration is the most corrupt in Europe, with direct links to neo-Nazi groups fighting in eastern Ukrainian regions like Donetsk and Donbass. Virtually none of these unwanted facts are reported to Western audiences.
Furthermore, Russia’s intervention in Syria by defeating Western-backed opposition terrorists, also underlines the loss of US control in the Middle East. An outcome like this would have been unthinkable a decade ago. Disastrous American interventions in the Middle East have resulted in a significant decline of influence there too.
The Duran / AA Magnum Analyst Blog News Site 2017.