HODL
· 1w
Lots of people talk about America being a late stage empire, I believe this is wrong.
My view broadly is that the American republic is dead and we’re witnessing the birth of the American empire.
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IMO America took the baton from us Brits, and had a more ‘delicate’ way of approaching empire. ‘Soft power’ is the term commonly used, and it is close enough.
The problem is ( again IMO ) that the idea was the US guarantees security to trade, and each country ‘comes onboard’ to join in the prosperity.
Unfortunately it became apparent that not everyone was happy with ‘coming along’ and they wanted to be number one.
There is some complexity and context missing there obviously, but the big picture is that the US has had to hold back that desire to overtake them mostly with said soft power, and all we are seeing now I think, is the realisation that it isn't enough. Sometimes the king has to show his power.
It became apparent a long time ago that the US was going to grow tired of granting security of global trade, only for some to use that ‘space’ to overtake them. Couple that with an ideology of others that want nothing else than to be ‘king’ of it all, and what we see now was an inevitability.
It doesn't matter who pushed what button when, only that it was always going to come.
Bitcoin never fixed this bit.
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