Friday, November 02, 2018

America’s Skull: Crumbling or just Thin?

A curious and fraught imbalance has developed between the three major international powers—the US, Russia and China. As the latter two grow stronger and, together with their neighbors, coalesce into a cohesive and cooperative Eurasian whole, the former, sinking into a morass of its own making, is growing increasingly desperate and is starting to act out in ways that are economically and militarily provocative, if not outright self-destructive. From sanctions to tariffs to saber-rattling, the US refuses to fade out quietly. Russia’s and China’s responses to these provocations have been measured and cautious.


Thus, neither China, nor Russia have much to fear from the US in spite of its military and economic belligerence, which is increasing along with the desperation of its ruling class—or should I say its owners. You see, the US is not so much a country as a country club: it’s very much a members-only affair, while everyone else, be they native-born or guests, is welcome to serve the oligarchy for as long as they remain useful. After that they are free to die on the streets as bums.

And the oligarchy has every reason to be extremely worried. Their wealth is primarily denominated in money (this may seem like a tautology, but it isn’t: money≠wealth). In turn, the future value of money is dependent on the future level of economic activity, which in turn is dependent on access to energy that makes economic activity possible. That energy comes primarily from fossil fuels. Yes, it’s all still about oil: no oil—no industry—no money, and a lot of hysterical, angry oligarchs.