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Wednesday, 7 January 2015
2014, The Year US-led Capitalism Became Exposed as Root of Global Conflict
by Finian Cunningham, Strategic Culture, 03.01.2015
Historians may look back on 2014 as a defining watershed in geopolitical events, the year when the limit of American power was exposed as a waning entity and the contemporary root of global conflict.
It was the centennial anniversary of the First World War when Great Powers back then were similarly exposed in their attempts to offset inevitable demise through war. In the early 20th Century, Britain in particular was a dying hegemon, beset by rivalries from an emerging Germany and the loss of its Empire. The US was but a vigorous new power back then, which Britain was fortunately able to hitch its ailing condition to. One hundred years later, the US resembles the erstwhile British power, scrabbling to maintain its former glory as the world’s foremost power.
Russia has re-emerged as a new power on the world stage, along with China and other members of the BRICS nations. This year saw Russia and China cement strategic trade and energy partnerships that promise, through legitimate means, to deal a death blow to the decrepit American dollar as the world’s reserve currency – probably the last remaining lynchpin in the Washington’s claim to global power, apart from its over-extended military prowess.