Claudio Katz presciently analyzes shifts in the imperialist order, the mainstay of global capitalism, and weighs what the increasing social and political polarization within the United States portends for the Biden administration in the effort to restore its sagging world dominance. Katz is professor of economics at the University of Buenos Aires, as well as a researcher with CONICET (National Council for Science and Technology, Argentina) and a member of Economists of the Left. My translation from the text on his web page. * * * The United States’ failed imperial recoveryBy Claudio Katz SUMMARYThe United States seeks to regain its sagging world dominance by capturing wealth, quelling rebellions, and deterring competitors. It supports this operation with gigantic military power and a burdensome arms economy.Hybrid wars have radically transformed imperial interventionism. They have added the chaotic scene of refugees and civilian victims generated by the demolition of several states.The breakdown of internal cohesion is the main obstacle to the US imperial revival. Trump’s economic and geopolitical failures confirmed those limitations. This impotence did not reverse rearmament with new atomic devices. With greater diplomacy Biden will pursue aggressive policies while using worn out ideological covers. Full: https://lifeonleft.blogspot.com/2021/01/after-trump-what-prospects-for-biden-in.html
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