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The difference is that the US is not an empire. It's an economic hegemony (if you're looking at it from a relative power perspective). Its power stems from sov
by ethbr1 3y ago
The difference is that the US is not an empire. It's an economic hegemony (if you're looking at it from a relative power perspective).
Its power stems from sovereign, contiguous territory with resources, or a network of global treaties both economic and military.
In contrast, Britain was a globe-spanning empire, which disintegrated with national independence movements.
The equivalent would be if California and Texas decided to split from the United States.
And as the quip goes... the next few largest economies, including China, are pretty incentivized to keep the global economy rules as-is, because they benefit.
De-dollarization is happening, but is going to be a slow shift, with an uncertain outcome.
- throwaway4good 3y agoI think the word empire is too loaded to be useful. And mechanisms of conquest and exploitation are different. But the core mechanism is the same. And I think in two hundred years when history is written by someone who is dispassionate about it, the US empire will be seen a continuation of the UK and Dutch empires that was before it.
- ethbr1 3y agoIMHO, the Dutch arc is definitely a more sound comparison. Albeit, as you say, with the military force of the British. The key difference with the post-WWII economic world order was that the US generally tried to ensure that everyone else got theirs. Granted, the US got more, but there was insight that a global economy that benefited all was more stable than a system that left powerful economies outside, with an incentive to topple it.