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Assessing the BRICS Expansion: Debunking Expectations | Mises Wire

Posted by M. C. on October 4, 2023

In the end, many of the group’s goals, such as dedollarization or regulating the price and quantity of oil and minerals, seem unlikely or impossible. Meanwhile, the goal of escaping US hegemony, if achieved, could just lead to Chinese hegemony. However, the biggest contradiction of the BRICS agenda is revealed in Xi Jinping’s closing speech when he advises the BRICS nations to avoid hegemony, bloc-building, and sleepwalking into a ”new Cold War”—given that his vision for BRICS is to build and dominate a large bloc to counter the US and the G7.

https://mises.org/wire/assessing-brics-expansion-debunking-expectations

Antonio Graceffo

At the conclusion of the BRICS summit in Johannesburg on August 24, 2023, it was announced that the five-country grouping of Brazil, Russia, India, China, and South Africa, had invited six more countries to join: Saudi Arabia, the United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina. The new memberships, which will take effect in January 2024, were called “historic” by Chinese leader Xi Jinping, while Vladimir Putin, unable to travel due to an International Criminal Court warrant, remotely congratulated the new BRICS members and pledged to expand the group’s global influence.

Given the economic and political conditions in most of the member countries, however, as well as conflicts between them and diverging interests, the goals of the expanded BRICS group are largely unachievable. In the end, if successful, BRICS will replace US hegemony with Chinese hegemony.

Goldman Sachs economist Jim O’Neill came up with the acronym BRIC in 2001 to designate the four rapidly growing economies (South Africa was not yet included), which he predicted could be among the world’s largest by 2039. In recent years, Xi Jinping has promoted BRICS as a rival to the Group of Seven (G7), but it remains loosely organized and has no institutions or currency of its own. China, Russia, and, to some extent, India hold most of the political and economic influence in BRICS.

Those who believe that BRICS will disrupt the international order can cite several impressive statistics. With the accession of the new members, BRICS countries will contribute an additional 400 million people for a combined 46 percent of the world’s population. They will also account for 37 percent of global gross domestic product (GDP) (more than the G7), 42 percent of world oil production, and significant percentages of various critical minerals. What is more, the group is expected to grow: forty countries have expressed interest in joining.

Members believe BRICS will acquire soft development loans backed by China, champion their own interests, dedollarize their economies, counter US hegemony, and increase revenues from minerals and oil. Each of these points is discussed below.

Lack of Shared Interests

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Washington’s Delusion of Endless World Dominion – TomDispatch.com

Posted by M. C. on March 24, 2021

Despite its name, the Global War on Terror after 2001 was actually fought, like the Cold War before it, at the edge of Eurasia. Apart from the invasions of Afghanistan and Iraq, the Air Force and CIA had, within a decade, ringed the southern rim of that landmass with a network of 60 bases for its growing arsenal of Reaper and Predator drones, stretching all the way from the Sigonella Naval Air Station in Sicily to Andersen Air Force Base on the island of Guam. And yet, in that series of failed, never-ending conflicts, the old military formula for “containing,” constraining, and dominating Eurasia was visibly failing. The Global War on Terror proved, in some sense, a long-drawn-out version of Britain’s imperial Suez disaster.

https://tomdispatch.com/washingtons-delusion-of-endless-world-dominion/

Washington’s Delusion of Endless World Dominion

China and the U.S. Struggle over Eurasia, the Epicenter of World Power

By Alfred McCoy

Empires live and die by their illusions. Visions of empowerment can inspire nations to scale the heights of global hegemony. Similarly, however, illusions of omnipotence can send fading empires crashing into oblivion. So it was with Great Britain in the 1950s and so it may be with the United States today.

By 1956, Britain had exploited its global empire shamelessly for a decade in an effort to lift its domestic economy out of the rubble of World War II. It was looking forward to doing so for many decades to come. Then an obscure Egyptian army colonel named Gamal Abdel Nasser seized the Suez Canal and Britain’s establishment erupted in a paroxysm of racist outrage. The prime minister of the day, Sir Antony Eden, forged an alliance with France and Israel to send six aircraft carriers to the Suez area, smash Egypt’s tank force in the Sinai desert, and sweep its air force from the skies.

But Nasser grasped the deeper geopolitics of empire in a way that British leaders had long forgotten. The Suez Canal was the strategic hinge that tied Britain to its Asian empire — to British Petroleum’s oil fields in the Persian Gulf and the sea lanes to Singapore and beyond. So, in a geopolitical masterstroke, he simply filled a few rusting freighters with rocks and sank them at the entrance to the canal, snapping that hinge in a single gesture. After Eden was forced to withdraw British forces in a humiliating defeat, the once-mighty British pound trembled at the precipice of collapse and, overnight, the sense of imperial power in England seemed to vanish like a desert mirage.

Two Decades of Delusions

In a similar manner, Washington’s hubris is finding its nemesis in China’s President Xi Jinping and his grand strategy for uniting Eurasia into the world’s largest economic bloc. For two decades, as China climbed, step by step, toward global eminence, Washington’s inside-the-Beltway power elite was blinded by its overarching dreams of eternal military omnipotence. In the process, from Bill Clinton’s administration to Joe Biden’s, Washington’s China policy has morphed from illusion directly into a state of bipartisan delusion.

Back in 2000, the Clinton administration believed that, if admitted to the World Trade Organization, Beijing would play the global game strictly by Washington’s rules. When China started playing imperial hardball instead — stealing patents, forcing companies to turn over trade secrets, and manipulating its currency to increase its exports — the elite journal Foreign Affairs tut-tutted that such charges had “little merit,” urging Washington to avoid “an all-out trade war” by learning to “respect difference and look for common ground.”

Within just three years, a flood of exports produced by China’s low-wage workforce, drawn from 20% of the world’s population, began shutting down factories across America. The AFL-CIO labor confederation then started accusing Beijing of illegally “dumping” its goods in the U.S. at below-market prices. The administration of George W. Bush, however, dismissed the charges for lack of “conclusive evidence,” allowing Beijing’s export juggernaut to grind on unimpeded.

For the most part, the Bush-Cheney White House simply ignored China, instead invading Iraq in 2003, launching a strategy that was supposed to give the U.S. lasting dominion over the Middle East’s vast oil reserves. By the time Washington withdrew from Baghdad in 2011, having wasted up to $5.4 trillion on the misbegotten invasion and occupation of that country, fracking had left America on the edge of energy independence, while oil was joining cordwood and coal as a fuel whose days were numbered, potentially rendering the future Middle East geopolitically irrelevant.

While Washington had been pouring blood and treasure into desert sands, Beijing was making itself into the world’s workshop. It had amassed $4 trillion in foreign exchange, which it began investing in an ambitious scheme it called the Belt and Road Initiative to unify Eurasia via history’s largest set of infrastructure projects. Hoping to counter that move with a bold geopolitical gambit, President Barack Obama tried to check China with a new strategy that he called a “pivot to Asia.” It was to entail a global military shift of U.S. forces to the Pacific and a drawing of Eurasia’s commerce toward America through a new set of trade pacts. The scheme, brilliant in the abstract, soon crashed head-first into some harsh realities. As a start, extricating the U.S. military from the mess it had made in the Greater Middle East proved far harder than imagined. Meanwhile, getting big global trade treaties approved as anti-globalization populism surged across America — fueled by factory closures and stagnant wages — turned out, in the end, to be impossible.

Even President Obama underestimated the seriousness of China’s sustained challenge to this country’s global power. “Across the ideological spectrum, we in the U.S. foreign policy community,” two senior Obama officials would later write, “shared the underlying belief that U.S. power and hegemony could readily mold China to the United States’ liking… All sides of the policy debate erred.”

Breaking with the Beltway consensus about China, Donald Trump would spend two years of his presidency fighting a trade war, thinking he could use America’s economic power — in the end, just a few tariffs — to bring Beijing to its knees. Despite his administration’s incredibly erratic foreign policy, its recognition of China’s challenge would prove surprisingly consistent. Trump’s former national security adviser H.R. McMaster would, for instance, observe that Washington had empowered “a nation whose leaders were determined not only to displace the United States in Asia, but also to promote a rival economic and governance model globally.” Similarly, Trump’s State Department warned that Beijing harbored “hegemonic ambitions” aimed at “displacing the United States as the world’s foremost power.”

In the end, however, Trump would capitulate. By January 2020, his trade war would have devastated this country’s agricultural exports, while inflicting heavy losses on its commercial supply chain, forcing the White House to rescind some of those punitive tariffs in exchange for Beijing’s unenforceable promises to purchase more American goods. Despite a celebratory White House signing ceremony, that deal represented little more than a surrender.

Joe Biden’s Imperial Illusions

Even now, after these 20 years of bipartisan failure, Washington’s imperial illusions persist. The Biden administration and its inside-the-Beltway foreign-policy experts seem to think that China is a problem like Covid-19 that can be managed simply by being the un-Trump. Last December, a pair of professors writing in the establishment journal Foreign Affairs typically opined that “America may one day look back on China the way they now view the Soviet Union,” that is, “as a dangerous rival whose evident strengths concealed stagnation and vulnerability.”

Sure, China might be surpassing this country in multiple economic metrics and building up its military power, said Ryan Hass, the former China director in Obama’s National Security Council, but it is not 10 feet tall. China’s population, he pointed out, is aging, its debt ballooning, and its politics “increasingly sclerotic.” In the event of conflict, China is geopolitically “vulnerable when it comes to food and energy security,” since its navy is unable to prevent it “from being cut off from vital supplies.”

In the months before the 2020 presidential election, a former official in Obama’s State Department, Jake Sullivan, began auditioning for appointment as Biden’s national security adviser by staking out a similar position. In Foreign Affairs, he argued that China might be “more formidable economically… than the Soviet Union ever was,” but Washington could still achieve “a steady state of… coexistence on terms favorable to U.S. interests and values.” Although China was clearly trying “to establish itself as the world’s leading power,” he added, America “still has the ability to more than hold its own in that competition,” just as long as it avoids Trump’s “trajectory of self-sabotage.”

As expected from such a skilled courtier, Sullivan’s views coincided carefully with those of his future boss, Joe Biden. In his main foreign policy manifesto for the 2020 presidential campaign, candidate Biden argued that “to win the competition for the future against China,” the U.S. had to “sharpen its innovative edge and unite the economic might of democracies around the world.”

All these men are veteran foreign policy professionals with a wealth of international experience. Yet they seem oblivious to the geopolitical foundations for global power that Xi Jinping, like Nasser before him, seemed to grasp so intuitively. Like the British establishment of the 1950s, these American leaders have been on top of the world for so long that they’ve forgotten how they got there.

In the aftermath of World War II, America’s Cold War leaders had a clear understanding that their global power, like Britain’s before it, would depend on control over Eurasia. For the previous 400 years, every would-be global hegemon had struggled to dominate that vast land mass. In the sixteenth century, Portugal had dotted continental coastlines with 50 fortified ports (feitorias) stretching from Lisbon to the Straits of Malacca (which connect the Indian Ocean to the Pacific), just as, in the late nineteenth century, Great Britain would rule the waves through naval bastions that stretched from Scapa Flow, Scotland, to Singapore.

While Portugal’s strategy, as recorded in royal decrees, was focused on controlling maritime choke points, Britain benefitted from the systematic study of geopolitics by the geographer Sir Halford Mackinder, who argued that the key to global power was control over Eurasia and, more broadly, a tri-continental “world island” comprised of Asia, Europe, and Africa. As strong as those empires were in their day, no imperial power fully perfected its global reach by capturing both axial ends of Eurasia — until America came on the scene.

The Cold War Struggle for Control over Eurasia

During its first decade as the globe’s great hegemon at the close of World War II, Washington quite self-consciously set out to build an apparatus of awesome military power that would allow it to dominate the sprawling Eurasian land mass. With each passing decade, layer upon layer of weaponry and an ever-growing network of military bastions were combined to “contain” communism behind a 5,000-mile Iron Curtain that arched across Eurasia, from the Berlin Wall to the Demilitarized Zone near Seoul, South Korea.

Through its post-World War II occupation of the defeated Axis powers, Germany and Japan, Washington seized military bases, large and small, at both ends of Eurasia. In Japan, for example, its military would occupy approximately 100 installations from Misawa air base in the far north to Sasebo naval base in the south.

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Understanding the Failure of U.S. Foreign Policy: The Albright Doctrine | The National Interest

Posted by M. C. on June 7, 2019

As Albright famously asked Colin Powell in 1992: “What’s the use of having this superb military you’re always talking about if we can’t use it?” To her, American military personnel apparently were but gambit pawns in a global chess game, to be sacrificed for the interest and convenience of those playing.

https://nationalinterest.org/blog/skeptics/understanding-failure-us-foreign-policy-albright-doctrine-60477

by Doug Bandow

Albright typifies the arrogance and hawkishness of Washington blob.

How to describe U.S. foreign policy over the last couple of decades? Disastrous comes to mind. Arrogant and murderous also seem appropriate.

Since 9/11, Washington has been extraordinarily active militarily—invading two nations, bombing and droning several others, deploying special operations forces in yet more countries, and applying sanctions against many. Tragically, the threat of Islamist violence and terrorism only have metastasized. Although Al Qaeda lost its effectiveness in directly plotting attacks, it continues to inspire national offshoots. Moreover, while losing its physical “caliphate” the Islamic State added further terrorism to its portfolio.

Three successive administrations have ever more deeply ensnared the United States in the Middle East. War with Iran appears to be frighteningly possible. Ever-wealthier allies are ever-more dependent on America. Russia is actively hostile to the United States and Europe. Washington and Beijing appear to be a collision course on far more than trade. Yet the current administration appears convinced that doing more of the same will achieve different results, the best definition of insanity.

Despite his sometimes abusive and incendiary rhetoric, the president has departed little from his predecessors’ policies. For instance, American forces remain deployed in Afghanistan and Syria. Moreover, the Trump administration has increased its military and materiel deployments to Europe. Also, Washington has intensified economic sanctions on Cuba, Iran, North Korea, and Russia, and even penalized additional countries, namely Venezuela.

U.S. foreign policy suffers from systematic flaws in the thinking of the informal policy collective which former Obama aide Ben Rhodes dismissed as “The Blob.” Perhaps no official better articulated The Blob’s defective precepts than Madeleine Albright, United Nations ambassador and Secretary of State.

First is overweening hubris. In 1998 Secretary of State Albright declared that “If we have to use force, it is because we are America: we are the indispensable nation. We stand tall and we see further than other countries into the future, and we see the danger here to all of us.”

Even then her claim was implausible. America blundered into the Korean War and barely achieved a passable outcome. The Johnson administration infused Vietnam with dramatically outsize importance. For decades, Washington foolishly refused to engage the People’s Republic of China. Washington-backed dictators in Cuba, Nicaragua, Iran, and elsewhere fell ingloriously. An economic embargo against Cuba that continues today helped turn Fidel Castro into a global folk hero. Washington veered dangerously close to nuclear war with Moscow during the Cuban Missile Crisis in 1962 and again two decades later during military exercises in Europe.

U.S. officials rarely were prepared for events that occurred in the next week or month, let alone years later. Americans did no better than the French in Vietnam. Americans managed events in Africa no better than the British, French, and Portuguese colonial overlords. Washington made more than its share of bad, even awful decisions in dealing with other nations around the globe.

Perhaps the worst failing of U.S. foreign policy was ignoring the inevitable impact of foreign intervention. Americans would never passively accept another nation bombing, invading, and occupying their nation, or interfering in their political system. Even if outgunned, they would resist. Yet Washington has undertaken all of these practices, with little consideration of the impact on those most affected—hence the rise of terrorism against the United States. Terrorism, horrid and awful though it is, became the weapon of choice of weaker peoples against intervention by the world’s industrialized national states.

The U.S. record since September 11 has been uniquely counterproductive…

Such a philosophy explains a 1997 comment by a cabinet member, likely Albright, to General Hugh Shelton, then Chairman of the Joint Chiefs of Staff: “Hugh, I know I shouldn’t even be asking you this, but what we really need in order to go in and take out Saddam is a precipitous event—something that would make us look good in the eyes of the world. Could you have one of our U-2s fly low enough—and slow enough—so as to guarantee that Saddam could shoot it down?” He responded sure, as soon as she qualified to fly the plane.

For Albright, war is just another foreign policy tool. One could send a diplomatic note, impose economic sanctions, or unleash murder and mayhem. No reason to treat the latter as anything special. Joining the U.S. military means putting your life at the disposal of Albright and her peers in The Blob…

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madeleine-albright

 

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