Category Archives: Western Hegemony’s Collapse

Western Hegemony’s Collapse

China’s First Robotic Road Construction

China has completed the world’s first fully unmanned paving construction project!

Unmanned construction drone swarms paved and rolled across a 157.79km stretch on the Beijing-HK Expressway, completing the world’s first fully unmanned road paving project!

Humans were there to secure and observe in case something goes wrong, as with all autonomous projects in the beginning.

High-speed surface construction has extremely high requirements for rolling equipment and operation technology.

This time, multiple Sany high-end unmanned road equipment were used, including a 20-meter wide paver, six 13-ton double steel wheel rollers, and three 30-ton rubber wheel rollers.

The 1+3+3+3 lineup formed a huge construction fleet, and the standardized operation of the fleet was achieved by relying on intelligent scheduling algorithms.

Beidou’s centimeter-level high-precision positioning system and the self-built low-latency communication network implement real-time optimal path planning for the fleet in strict accordance with the rolling process requirements, achieving “close following and slow rolling”, avoiding missed pressure or under-pressure, and ensured rolling quality.

What is particularly striking is that the SAP200C-10 large-width unmanned paver deployed by Sany this time achieved one-time paving with a paving width of 19.25 meters in actual construction, which is the first time in the field of domestic and even international road construction.

The SAP200C-10 paver is a construction tool designed for wide-width asphalt construction on high-speed 2-lane to 4-lane roads. In this project, the SAP200C-10 large-width paver not only greatly improved construction efficiency and reduced the number of joints, but also effectively improved the flatness and durability of the road surface.

The Sany drone swarm used in this project, through high-precision path tracking algorithms and self-developed fusion high-precision self-sensing positioning systems, can accurately identify and locate the curbstones, truly achieving “0” edge-to-edge operation. No small roller is needed for edge trimming, and the road surface is formed in one step, greatly improving the work efficiency and quality.

Construction site safety is a top priority, and safety is even more important for drone swarms. The unmanned spreading machine swarm obtains the full operating status of all equipment and surrounding obstacle information in real time.

The drones are equipped with multiple redundant safety protection strategies such as collaborative safety, electronic fences, emergency stop systems, perception and obstacle avoidance systems. According to the risk level, the equipment can be decelerated, paused, and emergency stopped in real time to ensure operation safety.

This attempt is undoubtedly a major breakthrough in traditional paving technology, marking a double leap in China’s road construction technology in terms of width and efficiency.

On the afternoon of the 27th of september, the paving project controller Hubei Communications Investment, the project general contractor China Railway 11th Bureau & the construction unit Liaoning Guotai Road and Bridge jointly completed the unmanned clustered intelligent paving and rolling operation on the large-width road surface. All of these groups are state owned.

The machinery was provided by Sany Group, a mixed ownership firm, successfully completing the industry’s first unmanned paving construction demonstration on the largest width road surface and the largest scale, marking a new step in the level of intelligent construction of China’s highway construction.

Israeli Rampage, a New U.S. Proxy War?

by Gilbert Doctorow

The Israeli rampage in the Middle East is in fact a new U.S. proxy war to avenge its humiliations there in the last two decades

Today I was given the opportunity to set out a very different explanation of U.S. policy in the developing regional war in the Middle East/West Asia from what my peers are saying, or from what I myself would have said two weeks ago.

The generally accepted view on the U.S.-Israeli relationship in this war was repeated earlier today by Colonel Douglas Macgregor, a widely watched military expert.  He said that it appears the U.S. is now flying blind in the region, or to put it another way is on auto-pilot, following two steps behind Israel.

However, by his own acknowledgment, the successful Israeli bombing of the Hezbollah headquarters and decapitation of its leadership in downtown Beirut was made possible only by direct United States  support. The 86 two-ton bombs dropped on the residential buildings to tear deep underground and do the job were American supplied. The intelligence on the whereabouts of the intended victims was provided by the United States, which also brought its AWACS into play off the coast of Lebanon long enough to provide actionable information to the Israelis for their strike.

Let us put it another way:  the United States provided Israel with what it needed to do what the United States wanted done. After the confirmed killing of the 30 years plus leader of Hamas, US. officials said the dead man had the blood of American servicemen on his hands and it was good that he had been eliminated.

Then let us consider what Western media are reporting about the limits that Washington is putting on Israel’s coming retaliatory strike at Iran for the ballistic missiles that Iran fired at military targets in Israel a day ago. We are told that Joe Biden has warned Netanyahu against hitting any nuclear sites in Iran. That radical solution to the Iranian nuclear weapons program would surely bring the Russians directly into the conflict given that they are about to sign a comprehensive cooperation agreement later this month with a defense component that effectively makes the countries allies. Since the Americans are duty bound to defend Israel, they would then be fighting Russia, the nuclear superpower, something that the Biden administration is loathe to do. The Israelis are also being instructed not to hit oil and gas installations in Iran since that would drive up global energy prices and do great harm to the chances of the Democratic candidate Kamala Harris.

Does this not sound like Washington’s prohibition on Kiev’s use of ATACMS, Storm Shadow and other long range Western supplied missiles against the heartland of Russia?  In both cases, the beneficiary of U.S. military support is being deprived of the possibility of doing great harm to its enemy in a war for survival. The explanation for this similarity is ready to hand: the Israeli rampage in the Middle East is being directed from Washington in the same way as Kiev’s invasion of Kursk and other military operations against Russia are directed from Washington.

Washington is now ready to see Netanyahu fight to the last Israeli to tame the neighborhood for the sake of its Big Brother across the Atlantic.  The destruction of the neighborhood by ‘our boy’ in Jerusalem is surely seen by the Neocons who still control the levers of power in Washington as suitable retribution for the humiliations the United States experienced in each of the wars it has ignited or joined in the Middle East over the past two decades. Clipping the wings of Iran has been not only an obsession of Netanyahu; it has been an obsession of successive U.S. administrations since that of Jimmy Carter.  Let us remember that the USA is a vengeful and cruel superpower.

I say the Jewish State is being asked to fight to the last Israeli in the knowledge that Israel is being destroyed economically and politically while committing genocide in the neighborhood. The Israeli economy is taking enormous losses from this war which has barely begun, not from destruction of infrastructure by the enemy, as in the case of Ukraine, but by loss of access to shipments of essential raw materials inputs for production, in loss of manpower to operate production since the Israeli army is a nation at arms.

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I take the analytical approach to the Middle East conflict set out above following the logic that the Kremlin used to explain its decision to change its nuclear doctrine a week ago. They have lowered the threshold on use of nuclear weapons and specifically state that they may respond with nuclear arms if attacked by a non-nuclear power that is assisted in the aggression against Russia by a nuclear power.  That overturns the normal prohibition on use of these weapons against non-nuclear states and moves the threat also to the nuclear co-belligerent, meaning the USA.

The reason for this change is that the Kremlin sees that the United States has moved away from its longstanding doctrine of global nuclear attack using its triad. With the advances of Russian weaponry, the States understand that an attempted decapitating blow would not prevent Russia from still launching a massively destructive counter blow using unstoppable hypersonic missiles. So, instead, Washington is pursuing proxy wars aimed at decapitating the nuclear capabilities of an adversary like Russia but leaving the States at one remove and claiming to be uninvolved.

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I fully understand that the contrarian view of the relationship between Israel and the USA set out above will meet objections from those who insist that Israel has bought up Congress through its lobbying activities. Reconsidering the actual relations today is only held up by the vanity of these objectors.

There are also other objectors to what I have proposed who ask incredulously how the USA could approve of the Israeli genocide in Gaza which has killed over 40,000 civilians, mostly women and children.  To this I answer firstly that the continued supply by Washington to Israel of the munitions necessary to carry out the genocide speaks for itself.

But I have another argument to add to this. I ask the objectors to open their minds to the reality of a vengeful superpower that has itself committed mass murder of civilians on a far vaster scale. We may put to a side the atomic bombing of Nagasaki and Hiroshima as something from the distant past.  But what about the entirely illegal invasion of Iraq undertaken by George Bush which killed perhaps as many as 1,000,000 civilians when the American forces stormed through the country on a wave of ‘shock and awe.’ Or what about the way tens of thousands of civilians in Iraq were allowed to die in the decade before the invasion for lack of medicines caused by U.S. sanctions on the Hussein regime?

Biden, the Warmonger Clown

Scott Ritter is no stranger to speaking truth to power. Here is a video of him staring down then Senator Joe Biden over US WMD in Iraq claims. History would prove Ritter right and Biden wrong.

Iran-China Transport Railroad has Officially Started

The first freight train from Iran has departed to China, as well as one from China to Iran.

• Right now, there’ll be 1 train per week, this will increase to 1 train per day.

• The transit time of cargo and goods in a container train is 1/3 of the time of the ship.

• With the launch of this train route, the 1st phase of the China-Iran-Europe east-west corridor was implemented. We can soon expect Iran to become a major railway hub connecting the east with the west.

How Fast Superpowers Can Collapse

In early 1991, Soviet citizens voted on the New Union Treaty which proposed to reform-rather than dissolve-the USSR. 76% of Soviet voters ultimately supported maintaining the federal system of the Soviet Union, including a majority in nine of the 15 republics. A year later, however, the USSR didn’t exist.

In 2021, an astonishing 66% of Southern Republicans and 50% of independents were in favor of secession. The West Coast also showed strong support for secession but of a different political flavor, this time being mostly supported by Democrats.

In this sense, the U.S. is already in more of a precarious situation than the USSR was in early 1991…

Prof. Jeffrey Sachs: US More Unstable Ahead

‘Don’t expect any miracles, even stability, necessarily, from the United States. The US is going to be unstable and unpredictable after November, no matter what happens.’

– Prof. Jeffrey Sachs warns the world on Going Underground

FULL INTERVIEW: https://rumble.com/v51mee5-prof.-jeffrey-sachs-on-ukraine-gaza-and-taiwan-the-us-is-risking-all-out-wa.html

Western Hegemony is Over

Russia intends to fight for a “new polycentric world,” Foreign Ministry spokeswoman Maria Zakharova has said at SPIEF

The concepts of hegemony and global dominance, which the Collective West clings to, have no place in the multipolar world order – which is already becoming a reality, Russian Foreign Ministry spokeswoman Maria Zakharova said on Saturday.

Speaking at a panel discussion on new norms of international relations at the St. Petersburg International Economic Forum (SPIEF), Zakharova slammed Western governments for resisting the structural changes which have already started with regard to the self-organization of nations and their interactions with other states.

“We are talking about polycentrism, a departure from previous norms, and we see the desperate resistance of the Collective West… They see the norm differently – as their own dominance, as a world order based on one rule – that they must dominate as before, and everyone must do only what the dominant allows them to do,” she stated, adding that the drive for dominance has only ever “led humanity to monstrous tragedies,” including colonialism and Nazism.

“Today it is hegemonism, an obsession with domination, a painful pseudo-messianic idea of [the West’s] global mission… But neither people nor states can declare themselves as missionaries, only history can prove whether their mission was good or based on unhealthy ideas,” Zakharova said.

She added that the ideas of global dominance, of the exceptionalism of some nations amid the destruction of ethnic and cultural identities of others have repeatedly been expressed by Western leaders. She went on to say that these ideas are not shared by the global majority, which has already embraced the concept of multipolarity.

“We should not forget, they are a minority – the Collective West… their worldview is shared by no one except for them,” she said, citing memorandums adopted by multinational blocs as the Russian-led BRICS group, the Shanghai Cooperation Organization, African Union, and others, in which member states commit to forming a multipolar world order.

“The SCO… covers 3 billion people – half of humanity… BRICS covers over 30% of the Earth’s land mass, 45% of the world population – some 3.5 billion people, and 33% of global GDP… 3% more than the GDP of the G7,” she stated.

Zakharova noted that even in the West, some analysts claim that “the US has not been a world hegemon for a long time,” while “its actions in the international arena have led to the destabilization of world politics.” However, until there are significant changes in policy and ideology, Russia and its global allies have “a long struggle ahead” to form a truly polycentric world order, she said.

“While our cause is not simple, it is worthy and noble. And we will walk this path as a global majority. We don’t call it a mission, though, we call it our goal and objective.”

“US Is Inevitably Headed For A Serious Economic Crisis”

via ZeroHedge

Last September, we told readers that the US national debt was skyrocketing at a staggering $1 trillion every three months—roughly every 100 days.

Total US Debt surpasses $33 trillion for the first time.

For those keeping tabs, the US added $1 trillion in debt in three (3) months. pic.twitter.com/9eJVnX1YnZ

— zerohedge (@zerohedge) September 18, 2023

Since then, the debt spending has gotten worse.

And we’re off: US debt rises by $89BN on the last day of February, to $34.471 trillion, a new record high

Debt has increased by $280BN in February and by $470BN in the first two months of the year.

At this pace debt will hit $37 trillion by year-end and $40 trillion by the end… https://t.co/eETiO355MG pic.twitter.com/GFbkzkY7oE

— zerohedge (@zerohedge) March 2, 2024

Lesson 1: how to increase total debt by $1 trillion every 100 days pic.twitter.com/rzANo8e7Ro

— zerohedge (@zerohedge) April 8, 2024

And by “strong economic performance” you mean $1 trillion in debt every 100 days https://t.co/HamDPdS7tx

— zerohedge (@zerohedge) May 23, 2024

Out-of-control spending has delayed the US economy’s day of reckoning in this year’s presidential election cycle. But it has become very evident an economic crisis looms in the years ahead.

One River Asset Management CIO, Eric Peters, recently said, “I have a growing conviction that in the coming 2-5 years, we’re going to face a US debt sustainability crisis, sparking a major global market event.”

BofA CIO Michael Hartnett recently noted what we said previously about the unsustainable debt explosion

And now, fresh comments from Andrey Kostin, CEO of Russia’s second-largest bank, have emerged—comments that Western mainstream media dare not share with their audiences. Why is that? … Well, the Washington censorship blob wouldn’t allow it.

Russian state-owned news agency TASS cited Kostin’s interview with the Fontanka publication, who warned if it wasn’t for the dollar’s status as the world’s reserve currency, a sovereign debt crisis would’ve already been underway in the US. No matter what, he warned the US economy is on the verge of an economic crisis.

“I am thoroughly convinced that America is inevitably headed for a serious economic crisis. The amount of debt currently held by the US today has reached inconceivable, astronomical levels. And the dollar’s monopoly on the global stage is the only thing enabling the Americans to maintain such a level of debt. If the Chinese or the Arabs took their money out of the US, a complete collapse would ensue for the financial sector and the government,” he said.

Kostin added:

“If the West fails to revise its policy I think that the move toward the collapse of the colonial system will only accelerate.”

Kostin noted that China has been disposing of US government debt. Last month, we asked: “Is China’s ‘Dumping’ Driving US Treasury Yields Higher?”

China’s Treasury holdings are back to levels not seen since June 2009.

It’s not just China. Treasury holdings are ‘relatively’ flat (based on Fed custody data), while according to The IMF, the world’s sovereign nations have been panic-buying gold.

It’s not just Kostin sounding the alarm about a looming US debt crisis — Wall Street analysts have echoed the same dire warnings.

Here’s a question: What ever happened to the economic collapse of Russia via endless Western sanctions?

The Reign of the U.S. Dollar is Coming to an End

by Brian Shilhavy
Editor, Health Impact News

In an event that was barely covered in the western media last week, Russian President Vladimir Putin made a 2-day visit to China to meet with his counterpart, Chinese President Xi Jinping.

A lot of the western media coverage seemed to be infatuated with the fact that the two of them hugged each other in public, which was allegedly unprecedented, and that spawned dozens of articles of corporate media conspiracy theories about what it was that made them so happy with each other.

But details of the meeting are now beginning to emerge, especially as some sources have begun translating Russian and Chinese versions of descriptions of what happened during the meetings into English.

And if these English reports are accurate, it is no wonder as to why the two were so happy, as it appears that the U.S. Dollar’s supremacy as the world’s reserve currency is on the way out as the rest of the non-western world is rapidly abandoning the U.S. Dollar, which spells doom for the United States, and the ultimate end of the U.S. Empire as the world’s most powerful nation.

And now add to that the news of the suspicious death of Iran’s President that happened this weekend after I started to write this article, and perhaps we now can see clearer into the future to understand what is about to happen next.

It’s not a pretty picture, at least not for Americans.

Putin’s Visit to China

Eric Peters, CIO of One River Asset Management, wrote the following today on an article published on ZeroHedge News:

The Chinese/Russian joint statement reads like a playbook for how to create a fully independent political and economic zone.

  • For Industry – develop civil aircraft construction, shipbuilding, carmakers, machine tool industry, electronics industry, metallurgy, iron ore mining, chemical industry, and forestry.
  • For Agriculture – expand mutual access of agricultural products, increase the volume of trade in soybeans, pig breeding, water production, grain, fat and oil, fruits and vegetables, nuts, and other products.
  • For Energy – strive for the stability and sustainability of the global energy market, strengthening value chains in the fuel and energy complex. Develop market-based cooperation in the field of oil, natural gas, LNG, coal, and electricity, ensure the stable operation of relevant cross-border infrastructure and the creation conditions for unimpeded transportation of energy resources.
  • For Nuclear Energy – deepen partnership in peaceful nuclear energy. Including thermonuclear fusion, fast neutron reactors and the closed nuclear fuel cycle.
  • For Taiwan – Russia reaffirms its commitment to the principle of ‘One China’, recognizes that Taiwan is an integral part of China, opposes the independence of Taiwan in any form, and firmly supports the actions of the Chinese side to protect its own sovereignty and territorial integrity, as well as to unify the country.
  • For Ukraine – The Russian side positively assesses China’s objective and unbiased position on the Ukrainian issue. China supports the efforts of the Russian side to ensure security and stability, national development and prosperity, sovereignty, and territorial integrity, and opposes outside interference in Russia’s internal affairs.
  • For Technology – develop cooperation in information and communication technologies, including artificial intelligence, communications, software, Internet of things, open source, network and data security, video games, radio frequency coordination, specialized education, and industry research activity.
  • For Markets – increase the share of national currencies in bilateral trade; encourage debt issuance in both markets; develop insurance and financial markets. This process is clearly already underway. And so is their retreat from US markets.

Disentanglement:

The West froze over $300bln of Russian reserves following the Ukraine invasion.

Moscow will not be buying our bonds again. 

China has been reducing its US Treasury and agency bond holdings since 2022.

It sold another $53.3bln worth in Q1. 

Holdings are down to $767bln, a level last seen in 2009.

Indeed, ever since the U.S. cut Russia out of the western-backed SWIFT banking system after the war in Ukraine broke out, and then seized their U.S. dollar assets more recently, what did they think the rest of the world would do?

Non-western countries in the rest of the world are rushing as fast as they can to reduce and eliminate their dependency on the U.S. dollar.

And this has not happened in a reactionary way that has surprised the Globalists in the U.S., of whom some foreign powers are now referring to as “America’s Oligarchs“, as at least one American economist who has worked for Joe Biden since his days as vice-President under Obama has been predicting this flight from the dollar for years, and trying to spin it in a positive direction.

Putting More Pressure On The Dollar

State%20Dept.jpg

Over the weekend, the U.S. State Department posted about seizing Russia’s sovereign assets in the U.S. and encouraging other G-7 members to do the same.

The downsides of the United States doing this when it has persistently large fiscal and trade deficits would seem obvious, but apparently they’re not.

Other countries that aren’t allied/subservient to the U.S. will be less comfortable holding U.S. dollar assets, out of fear that their assets might be summarily seized as well at some point.

In fact, that already seems to be happening, as China just sold a record amount of U.S. Treasury bonds.

Vladimir Putin Envisions De-Dollarization

Near the end of President Putin’s state visit to China, he fielded questions from Russian media in Harbin.

In response to one question about an issue with the settlement of payments between Russia and China, Putin spoke about the extraordinary benefits America has gained from issuing the world’s reserve currency, and how recent American policy had undermined confidence in the dollar.

He concluded that the process of countries moving away from dollar settlements had begun and could not be stopped (text via the Kremlin, translated by Google):

All countries of the world trust the American economy, its power and its stability and take these pieces of paper.

But this gives a huge, seemingly inexplicable advantage to the American economy and financial system. They can also be assessed directly, in certain numbers.

According to our experts, this is over 10 trillion dollars, simply unearned money that fell from the sky due to the use of the dollar as a reserve world currency.

In general, the obligations of the American monetary system to the rest of the world are approximately $53.4 trillion.

But as, for political reasons, the United States authorities undermine confidence in the dollar, they weaken their main, main, most important instrument of their power – the dollar itself.

They cause irreparable damage to themselves. That is, to put it trivially in our well-known sayings, they are simply sawing off the branch on which they themselves are sitting.

This is terrible stupidity. But they can’t stop.

There are disadvantages for us in that we are forced to look for other opportunities.

But there are also advantages, because a situation in which one side dictates its will to the rest of the world, including in the political sphere, using financial and economic instruments, is unacceptable.

And all the countries of the world, I assure you, you only need to look at the volume of reserves and how they decrease in dollars.

The whole world is reacting to this. I think this process is inevitable.

We are, of course, transitioning, and this is the right process.

It is associated with certain costs and difficulties, but on the whole it is correct when we talk about switching to national currencies in settlements or creating some other settlement instruments with other countries.

This process is underway, it has begun, it can no longer be stopped. 

Maybe The Biden Administration Wants This To Happen

On Sunday, Balaji Srinivasan, the Stanford PhD engineer-turned-entrepreneur (in genetics and crypto) shared a post on X that included a GIF of screen captures of Jared Bernstein’s op/eds over the last ten years calling for dethroning King Dollar.

Jared Bernstein was then-Vice President Biden’s chief economist and is currently the head of President Biden’s Council of Economic Advisors. Here’s the full text of Srinivasan’s post:

DEDOLLARIZATION → REINDUSTRIALIZATION?

In theory, dedollarization enables reindustrialization. Because if you can export dollars, why build anything else? You make 99.99+ cents on the dollar for a new dollar. It’s a very high margin good, made with zero effort and zero pollution. Why make screws or bolts or planes or trains if you can literally print money? Let someone do that overseas.

That was the logic of the ~1971-2021 era. But the problem arises when people at home and abroad start realizing they’re getting diluted to prop up the dollar. Or when you’re in a military standoff with China, and fiat currencies are suddenly less valuable than actual factories.

In that case, if you want to build things in America, you need to stop printing things in America. And that’s why everyone from sober financial analysts like Luke Gromen to Biden advisors like Jared Bernstein have talked about dethroning the dollar, as per the gif below.

The problem is that it’s much easier to launch currencies than to build factories.

China spent the last 45 years shaping their economy into an industrial powerhouse, while the US spent those decades de-industrializing, regulating, and offshoring.

Like the US, China does have a high-tech culture, but they also have a low-tech and medium-tech culture — a culture of skilled laborers and factory workers.

It is very nontrivial to bring that back to the US. The best case outcome might actually be to leapfrog with robotics. So you better pray for @elonmusk and @adcock_brett and @kvogt to get humanoid robots working. Of course, Washington DC has fought AI and self-driving every step of the way, so they’ll probably fight robots too.

And if that doesn’t happen — if the robotic leapfrog hits a roadblock, such as the fact that many pieces of the robotics supply chain are still made in China — we’re headed for a tough situation.

It’s one where DC loses first its physical power and then its financial might, maybe overnight. Because you don’t just instantly get back the factories when the world dethrones the reserve currency.

Source.

As I have written numerous times since the 4th quarter of 2022, the technology in the U.S. is CRASHING and is still bleeding jobs, while they continue to invest $billions in technology that PRODUCES NOTHING, like AI, which just allows access to data at a faster speed, but produces nothing new.

ALL of the investments into the current technology are based on hype and mis-guided faith, like the myth that robots can replace humans.

The U.S. economy will crash, and it will not be a “soft landing.”

Once the U.S. dollar is dethroned as the world’s economic currency, life in the United States will never be the same.

Look around you at the people and things you cherish, and be prepared to lose them, because the U.S. is living on borrowed time right now.

A Pessimistic Economist Laments The End Of Order

via Moon of Alabama

The magazine for and by multi-millionaires and billionaires, The Economist, warns that the end is imminent:

The liberal international order is slowly coming apart – (archived)
Its collapse could be sudden and irreversible

For years the order that has governed the global economy since the second world war has been eroded. Today it is close to collapse. A worrying number of triggers could set off a descent into anarchy, where might is right and war is once again the resort of great powers. Even if it never comes to conflict, the effect on the economy of a breakdown in norms could be fast and brutal.

It is, in my view, true that the ‘liberal international order’, which after World War II largely regulated world trade and politics is in demise.

But who’s fault is that?

The examples The Economist gives to support its central claim point to one culpable nation:

As we report, the disintegration of the old order is visible everywhere. Sanctions are used four times as much as they were during the 1990s; America has recently imposed “secondary” penalties on entities that support Russia’s armies. A subsidy war is under way, as countries seek to copy China’s and America’s vast state backing for green manufacturing. Although the dollar remains dominant and emerging economies are more resilient, global capital flows are starting to fragment, as our special report explains.The institutions that safeguarded the old system are either already defunct or fast losing credibility. The World Trade Organisation turns 30 next year, but will have spent more than five years in stasis, owing to American neglect. The IMF is gripped by an identity crisis, caught between a green agenda and ensuring financial stability. The un security council is paralysed. And, as we report, supranational courts like the International Court of Justice are increasingly weaponised by warring parties. Last month American politicians including Mitch McConnell, the leader of Republicans in the Senate, threatened the International Criminal Court with sanctions if it issues arrest warrants for the leaders of Israel, which also stands accused of genocide by South Africa at the International Court of Justice.

It is the U.S., the country which arguably benefited the most from the liberal international order, which is actively destroying it.

Others, if they did not attract random U.S. rage and war against them, also saw some benefits from it. Those small to medium countries will most likely lose out should the current regime collapse.

That would not be unprecedented:

Unfortunately, history shows that deeper, more chaotic collapses are possible—and can strike suddenly once the decline sets in. The first world war killed off a golden age of globalisation that many at the time assumed would last for ever. In the early 1930s, following the onset of the Depression and the Smoot-Hawley tariffs, America’s imports collapsed by 40% in just two years. In August 1971 Richard Nixon unexpectedly suspended the convertibility of dollars into gold; only 19 months later, the Bretton Woods system of fixed-exchange rates fell apart.

Similar ruptures, like the examples above again caused by the U.S., may happen soon.

Interestingly the Economist does not name a solution or way to avoid it. It sees a collapse coming, blames -more or less- the U.S. for causing it, but does not point to way out of it.

That is an uncharacteristically pessimistic view for writers who otherwise like to paint a positive picture for those with big money.