Bigger than Trump… Further than “Democracy”
Statements by Macron, Merkel, and other European leaders regarding the “Black Wednesday” the US lived were not statements of “solidarity”, but rather an expression of panic and fear of the horror of the scene that threatens of the “water reaching their shores”.
The first thing that should be set aside while reading the American scene is the superficiality of making Trump’s “madness” the crux of the phenomenon and its conclusion. We hear this same reading from the narrow-minded “analysts”, but most importantly, we hear it from those who try to “bury the issue” by reducing it in this amusing manner.
What happened on Wednesday is a big event, much bigger than Trump himself, and bigger than the naive discussion about “democracy” or “non-democracy” of the US model. The event is an intense expression of a crisis that has accumulated for a long time, and went through its successive phases, reaching what we saw and what we will see later.
At its roots, the crisis is an economic crisis that we have predicted since the mid-1990s. If the collapse of the Soviet Union, then the shift in the role of the stock exchange, and after that the “war on terror” delayed the surfacing of the crisis, then the financial explosion in 2008 was only the first sign of a crisis whose transition towards its economic stage was not delayed. That economic stage we saw clearly starting from mid-2019. Then we saw the social phase of the crisis, with the unemployment figure in the US reaching more than 40 million unemployed. Now, the crisis is entering its acute political phase, regardless of the temporary forms that the political conflict is taking.
The crux of the US crisis is embodied in the following facts:
- Starting in the 1980s, the real share of the US economy contribution to the global production began to decline continuously, but its political role and that of the West in general, on the contrary, was growing.
- The key word in this is economic colonialism (unequal exchange) of the rest of the world’s continents, in parallel with the global role of the dollar as the tool for siphoning global wealth.
- With the Chinese-Russian rise, along with the emergence of the euro and the exit of the dollar from an important area that was covering its astronomical inflation, the ruling US elites began to increasingly siphon more of the wealth of the American people in particular, which was reflected in the stability and then the decline of the actual value of wages.
- Since the potential ("voltage") difference between economic power and political-military power cannot go through without getting discharged in various forms, returnign to a state of equilibrium, the US has tried, starting from its “war on terror”, to ignite wars in every possible place, perchance that would allow delaying the rise of the rising powers, and delaying its (the US’s) own decline by postponing looking into the dollar’s global position, but to no avail.
We should remember well the date 6 January 2021, because it is the date that witnessed the opening of the first niche in the US political system’s wall, and behind it the entire Western system, and because the stormy history tide will pass through this particular alcove, something that will naturally take its time. However, its general results are already clear.
To be continued…