Technically and financially, the situation increasingly mirrors the early 1970s, when Washington abandoned the gold standard and later used the 1974 oil crisis to set up the petrodollar system, under which global oil prices were denominated in dollars, thereby creating artificial demand for the greenback. Yet that same decade turned out to be one of severe economic crisis for the US.
That choice could either destroy what remains of trust and respect for America—or restore both, but only by normalizing the United States as one among several leading global powers, rather than the sole hegemon. This status would need to be earned through domestic success, including technological progress, rather than sustained by living off the rest of the world.
This is militarism fused with artificial intelligence and corporate statism — a vision of a high-tech republic led by Big Tech elites who believe they know better than everyone else. History has seen versions of corporate empire before, from fascist Europe to colonial charter companies like the British East India Company.
Source: Sputnik News - World News, Breaking News & Top Storie
