This a crucial point: USA commitment to global order depended on bipartisan elite consensus from 1945-2016 which allowed policies to survive despite popular opposition. Trump has broken than consensus. https://twitter.com/pstanpolitics/status/1005623915564040192 …
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USA was big global player without being pillar of order from late 19th century to 1941. In some ways, Trump is a returning USA to that period.
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One thing is there are no plausible alternative global hegemon. China is getting richer but has limited cultural & diplomatic reach. Europe is fraying. Russia is poor & erratic. Likeliest alternative is regional hegemons with big spheres of influence.
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reserve currency also matters way more than is sometimes understood.
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Oh you can bet that efforts to replace the dollar as a reserve currency are only going to accelerate going forward.
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Despite everything Bush was worse than Trump.
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also, companies, more than countries, do business. companies are transnational and usually skirt most international rules / restrictions quite successfully.
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Now do Canada.
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WTH are you on about the US being the "pillar of international order"? What does that even mean to the people in the countries we drone, bomb, murder and displace?
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We were already looking down the barrel of no longer being the planetary reserve currency in the medium term. Add a 19th century President to the mix, we're just accelerating our trip back to the days of banking crises every 5-8 years.
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