1. Among Very Serious People the real argument for American global hegemony is not freedom or democracy but stability.
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Excess leverage driven by fraudulent valuations led to the 2008 financial collapse. Weak recovery is a result of bad fiscal & monetary pol.
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8. And President Trump is a destabilizing force in countless ways (erratic, mixed messages from POTUS & staff, & alt-right alliances).
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9. Or take Climate Change, a urgent issue requiring international leadership. Is USA stabilizing or destabilizing on climate?
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power corrupts and global superpower corrupts super globally
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Casino capitalism has entered my vernacular. Excellent descriptor.
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That argument also seems true for the economic disasters of 1929 and 1971. Perhaps a generational pattern?
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