We are witnessing the self-immolation of a superpower

nic
Thu, 22 Jan 2026 19:46:57 +0000

This interesting article provoked a lot of thought...

We Are Witnessing the Self-Immolation of a Superpower .... archive.is link

You want to destroy the Western rules-based order that has preserved peace and security for 80 years, which allowed the US to triumph as an economic superpower and beacon of hope and innovation for the world. What exactly would you do differently with your marionette other than enact the ever more reckless agenda that Donald Trump has pursued since he became president last year?

Nothing.

For the 80 years since the end of World War II, the US model of innovation, trade, and economic hegemony has been built on a foundation of six seemingly inviolable traditions and policies held steady across both Republican and Democratic administrations:

(1) easy access of immigrants to the US, particularly its unparalleled world-class schools and universities;

(2) rich and steady government support of higher education, medical research, and laboratories;

(3) broad and ever-more-frictionless trade access to US markets and, reciprocally, a flow of US products to the rest of the world;

(4) a firm, unyielding, and unquestionable adherence to the rule of law at home that made the US a predictable and safe place to create, build, and do business at home; and

(5) a similarly firm, unyielding, and unquestionable network of geopolitical alliances abroad that knitted together a security blanket that stretched around the entire globe, backed up by the most powerful and widest-ranging military ever seen in human history.

All five of those pillars helped firm up and underpin another equally critical pillar:

(6) a politically independent and fiscally prudent monetary policy that established the US dollar as the world’s safest reserve currency.

This made US Treasury bonds the savings bank for the entire world—for democracies and authoritarian regimes alike!—and made US banking networks and capital markets the place to be for any company looking for access to investors.

This last point is particularly interesting. Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades

I can't imagine a better way to create a sovereign debt crisis than Trumps policy of politicizing the Fed Reserve, sudden tariff flip flops, coercing partners, making then breaking agreements, pushing deficits to new highs, committing to unfunded tax cuts, weakening anti-inflation institutions, reducing transparency by pushing crypto, weaponizing sanctions and creating policy chaos.

Sovereign debt crises aren't a problem until they suddenly are, then all of a sudden you are in a world of hurt.

Yet most of Donald Trump supporters don't seem to care about any of this, the tea party protestors now only seem to care about hating anyone who doesn't look, act or think like them.

Once trust in institutions, alliances, and monetary independence is lost, rebuilding them takes decades and often requires crisis to force alignment. If history is any guide, that crisis wont be pretty, and might cause America to dive deeper into Authoritarianism.

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