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The disrupted game and ongoing ecstasy...

In many of my writings, I have emphasized that the developments aimed at making the world increasingly uninhabitable signify the collapse of a system established under U.S. leadership after World War II. I have frequently highlighted that, ultimately, this system has four pillars: military superiority, dollarization, energy control, and monopolization of economic-technological standards.


Military superiority is the subject of a highly dynamic competition. In the Cold War era, the race that began between NATO and the Warsaw Pact constantly developed their military structures. This competition brought together the most profitable sectors of capitalism. Although it seems that the superiority of the U.S. and its allies in military structures continues today, it is clear that they can no longer keep up with some developments. Strong signals suggesting the end of this superiority can be discerned in the near future.


Regarding the control of energy resources, we observe that the U.S. and the Western camp in general are no longer as dominant as before. China is now the primary consumer of energy resources. We see that China is taking significant steps to establish its own standards in these transactions. It can be argued that China is approaching Russia and other states in OPEC with attractive offers, while the U.S. is forcing unequal and producer-losing rules on these states. It is evident that the Shanghai Gold Exchange, backed by gold, and the PetroYuan system are poised to replace the Petrodollar system, which is managed with worthless papers under the control of Western banks.


The U.S. economy, which has suffered from a decade-long decline in productivity, an inability to recover, and a loss of technological superiority, especially in infrastructure, cannot renew itself. A recent incident in one of the busiest places in New York, leaving behind a crater 25 meters in diameter and 20 meters deep, symbolizes this decay in infrastructure. The U.S. economy, which is unable to redirect its massively inflated dollar assets, which it has grown to an extent that printing presses cannot keep up with, into productive economic investments to compensate for its losses, can only continue these financial pumps to keep banks and inefficient companies afloat. Internal and external debts have reached levels that cannot be repaid even if the U.S. were sold wholesale. The decrease in production, coupled with financial inflation, will inevitably lead to inflation. When this is considered along with the unemployment rate, which has been announced in the range of 6-7%, a very dire situation becomes apparent. It should be noted that the jobs held by workers are often temporary and daily jobs that sustain their lives. Today, many qualified and degreed individuals work as waiters in fast-food restaurants in the U.S. Recent figures also show a 12% increase in homelessness in the U.S. In short, we can see that the American dream is no longer as convincing as it used to be in a world like this.


Despite everything, the most essential pillar that keeps the U.S. standing is dollarization. If they lose it, the collapse of the U.S. is inevitable. We live in a world where production is decreasing, but financial assets are increasing. Unlike the 2008 crisis, we do not see a production surge from China this time. In this situation, if the dollar becomes worthless and everyone abandons it, it is expected. In reality, this is what is happening. Moreover, the use of the dollar as the reserve currency in trade transactions, despite its collapse, is relatively and artificially keeping demand alive and concealing this collapse. Moreover, it makes the whole world complicit in the collapse of the U.S. This cannot be expected to be sustainable in the long run. Indeed, BRICS, which has started as an anti-dollarization movement and gained strength with new members, is aware of this.


The Russia-Ukraine war, tensions in the Pacific, and finally, the Israel-Palestine war cannot be explained solely by regional tensions between powers. These are deliberately provoked and exaggerated through the deep crises of world capitalism. The U.S. is losing a game it created itself. There is no longer a world referred to with titles such as China-U.S., U.S.-Russia, or EU-Russia competition. So, we must evaluate the policies followed by the U.S. as policies aimed at destroying dynamics that work against it and new games that will exclude it. Another strange dynamic that accelerates this from the U.S. perspective and poses a serious risk to the world is a different kind. I will try to explain it below.


The U.S. academia loves game theory. Let's contribute to this: We can liken the U.S. to a child who set up, initiated, and supplied all kinds of equipment for a game but began to want to break it when he saw that he was failing to play the game or that other children were trying to play the game differently. The U.S., being the spoiled child of the game, is doing exactly that. Yes, it set up the game. It made the division of labor and its rules each time to make itself privileged. But it's just a game... No game goes as the game creators want. Until the 1990s, it could carry the game in its favor, albeit with its privileges and in a balanced way. The balance of the game was that it was based on competition here and there, somewhat on rivalry. Of course, this competition was also fictional. The Soviet Union was the rabbit athlete for the U.S. But it worked. In the 1970s, as the rabbit athlete began to tire the main athlete, the U.S. began to push him. (Economist Samuelson wrote, "Maybe they will surpass us.") In the 1970s, when the U.S. began to see the rabbit athlete as a snake and started to consider it as a real rival, it suddenly lost its rival (So, in 1970, the U.S., which was challenged by the USSR, was successful in this, but it turns out that it owed its success not to itself but to the fatigue of its rival. Otherwise, it was already finished). In the 1970s, the U.S., which began to see the snake as its real rival, lost the USSR, and it emerged from the collapse of the USSR with an empty triumphalism. Now, nothing could stop it. The processes that ideologically excluded it from Germany and Japan, which it considered its ally, not the USSR, were what defeated it. China, which it separated from the USSR and included in the World Trade Organization, has completed this. China, which has grown enormously, has now turned its back on the U.S. and does not listen to it.


In short, the U.S. is messing up the game. What a situation for those who still insist on walking with it...

#US
#USSR
#China
#Nato
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