As I’ve been pointing out for the last few years now, the USA is no longer a global superpower. It’s now been demoted to major regional power, which is very far from nothing, but its pretensions at pursuing elite interests in the name of playing global policeman are observably over:
Last week’s Trump-Xi summit produced no dramatic declaration or historic treaty – yet its importance may prove far greater than any immediate deliverable. What happened in Beijing was not a breakthrough in policy but a breakthrough in recognition: the United States openly acknowledged China as an equal center of global power. That alone marks a historic turning point......
The post-WWII international order is now over. Clown World is still scrambling to control what it can, but it is in disarray. Which means these will continue to be interesting and tumultuous times.