The stable existence or the decline of any society should not be measured just by its material resources. The decisive factor is social capital. — Number2018
I completely agree in a just world with evenly distributed material resources, then social capital becomes the determining factor. The winning nations would just be those who rank high on the Human Development Index chart. All the countries that are "Scandinavian" social democracies with technocratic "evidence based" policies.
My point here is the perhaps counter-intuitive one that the US just happens to have a ridiculously unfair set of basic material advantages. Even a complete joke like Trump, and all those he surrounds himself with, can't really fuck it up. Only a Trump with actual competence might be able to achieve that.
In the US, there has been the deepening corrosion of trust in political and social institutions. The lack of belief in what constitutes America can undermine its social capital. — Number2018
Others would say that the US has never been famous for its social capital. There was just that brief moment with Roosevelt's New Deal where the 1950s became a golden age for the average working Joe. Top tax rates were approaching 90%. Unions were powerful. Social security was a thing.
And even all that was based on the US coming out of a war with a wartime manufacturing base and no war damage, an abundance of cheap domestic oil, the only big navy, Bretton Woods to make the dollar the official world currency, and a world order controlled by the US's new proxies of the UN, IMF and World Bank.
But could the US now crumble because of a few riots, a bit of woke activism, a lot of redneck moronicism? The US has always been characterised by its freely vitriolic approach to social discourse. That can indeed be a competitive national strength as much as a flaw.
Society ought to be a contest of interest groups. That is how differences eventually get settled and a society stays well adapted to the challenges and goals as it understands them. So is the current level of discord an actual problem or evidence of stuff being sorted?
The fact that it all so ugly and in your face might be a sign of something historical if it were Denmark or Singapore. But it feels more like business as usual for the US.
I don't think Trump can be explained as evidence for some real system collapse. My argument is that the system can tolerate a Trump because it is basically uncollapsable.
The US can do many dumb things. Bush and his Middle East crusades. Bush/Clinton and the various financial asset bubbles. Obama and his abject failure to achieve any sensible reforms. But it rolls on due to its inherent deep material advantages.
Most other nations actually have to make their countries work. There is an immediate cost attached to being dumb.
Similar processes had led to the collapse of the Soviet Union. — Number2018
Communism collapsed because it is brittle. It isn't a system in which interest groups can contest and sort out their differences to arrive at a mutual accomodation. It lacked a marketplace of ideas.
What actually happened was Gorbachev - in a moment of desperation - made a fateful decision to allow free speech. His hope and expectation was that this would allow some kind of graceful transition. The people would be so grateful that the Communist Party would win in open elections. The voters would ignore the economic stagnation.
But unmuzzled, the population took its opportunity. Every republic wanted to assert its own identity. The grip on the entire Eastern Bloc was lost. Gorbachev disappeared in a coup. Wall St arrived to pick at the carcass.
So the situations aren't comparable. The US is at the other end of the spectrum in terms of being plastic rather than brittle. It is designed to fly on even despite its excessive amount of in-your-face, free speech attitude. It can afford to crush jobs and lives in an economic crisis because it has all the material advantages needed to rebuild and kick on.
I am very much not an admirer of the US as a social system. But the question here is about hegemonic status. Is the US still our "leader" or has it been dethroned?
The answer is more complex in that it can't really be dethroned, but it does look like it will become far more isolationist. That leaves space for Europe and Asia to continue to evolve their regional identities along Scandinavian and Singaporean lines.
There is opportunity in that as we will have moved beyond the Cold War geopolitical contest, and even the current hegemonic debate of "If not the US, then well who?".
It is the US that frames it as us or China, which would you rather have? But that is transparent self-serving propaganda. That isn't what is really happening. It is a Trump re-election tactic built of out-of-date, failed Neocon, political thinking.
The US and China got locked into each other as two sides of the same neoliberal/dollarised system. It was a paradoxical phase of geopolitics that was a solution for a time. But the world is moving on.
The US has already forced through CUSMA as its replacement of NAFTA. The ground is laid to bring the supply chains home and become isolationist and regionally focused. The question only is about whether the US establishment can actually let go of the levers of international power. If the US has an old fossil like Biden in charge, you can see that the psychological break won't be clean.
The bigger existential challenge is whether the world has the gumption to do something about the dollar. The IMF could come out with a replacement bitcoin as the world currency. The dollar might then go into freefall, reflecting the mountain of debt the US has run up on the tab.
But the US has veto on anything the IMF does. That threat isn't credible quite yet. And even if it does happen, that just makes a fall back on an isolationist North American economy all the more sane.
If you listen to Fox and CNN, it is truly the end times for the US. But from my comfortable distance, it is an engaging soap opera.
A big shift in geopolitics has to happen. Neoliberal globalism has run its 30 year cycle. Covid rather puts a fullstop on the old. Climate change and renewables demand a proper response. Technology is on an exponential curve that will rewrite various economic fundamentals.
So a bunfight between woke activists and posturing rednecks is not the hinge-point of modern history - not anywhere near some kind of actual leadership question - even if for those involved it might feel that way.