As John Ross points out, China is capable of slowly supplanting US-First World power over a long period of time, but in no position to replace these imperial states as world hegemon, nor does it desire to do so. US products are being driven out by China's cheaper high-quality products and China's more equitable "win-win" business arrangements with other countries, offering the opportunity for Third World countries to develop. However, China cannot displace the US in the world financial system, where the US and its allies retain overwhelming control.
The US has proven incapable of impeding China from becoming an independent world force. No matter the tariffs and sanctions placed on China, they have had little impact. Yet, the US has caused China to digress from its socialist planned economy, through US corporations and consumerist values penetrating the Chinese system.
PART 4: THE WORLD IF THE US WERE IN DECLINE
Revolutions on the International Stage
A weakened US imperialism would encourage peoples and nations to "seize the time" and score significant gains against this overlord's hold on their countries. Yet since shortly after 1975, with the victories in Vietnam and Laos, a drought in socialist revolutions has persisted for almost half a century. If the US empire were in decline, we would find it handicapped in countering victorious socialist revolutions. However, the opposite has been the case, with the US rulers consolidating their hegemony over the world.
This contrasts with the 40-year period between 1917 and 1959, when socialist revolutions occurred in Russia, China, Korea, Vietnam, eleven countries across eastern Europe, and Cuba. These took place in the era of US rise, not decline. During this period, the US empire had to confront even greater challenges to its dictates than presented by today's China and Russia in the form of the world Communist bloc, associated parties in capitalist countries, and the national liberation movements.
During the period of alleged US imperial demise, it has been socialist revolution that experienced catastrophic defeats. In the last 30 years, the struggle for socialist revolution has gone sharply in reverse, with the US and its subordinates not only blocking successful revolutions but overturning socialism in most of the former Communist sphere. The last three decades has witnessed greater consolidation of imperial supremacy over the world, not a deterioration.
The socialist revolutions that continue à ˆ' North Korea, China, Vietnam, Laos, and Cuba à ˆ' have all had to backtrack and reintroduce private enterprise and capitalist relations of production. North Korea has allowed the growth of private markets; Cuba relies heavily on the Western tourist market. They have this forced upon them to survive more effectively in the present world neoliberal climate.
A victorious socialist revolution, even a much more limited anti-neoliberal revolution [1] , requires a nation to stand up to the imperial vengeance that enforces neo-colonial subjugation. Small countries, such as Cuba, North Korea, and Venezuela, have established political and some economic independence, but they have been unable to significantly advance against crushing blockades and US-backed coups in order to create developed economies. Historically, the only countries that have effectively broken with dependency and developed independently based on their own resources have been the Soviet Union and China.
Raul Castro made clear this world primacy of the US neoliberal empire:
In many cases, governments [including the subsidiary imperial ones] do not even have the capacity to enforce their sovereign prerogatives over the actions of national entities based in their own territories, as these are often docilely subordinated to Washington, as if we were living in a world subjugated by the unipolar power of the United States. This is a phenomenon that is expressed with particular impact in the financial sector, with national banks of several countries giving a US administration's stipulations priority over the political decisions of their own governments.
A test of the US overlords' decline can be measured in the struggle against US economic warfare in the form of sanctions. To date, the US can arm twist most countries besides China and Russia into abiding by its unilateral sanctions against Cuba, Venezuela, Syria, North Korea, and Iran. The US rulers still possess the power and self-assurance to ignore United Nations resolutions against economic warfare, including the UN General Assembly annual condemnation of the US blockade on Cuba. The peoples and nations of the world cannot make the US rulers pay a price for this warfare.
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