It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
“Pax Americana” is the term often used to define the (previously) current geopolitical order. That the general peace and stability of the Post-WWII world is due to America’s dominant economic and political power, backed up by its ridiculously large military.
In its analysis, Citi is certain that the Pax Americana era is over, but the main problem for the future is what they’re calling the “Great Power Sclerosis.” In other words, there’s nothing to replace Pax Americana, other than chaos, disorder, and a great many panicking investment bankers.
The full PDF of the report, “Global Political Risk: The New Convergence Between Geopolitical and Vox Populi Risks, and Why It Matters” is available here, and I encourage all to take the time to read its 70+ pages.
And we are deeply concerned that the political capital necessary to stem the refugee crisis and terrorist threat, perhaps best-characterized as the collision between previous foreign policy failures and current governance capacity, exceeds that available to government leaders, who have relied upon central banks to manage the lion’s share of global crises over the past several years. 2016 could be a very political year for markets.
originally posted by: ketsuko
Obama's foreign policy approach is driven by the leftist idea that at the base of every problem in the world is America.
If this report is to be believed, then it was America that held the world stable, and our withdrawal to allow the world to be free of America and let the world sort itself out is directly to blame.
So was it evil for America's influence to have kept the world more or less stable and thus more peaceful or is it better to have the chaos we see?
I guess we're going to find out.
originally posted by: ketsuko
a reply to: Willtell
Before that it was the UK. The world wars were basically born out of the collapse of the British Empire and the power vacuum that left.
Consider that before you sound off.
The next global conflicts are likely to be nuclear.
originally posted by: ketsuko
a reply to: Willtell
Before that it was the UK. The world wars were basically born out of the collapse of the British Empire and the power vacuum that left.
Consider that before you sound off.
The next global conflicts are likely to be nuclear.
But in addition to these local factors, another, more structural reason exists that works as a force multiplier for simmering conflict around the world, most notably in Eastern Europe, Northern Africa, the Middle East and parts of Asia. It is the weakness of the post-Cold War world order, or, to put it more bluntly, the weakness of Pax Americana.
Failure to produce policy options to address middle class anxiety, declining living standards and public trust increases the likelihood that Vox Populi risk could move from being episodically disruptive to systemic, undermining globalization in the
process.