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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: marginmike who wrote (3139)4/21/2001 12:37:28 PM
From: tradermike_1999  Read Replies (2) of 74559
 

I posted to this effect a few weeks back. Being a child of late 80's early 90's education I was reared with the HEGEMONIC power theories". I think I read it in a book called 'balance of Power' by Kenendy. It's thesis is that there are always single or multi-poles of power. In the 1800's there were many hememonic forces. In the 1900's mainly 2(after 1945). In the 90's there was really only 1, the USA. In history this is a rare, and unsustainable situation. Rome did it for a whille, and Britain came damn close. However the fact is CHINA, Korea and the ASIAN blocks as well as the EC are re exerting themselves and will rise to be equall poles at some point threatening US power. It will happen in our life time. The question is how does the US deal with these forces economicly and militarily? Great Britain once controlled INDIA,Big parts of Africa,big parts of the middle East,parts of China, parts of North America as well. Now Great britain is just a few Islands. The Spanish were once the richest nation on the planet until the Spanish Armada was defeated by the british(forget the year 1698???). More importently the Spanish declined because the spent their wealth, sent their GOLD to forign countries for goods, thus depleting their wealth. This may be a good example of what fate the USA will one day sucomb to. History repeats itself, and eventially the USA will decline in influence and power, the question is how does the USA deal with this enevitability?



There is another thesis - which is promoted by free traders. Check the book The End of History by Francis Fukuyama(sp?). He was on Papa George Bush's National Security Team. Thesis goes that the economy is undergoing a transformation from a national market based system to a one world nexus of international trade and capital markets which will render national boundaries meaningless. They believe this free trade network will expand into every facet of life and eliminate religious and political conflicts as people get rid of the baggage of individualism and parachioalism and embrace the market nexus. Rivarlies between nations will gradually disappear.
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