Pax Americana, US dominance, and Western/ Atlantic hegemony are fading away. However, Chinese hegemony or Pax Sinica will never arrive. The Sept. 11, 2001 terrorist attacks, the 2008 global financial crisis, the lowest interest rates in the history of the US and UK central banks, and the European Union and euro on the brink of disintegration — all are signs of the ebb of US and Atlantic power and indications of a historical power shift. But what is next?
PacNet #10 – Pax Sinica? Impossible!
February 8, 2011