The outbreak of the latest financial crisis, originating in the US and now spreading to other countries, shows that the neo-conservative revolution launched in the 1980s has already come to an end.
without any bailout, the US financial market will implode, bringing the world economy into a serious recession
With no end in sight to the current economic crisis, the U.S. has already notified Japan, Germany and the U.K. to draw out rescue plans to save the troubled banks within their borders, the Washington Post reports. With all of the complicated ties of the worlds banks, the United States governments inability to solve [Read more]
If the United States is no longer hegemonic, or its strength is declining, then who will be willing to pick up the load that the United States is not able or willing to carry?