Liberalism And The Spectre Of Inverted Totalitarianism
The conflict now raging between the West and Russia and China is a struggle for global power. At the end of the Second World War the economic weight and influence of the United States allowed it to dominate world trade and manufacturing but also to control financial markets as well as build a system of global political and military alliances and bases which reinforced its control. Today its imperial dominance is under threat. The US is trying to prevent the emergence of rivals for world hegemony and block the development of a multipolar world. But it still maintains a residual power based on the role of the dollar as well as its military forces and political pacts.