According to Long Cycle theory, the NATO vs. Russia conflict in Ukraine may be the start of the sixth Global War of the Modern-era. Or alternatively, a multilateral Postmodern global order may emerge.
This is still controversial but Modelski argued that Portugal was the first global maritime power, their realm included a network of bases and control stretching from the Atlantic coast of Africa, around the Cape of Good Hope, to India, the East Indies, and even to Taiwan (Formosa), not to forget Brazil. Spain is seen as more of a regional power, between Spain and the Caribbean and up past the English Channel towards the Netherlands. Spain's was a territorial empire secured by land forces; Portugal's was a commercial-maritime empire secured by a network of naval bases. People do still object to this classification however.
The capital-owners have imported tens of millions of extremely fiscally expensive brown and black foreigners as a political counterweight to heartland America. So it's not easy to go to the status quo before America had the global currency.
Also, arguably America's deindustrialization is less a problem of pure economy, than of *political economy*: that is, the huge wealth concentrated in a small number of hands allowed certain individuals and groups to gain control of America's politics; and they used this power to shut down American industry: whether for political reasons, for aesthetic reasons, for personal reasons (like Pelosi's corruption in shutting down rare earth mines), or because they just don't care about America's long term future.
This is extremely well done.
Thank you!
How come Spain is not included in the Modelski theory?
This is still controversial but Modelski argued that Portugal was the first global maritime power, their realm included a network of bases and control stretching from the Atlantic coast of Africa, around the Cape of Good Hope, to India, the East Indies, and even to Taiwan (Formosa), not to forget Brazil. Spain is seen as more of a regional power, between Spain and the Caribbean and up past the English Channel towards the Netherlands. Spain's was a territorial empire secured by land forces; Portugal's was a commercial-maritime empire secured by a network of naval bases. People do still object to this classification however.
The capital-owners have imported tens of millions of extremely fiscally expensive brown and black foreigners as a political counterweight to heartland America. So it's not easy to go to the status quo before America had the global currency.
Also, arguably America's deindustrialization is less a problem of pure economy, than of *political economy*: that is, the huge wealth concentrated in a small number of hands allowed certain individuals and groups to gain control of America's politics; and they used this power to shut down American industry: whether for political reasons, for aesthetic reasons, for personal reasons (like Pelosi's corruption in shutting down rare earth mines), or because they just don't care about America's long term future.