China can make the goods but the lifestyle the world wants to buy is American-style consumption. Even the very adjective illustrates American exceptionalism, as few who say it are thinking of people in Peru or Quebec. Such changes helped pave the way for the Reagan revolution which unleashed many of the forces that have entrenched the corporate capture of large swathes of American politics. A different school of thought puts the blame on President Vladimir Putin as an instigator of recent trends for chaos and authoritarianism in world politics. And even as late as 1985, even the declining Soviet Union had more real geo-political power compared to Russia today.

Source: Dhaka Tribune July 06, 2020 14:37 UTC