The end of Pax Americana will produce regional trading blocs, a return to mercantilism in which local hegemons guarantee trade only among allies.
Topic brief
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Regional Blocs
Jiang argues that even if America lost a war, there would still be no peer competitor to the United States, so the world would divide into regional blocs rather than immediately replace U.S.
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Key Notes
Jiang argues that even if America lost a war, there would still be no peer competitor to the United States, so the world would divide into regional blocs rather than immediately replace U.S. power with another single hegemon.
Jiang gives Germany controlling Europe, Japan controlling East Asia, and Israel controlling the Middle East as examples of possible regional blocks in a multipolar world.
Timestamped Evidence
"They want people to deliver food to them. And unfortunately, young people don't have to do that because their parents have money. So the..."
"It was more expensive, it was not so convenient, but it still works. So this does not mean the end of global trade, it..."
"So the American empire is heading into a lot of trouble over the next 10 years because all three things are happening at once...."
Relevant Lectures And Readings
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