Economic recession to bring down American Empire - RT 100707

http://rt.com/Top_News/2010-07-07/economic-recession-american-empire.html
"The American empire is in decline, but the military spending is not following suit," said Andrew Gavin Marshall, a research associate with the Centre for Research on Globalization in Canada.

Marshall argued that US economic troubles have lead to its currency concerns and to the UN calls to replace the dollar as the international reserve currency.

"What makes this situation, this imperial decline different than any in history is the rise of the east. For the first time in human history the rise of new powers, in this case Сhina, is taking place, not in opposition to the hegemonic powers but within the system of power structures that exist," said Marshall.

He argued that Сhina is working to integrate economically and are working towards new currency and global governance structures.


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"China doesn't want to be dictated to; it wants to come to the negotiating table, as do the other BRIC countries -- Russia, India, Brazil. They don't want to be told how to enter the system; they want to be a part of the system," said Marshall.

Marshall argued that the due to this, the US is seeking to dominate global resources by continuing to expand the military and the empire as the empire declines.

"We've only seen the beginning of the global economic crisis." said Marshall.

He added, "All the G-20 nations have agreed to impose fiscal austerity which essentially means the destruction of society, the elimination of the middle class and the downgrading of democracy."

Category:

News & Politics

Tags:

• US
• economic
• recession
• empire
• fall
• decline

[WizzleThump]

WTF, RT is interviewing high school kids now? I like that they show the other side of a lot of the stories that involve the US, but their guests have been getting more and more questionable.

[newsupload2010]

@WizzleThump LOL! This guy certainly looks pretty young, probably just out of college. Andrew Gavin Marshall is "a research associate with the Centre for Research on Globalization in Canada." LOL!

[GnomesAmok]

WOOAHH Dont listen to this with headphones on late at night with little sleep, unless you want to get freaked out...

[perfectfalls]

I've read some of his stuff and he is in a sociological/economics sense a prodigy in many ways...but his views on climate change are weak.

[partymariner]

@WizzleThump Maybe he's a prodigy!

[lipoicacid]

@andy765gtr Enviromentalist are financed by the capitalists.

[andy765gtr]

bad for the empire/western civilization. good for the planet.

environmentalists warned about capitalism. no-one listened.

infinite growth is impossible. classical economists have been proven wrong.

malthus will be proven all too correct as soon as the fossil sunlight that sustains our bloated overshot civilization/population runs out