US Empire: Crusty, Hulking, Feet of Clay, Short of Breath and Challenged

[It is rare to see the New York Times and other Western imperialist media write so bluntly about the decline of the US hegemonic controls over the world imperialist system.  This article draws a stark picture, although their claim that a big part of the cause is the infighting in Washington fails to focus on the several-decades  accumulation of crisis and contradictions within the post-WW2 capitalist system, exacerbated by endless wars and shifting production, trade, and resource alliances and contentions, not to mention the waves of mass resistance.  And only briefly mentioned is the huge challenge by the other major imperialist power, China.  That is a subject more deeply explored in the pathbreaking “Is China an Imperialist Country?” by NB Turner (available at  http://www.red-path.net/analysis/is-china-an-imperialist-country or in pdf at http://www.red-path.net/images/RP-paper-IsChinaAnImperialistCountry.pdf).  —  Frontlines ed] 

At Global Economic Gathering, U.S. Primacy Is Seen as Ebbing

By JONATHAN WEISMAN, New York Times, APRIL 17, 2015

[The clock is ticking uncomfortably fast, apparently–Frontlines} Janet L. Yellen, chairwoman of the Federal Reserve, checking the time after a financial ministers and governors photo on Friday. Credit Gary Cameron/Reuters

WASHINGTON — As world leaders converge here for their semiannual trek to the capital of what is still the world’s most powerful economy, concern is rising in many quarters that the United States is retreating from global economic leadership just when it is needed most.

The spring meetings of the International Monetary Fund and World Bank have filled Washington with motorcades and traffic jams and loaded the schedules of President Obama and Treasury Secretary Jacob J. Lew. But they have also highlighted what some in Washington and around the world see as a United States government so bitterly divided that it is on the verge of ceding the global economic stage it built at the end of World War II and has largely directed ever since.

“It’s almost handing over legitimacy to the rising powers,” Arvind Subramanian, the chief economic adviser to the government of India, said of the United States in an interview on Friday. “People can’t be too public about these things, but I would argue this is the single most important issue of these spring meetings.”

Development finance helps China win friends and influence American allies

[Each day brings news of the every-sharpening contention between imperialist powers, who have long cooperated but are now more-ready to seize advantage at the expense of each other, and place burdens of more aggressive exploitation and more oppressive conditions on working people inside the imperialist countries (from US/EU to Chinese/Russian and others scrambling to expand their profits at each others expense).  One day, it is the seizure of energy resources, then it is trade routes and shipping, then monetary dominance, then credit dominance and wars, then military eyeball face-offs and surrogate/proxy hotspots, then it is digital battles and cyber wars.  There is no stopping this contention, nor any way for the people to see it but to raise the people’s struggles against all imperialism and all reaction.  Between these imperialists, working people have no horse in this race.  —  Frontlines ed.]

The Asian Infrastructure Investment Bank

Mar 21st 2015 | SINGAPORE | From The Economist

 

STRATEGIC rivalry between America and China takes many forms. Rarely does a clear winner emerge. An exception, however, is the tussle over China’s efforts to found a new Asian Infrastructure Investment Bank (AIIB). China has won, gaining the support of American allies not just in Asia but in Europe, and leaving America looking churlish and ineffectual. This month first Britain and then France, Germany and Italy said they hoped to join the bank as founding shareholders. China said other European countries such as Luxembourg and Switzerland are thinking of joining the queue.

Yet America has been sceptical about the AIIB. Its officials claim they have not “lobbied against” it, but merely stressed how important it is that it abide by international standards of transparency, creditworthiness, environmental sustainability, and so on.

As China’s investments grow, Obama gives advice to Africans

[Obama speaks from the long experience of the US’ empire in Africa, when he urges African caution when new investors come around.  These are not altruistic words; they come from the proverbial fox seeking to “guard and protect” the hen house from other predators.  Obama asserts that African development can only occur under his “trusted” US’ tutelage.  But the pathbreaking writer Walter Rodney, author of the 1973 book “How Europe Undeveloped Africa,” detailed those relations and concluded, “African development is possible only on the basis of a radical break with the international capitalist system.”–  Frontlines ed.]

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Ask questions on foreign investments, Obama tell Africans

Vanguardngr.com, PRETORIA, on June 29, 2013

US President Barack Obama urged Africans on Saturday to ask more questions about lop-sided deals with some foreign investors, while dismissing talk of a Chinese and US scramble for influence on the continent.

During a landmark visit to the continent of his father’s birth, Obama said he welcomed renewed interest from larger emerging markets.

“I actually welcome the attention that Africa is receiving from countries like China and Brazil and India and Turkey.”

But he urged African nations to make sure trade was not a one-way street.

“When we look at what other countries are doing in Africa, I think our only advice is make sure it’s a good deal for Africa.”

Charting The Growth of China’s Military Capability

[A website devoted to “military education” has developed a graphic presentation on China’s program to develop their military capability.  While it certainly falls short of the ability to challenge the US/NATO force, they are certainly developing into a competitive world-class power within the world imperialist system.  Together with their expanding economic power, this deserves serious attention.  — Frontlines ed.]Source:  http://www.militaryeducation.org/chinese-military-growth/