Is the US Going the Way of the Collapsed Soviet Empire?

The upcoming G7 meeting and the Biden-Putin summit on June 16 in Geneva mark a phase in which the trans-Atlantic war party is considering making some concessions to avoid completely alienating the Western partners (as with Nord Stream 2) and thus maintain control over the situation. However, the strategic dynamic has not changed.

Russian President Putin, for his part, told journalists at the Saint Petersburg forum that for him, as a former citizen of the USSR, the United States today looks like the Soviet Empire before it collapsed. “The problem of empires is that they think they are so powerful that they can afford small inaccuracies and mistakes,” he said.

“But problems keep piling up. And, at some point, they are no longer able to cope with them. And the United States is now walking the Soviet Union’s path, and its gait is confident and steady.” The Russian President referred to the repercussions of US sanctions leading to a “de-dollarization” and fragmentation of the world economy as examples of the wrong course followed by Washington.

But US administration seems to be blind to this reality, as Biden’s op-ed in the Washington Post on June 6 indicates (cf. below). Meanwhile, the trans-Atlantic financial system is threatened with imminent collapse. The United States and European governments have not adopted any major “Marshall Plan” of infrastructural rebuilding to recover from the pandemic, they have lost leadership in energy sciences and the dynamics of space exploration, and in fact have not created any productive employment at all, simply handing out relief funds generated by great volumes of new government debt and launching a so-called “green transition” which will have a devastating impact on production and living standards.

The coming Schiller Institute webinar June 26-27 will address those issues and indicate the solutions needed. To register for the SI conference, please go to https://schillerinstitute.nationbuilder.com/20210626-27-conference