![]() Reality: This simplistic «prophecy» has numerous important flaws. «Asia» is a rising global power challenging US global supremacy. The proof is found in the rapid privatization and transfer of public enterprises to foreign capital, the incorporation of the new regimes in NATO, and the rule by a new corrupt political elite responsive to the IMF and not the electorate. The elections had nothing to do with democracy, and everything to do with empire building. Reality: Each and every electoral outcome in the former Soviet Union was organized and financed by non-elected foreign officials, who set the agenda, elected the leaders and subsequently incorporated the new regimes into their imperial orbit. Successful electoral outcomes in the former Soviet Union are a reflection of the growing popular desire for democracy and free markets. In South America, US ideological, political and economic influence on and strategic alliances with reputed «center-left» parties and regimes have successfully converted Brazil, Argentina, Bolivia, Peru and Ecuador into free-market clients of the Empire. Earlier success in clued Nicaragua, El Salvador in Central America. The cases of the Ukraine, Georgia and Kyrgyzstan are illustrative. Imperialist advances have been most successful in conquering countries with the least cost via civilian -political intervention, bogus elections and the organization and financing of client leaders and non-governmental «front» organizations, and buying off political parties. Reality: In reality the US military interventions and wars have been the least successful weapons of empire building – witness the prolonged and costly wars in Iraq and Afghanistan, and the popular resistance in Haiti. The US Empire has successfully expanded because of its military activities – wars, invasions, and special assassination teams. The Chinese method of calculating the trade imbalance does not include exports by US MNC based in China to US companies. 2) What is called «China» and the «US» is a fiction as the commercial transaction takes place within a world network or «empire», in which the growth of ‘exports’ and trade ‘surpluses’ accrues to the US MNC and the trade ‘deficit’ affects the US domestic economy. ![]() Reality: There are two basic problems with this statement: 1) almost half of the «trade deficit» is accounted for by US multinational corporations (MNC) in China exporting to their «home market». The «US» has a huge trade deficit with «China» amounting to $162 billion in 2004.
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