It is notable that the globalized 'free' trade system established by the Global American Empire was fatally undermined mostly by the US: they abused economic sanctions for political reasons, at first targeted on minor countries economically (Iran, Syria, Venezuela) but then massively on Russia. And then there was the crescendo of sanctions on China. first targeted (Huawei) then on entire classes of semi-conductors, and now punitive tariffs. This is the final nail in the WTO that the US started to fatally undermine in 2019 by disabling the appeal mechanism. Let alone support to Israeli pager terrorism. As a result of all of this, China is logically seen as a reliable and predictable actor, and the US as erratic and irresponsible. One can argue that the system was no longer sustainable for the US, but it is still an admission of defeat.
Checkmate, Leonard Read:
https://www.wikihow.com/Make-a-Pencil
It is notable that the globalized 'free' trade system established by the Global American Empire was fatally undermined mostly by the US: they abused economic sanctions for political reasons, at first targeted on minor countries economically (Iran, Syria, Venezuela) but then massively on Russia. And then there was the crescendo of sanctions on China. first targeted (Huawei) then on entire classes of semi-conductors, and now punitive tariffs. This is the final nail in the WTO that the US started to fatally undermine in 2019 by disabling the appeal mechanism. Let alone support to Israeli pager terrorism. As a result of all of this, China is logically seen as a reliable and predictable actor, and the US as erratic and irresponsible. One can argue that the system was no longer sustainable for the US, but it is still an admission of defeat.