China And The Decline of US Power

China And The Decline of US Power

By Dr. Chandra Muzaffar
Counter Punch
Monday, August 31, 2020

CONSTANT attacks by some US elites on China will, according to
some observers, diminish and disappear once the US presidential
election is over in November 2020.

This is unlikely to happen for at least two reasons.

One, the issues that underscore the targeting of China are
fundamental in nature and go beyond elections and personalities.

Two, at the root of some of these issues are questions of power---
of dominance and control--- whose resolution will span decades if
not centuries.

In examining the interface between the US and China, I shall begin
with those areas of conflict where the latter has surpassed the
former.

This will be followed by reflections on manifestations of US power
which are not as formidable as they are made out to be.

Conclusions will be drawn from these two categories on the
emerging pattern of global power.

Within specific sub-fields of science and technology, China appear
s to have moved ahead of the US.

Maritime surveillance and lunar geography would be two such
sub-fields.

Chinese advances in electronics and telecommunications have
also been breathtaking.

It is because China is at the forefront of cutting edge technology
that there is so much anxiety in the US and the West today about
China’s ascendancy.

Those who have dominated the world for so long know that it
is mastery over science and technology that endows a nation
or civilization with power and strength.

Its mastery over science and technology is one of the reasons
why in a few decades China has become the factory of the world
manufacturing a whole range of affordable, quality goods for
people everywhere.

China’s success in penetrating markets has made the nation
indispensable to the global economy.

Even in the entertainment industry, a video-sharing platform like
TikTok has become a sensation among the young prompting US
authorities to impose curbs upon it .

More than its production of goods and services, it is China’s massive
global infrastructure transformation through its Belt Road Initiative
(BRI) that is destined to have a lasting impact upon humankind.

An endeavor that spans 138 countries, the BRI connects Asia
with Africa and Europe through land and maritime routes.

It not only seeks to build highways and ports but also attempts to
initiate agrarian projects and accelerate industrial ventures which
will raise incomes and increase productivity of many poor countries.

Compared to the BRI there are other spheres where US power
appears to be overwhelming.

But if we probed each of these spheres carefully, we would discover
that US power is only a veneer.

Its so-called military prowess is a case in point.

Though the US has a huge arsenal and some 800 military bases
girding the globe, we forget that it has not won a single major
war since the end of the Second World War.

Vietnam, Iraq, Somalia, Libya, Syria, and Afghanistan testify
to this.

In fact, its involvement in wars in the last 50 or 60 years have been
unmitigated disasters.

Another pillar of US power is the US dollar--- the world’s reserve
currency.

The dollar is no longer as dominant as it once was.

In 2015 for instance, approximately 90 % of bilateral transactions
between China and Russia were conducted in dollars.

By 2019 “the figure had dropped to 51%”.

US imposed sanctions against Russia since 2014 following Crimea’s
restoration to Russia contributed to this.

The US also imposed “tariffs on hundreds of millions of dollars
worth of Chinese goods “which forced China to de-dollarise.”

Moscow and Beijing reinforced their financial relationship in June
2019 through a deal “to replace the dollar with national currencies
for international settlements between them.”

Russia has also been accumulating yuan reserves at the expense
of the dollar.

The US also perpetuates its global dominance through an extensive
propaganda network which projects the US as the greatest nation
on earth.

It is a portrayal which has lost its lustre in the last couple
of decades.

The US led invasion and occupation of Iraq in 2003 which was unjust
as it was immoral tarnished the US’s image in the eyes of the
world.

Increasingly, it has come to be perceived as a rapacious nation
which has no scruples about slaughtering hundreds of thousands
of innocent people in pursuit of its hegemonic agenda.

More than its role in wars and all the sufferings they cause, the US
elite’s failure to govern effectively has shattered and battered its
image.

The coronavirus pandemic and the economic miseries generated by
it, have revealed that compared to some countries in Asia the US
elite is incapable of protecting the well-being of its own citizenry.

With 176 thousand fatalities and 5.68 million infections as of the
22nd t of August 2020,the elite stands condemned for betraying
and sacrificing the people.

If good governance is the hallmark of a ‘developed nation’ then
the US can no longer lay claim to that status.

The coronavirus pandemic with all its dire consequences has also
exposed how deeply flawed notions of ‘freedom’ and ‘the rights
of the individual’ are in the US.

When freedom of the individual relegates the collective good of
society to the margins, it breeds a self-centred obsession with
freedom which in the ultimate analysis undermines freedom itself.

If freedom and the celebration of the individual are the glorious
attributes of societies like the US, the pandemic has shown us all
how ugly their misconception and misapplication can be.

In a nutshell, it is not just the rise of China which is responsible
for the decline of the US.

Its own distorted perspective on power, its perverted sense of
individual freedom and most of all its lust for global hegemony
have all contributed to its fall.

This is why as the American people approach yet another
presidential election, they should for their own good reflect
upon their own flaws and foibles as a nation.

It is humility and honesty of this sort that is the need of the hour.

https://www.counterpunch.org/2020/08/26/china-and-the-decline-of-us-power