By Bryan Connor

During the international financial crisis US imperialism has succeeded in striking further blows against its European and Japanese capitalist competitors. Data on the US economy to be published later this week will probably show US GDP has regained its pre-crisis level. That means an average zero percent US growth for three years – a terrible performance. But Japanese and European production are even worse, remaining below their previous levels four years into the crisis. The US, however, has been pursuing policies that worsen the economic position of its European and Japanese competitors – pushing Japan to engage in confrontational policies with its largest trading partner, China, and in Europe both cheering on every step of belt tightening in countries such as Greece and Ireland and trying to break up the Euro.