‘More than 90 percent of the U.S. price rises took place before the Ukraine war.’
Since 2019 there has been a precipitous decline in life expectancy in the US and a very marginal decline among its peer countries. However, China has continued to experience a rise in life expectancy uninterrupted by the Covid-19 pandemic, and has now overtaken the US for the first time.
The visit to Taiwan of the Congressional delegation led by Nancy Pelosi is the latest, and by far the most serious, in a series of provocative actions by the US over the Taiwan question.
The implications of going ahead with the visit, given the repeated warnings from China that the status of Taiwan is for them an existential issue, were clear.
The fundamental challenge facing the US is that it is relentlessly losing in peaceful economic competition to China. The US therefore cannot maintain its global dominance through economic means and so it is increasing stepping up its use of political and military aggression to try to stop China’s economic rise.
Republication of an article written in 2014 analysing the consequences of the pro-US coup in Ukraine. That analysis of the fundamental forces in Ukraine continues to hold, even if the working out of these forces has taken a tragic form rather than the peaceful one the article argued for.
The current inflation was made in Washington. In addition, the people of the United States and other countries are having to sustain the costs of Washington’s new Cold War.