Dr. Alan O'Sullivan
👤 SpeakerAppearances Over Time
Podcast Appearances
It's defensive.
It's influence on the world, the balance of power.
The state's police, the global policeman, that kind of thing.
Well, it was, and that's controversial as well.
But the US is still the dominant part.
So empires fall and rise.
We know that.
But a hegemony, according to Constantine, which I found fascinating, the hegemony and the empire don't fall or collapse in unison.
A hegemony can decline.
Like, it's obvious that the United States is in decline.
We see that with the debt levels, 36 trillion unbalanced sheet debt, huge problems.
Social degradation, all this, its influence is waning.
And then you see the rise of China.
You see the rise of India.
This is a multipolar world now.
Multipolarity is where you've got different spheres of influence.
And you see America breaking from Europe, which is leaving Europe quite isolated at the moment.
This can have huge ramifications for investing.
A simple example, the dollar.
The dollar has declined.