Warning: Undefined array key "visitor_referer_type" in /var/www/vhosts/wordinf.com/core/app/libraries/Core.php on line 98 John N. Gray - The US - its bankrupt mortgage...
The US - its bankrupt mortgage institutions nationalised and its gigantic war machine effectively funded by foreign borrowing - is in steep decline. With its financial system in the worst mess since the 1930s, the west's ability to shape events is dwindling by the day. Sermonising about "law-based international relations" is laughable after Iraq, and at bottom not much more than nostalgia for a vanished hegemony.