G20 Summit, Top Agenda Item: Bye-Bye American Empire
By Finian Cunningham
November 30, 2018
"Information Clearing House" - The G20 summits are nominally about how the world’s biggest national economies can cooperate to boost global growth. This year’s gathering – more than ever – shows, however, that rivalry between the US and China is center stage.Zeroing in further still, the rivalry is an expression of a washed-up American empire desperately trying to reclaim its former power. There is much sound, fury and pretense from the outgoing hegemon – the US – but the ineluctable reality is an empire whose halcyon days are a bygone era.
Ahead of the summit taking place this weekend in Argentina, the Trump administration has been issuing furious ultimatums to China to “change its behavior”. Washington is threatening an escalating trade war if Beijing does not conform to American demands over economic policies.
President Trump has taken long-simmering US complaints about China to boiling point, castigating Beijing for unfair trade, currency manipulation, and theft of intellectual property rights. China rejects this pejorative American characterization of its economic practices.
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