>But Gowan's main point in
><http://www.unl.ac.uk/ukrainecentre/WSS/ws-9.html> is that sustaining
>the US capitalist empire system has been, so far, in the self-interest
>of all the ruling capitalist elites on the globe. If that is still the
>case, the US will have all the central bank interventions it needs in
>order to avoid the problem of financing its current account deficit
>turning into a fullblown crisis.
I agree with Gowan on the US capitalist empire having been in the self interest of all the ruling power elites on the globe. What I wonder about is whether we may not be in for the kind of crisis that cannot be managed by usual economic instruments at the elites' disposal, for all the central bank interventions on behalf of the dollar regime that the empire can enlist. Then, what we are left with is "a military emergency." Are we -- US leftists -- ready for this? I think we should at least give more thought to this possibility (which may be a remote one, I admit), but there has been so very little discussion linking the "economic" and the "politico-military" in left-wing writers' articles on the current affairs in USA, which I find worrisome.