[lbo-talk] recessions: better for right than left

[dredmond at efn.org]

On Tue, May 18, 2010 6:16 am, Doug Henwood wrote:


> U.S. hegemony is getting a new lease on life from the euro crisis.

The US dollar is getting a temporary lift from the crisis, but that's not
the same thing as US hegemony, which is gone. And it's not going to be
replaced by a Japanese or EU hegemony, either.

I'm watching the footage of the Shanghai 2010 Expo opening ceremony, and
you can just feel the multipolarity kicking into gear.

-- DRR