Michael Hudson — American Diplomacy as a Tragic Drama

As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as America’s main long-term adversary, the Biden Administration’s plan was to split Russia away from China and then cripple China’s own military and economic viability. But the effect of American diplomacy has been to drive Russia and China together, joining with Iran, India and other allies. For the first time since the Bandung Conference of Non-Aligned Nations in 1955, a critical mass is able to be mutually self-sufficient to start the process of achieving independence from Dollar Diplomacy..…

Maybe "American Diplomacy as a Tragi-Comedy" is a more apt title? American "diplomacy" = "Do as we say or we whack you." But it is not so easy trying to whack China, Russia, and Iran without incurring huge costs.

Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism

American Diplomacy as a Tragic Drama
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

https://michael-hudson.com/2022/07/american-diplomacy-as-a-tragic-drama/