The answer that immediately comes to mind is: “China, of course”!
But that’s too easy for the GEAB, so we won’t be going down that route in this article. Instead of presenting our hypothesis right away, as we typically do, we prefer to keep you in suspense and take you on a journey.
So, what’s your take so far? (Questionnaire)
A brief history of the 21st century in search of a public enemy to justify its governance
Since the turn of the century, a succession of public enemies has been trying to organise the new world:
. Al Qaeda is of course the inaugural public enemy of the 21st century, but its all too obvious instrumentalisation in the sole service of American power has caused more of a fracturing shock than a great rallying around the New World Order of an America that sees itself as the heart of a unipolar model (eleven years after George Bush Sr.’s famous phrase: “There is no substitute for American leadership”).[1]
. Peak oil was a major warning that oil would no longer be sufficient to supply the huge production machine linked to the arrival of gigantic new players in the global economy (China, ASEAN, India, Africa, etc.).The panic surrounding this hypothesis contributed to the explosion in oil prices in 2008 (to an all-time high of $140 a barrel), precipitating the subprime crisis and the great question mark over the ability or otherwise of the US currency to support a global economy of which it would soon represent only a small part. Has peak oil put an end to the myth of the eternity of the previous system of governance based on the petrodollar?
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