Wallerstein - Lecture on The Decline of US Power - The GCC Countries: Politics and Economics conf.
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Speaker: Immanuel Wallerstein (senior research scholar at Yale University, USA) Chair: Marwan Kabalan (associate researcher at the Arab Center for Research and Policy Studies ACRPS) Lecture title: The Decline of US Power and its Consequences for Geopolitics in the Gulf Conference: The Third Annual Conference of Arab Research Centers: The GCC Countries: Politics and Economics 7-12-2014 More information: http://english.dohainstitute.org/event/f70ed349-0be6-4379-ab4e-09f61dd8f635
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Leading scholar George Modelski explained in his "Long Cycle" theory in his classic 1972 book Principles in World Politics that the global political system is composed of security of states, territorial rights and international trade, and that one specific power emerges from a global war, spends decades at the top of the system controlling the various international institutions, controls roughly 50 percent of the sea through a powerful Navy protecting the interests of the elite in the global power, then eventually decaying and losing much of its legitimacy in the world. One could point to the Iraq War quagmire, the Libya disaster and the failed anti-Assad operation in Syria. The unipolar world will eventually become a multipolar world where military capabilities converge, which are the real causes of war. The new power emerges and the cycle continues. Robert Gilpin spoke about this too, claiming that a) the empire will become too costly and the profit returns will not be as much as government maintenance overhead, b) a decrease in investment but an increase in consumption, losing their competitive edge and become too comfortable at the top, and c) diffusion in technology. This is inevitable and is occurring with the U.S. presently. Lets just hope the power transition happens without a war, which Organski predicts happens.
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Great!!!!
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Great topic, horrible speaker, eh eeeh eeh eeeeeeeeeeeeeeeeeh ummmmmm uhhhhhhhhh errrrrr
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