“Make America Great Again“, it was a call that resonated in the de-industrialised heartlands in America’s Rust Belt.
Oil – ‘Black gold’. Economies have been made and broken by it and wars fought over it.
It is essential in many products ranging from energy, transport, plastics to fertilisers.
This black gold is so fundamental to a modern economy that it can also play a crucial role in geopolitical rivalries.Read more
American elites at war with themselves
Sections of the American elite greeted Trump’s 2016 US Presidential election victory with consternation. They traded insults with each other including accusations of Trump enjoying a bromance with Vladimir Putin.
These accusations and counter-accusations over issues such as Russia, China and the economy underline the profound disagreements within the US elite. They have split roughly between those on the neoliberal, free trade side and those supporting greater protectionism. The root of this division is over the best way forward in the face of new challenges to U.S. dominance.
Because the U.S. is the world’s dominant economic power that drives its global strategy. But with the rise of Russia and China as competing powers it has become more difficult to sustain.