Abstract
Fernand Braudel, the economic historian, gave a key for reading the power struggles occurring today between the United States and China. «Just as a country at the center of a world-economy can hardly be expected to give up its privileges at international level, how can one hope that the dominant groups who combine capital and state power, and who are assured of international support, will agree to play the game and hand over to someone else?» In other words, the ruling circles in the United States, the hegemonic power of today, want to keep their leadership, China, the rising and challenging power, would like to replace the USA as the hegemonic country: the trade war starting in 2018 should be analysed in this context . The paper will deal with the recent developments of this hegemonic struggle: within the American establishment, the Pentagon and the US Department of Commerce have regained control over «Wall Street» which has resulted in an updated version of the US military-industrial complex, with China replacing the USSR in a new "cold war". Complex strategies are developped on both sides, involving manufacturing, technology, trade, financial, diplomatic and military issues. Referring to this geo-economic key for reading, a number of actions taken by the US government since 2018 aims in particular at checking China’s mounting economic and financial power. For the United States, it is about challenging the development of China’s influence in the world, in particular along the new maritime Silk Roads.
Highlights
Fernand Braudel, the economic historian, gave a key for reading the power struggles occurring today between the United States and China
Chinese President Xi Jin Ping announced the concept of the new Silk Roads, in its land dimension, for the first time in September 2013 during a visit to the Nazarbayev University in Kazakhstan, and again one month later before the Indonesian Parliament. This time a maritime and financial dimension was added via the creation of the Asian Infrastructure Investment Bank (AIIB), designed to finance infrastructure projects along these new land and sea routes
The maritime routes are a major response from China to what it perceives to be an attempt, both military and economic, by the United States, to impede its rise in power
Summary
Fernand Braudel, the economic historian, gave a key for reading the power struggles occurring today between the United States and China. Chinese President Xi Jin Ping announced the concept of the new Silk Roads, in its land dimension, for the first time in September 2013 during a visit to the Nazarbayev University in Kazakhstan, and again one month later before the Indonesian Parliament. This time a maritime and financial dimension was added via the creation of the Asian Infrastructure Investment Bank (AIIB), designed to finance infrastructure projects along these new land and sea routes. The shifting of the Chinese economy towards a consumer society being slower than originally envisioned, has given them the reason to find new outlets for the overcapacity of production in domestic markets
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