It becomes funnier and funnier to me as the US continually goes SANCTIONS! while completely forgetting that there are many other countries the sanctioned countries can trade with. It disrupts things for a bit, they find new trade partners, and the world moves on. The only way the US could sanction Russia would be by forming a blockade but even then good luck, you'd have to blockade China too.
Thing is that this only works when you sanction a few isolated countries. Once you reach a critical mass, then it's just an alternate global economy. And that's precisely what we're seeing now happening with BRICS.
I really admire what China has accomplished. There's definitely room to debate some of their decisions, but I suspect that if the USSR had managed to make the US economy completely reliant on it for manufacturing, it would still exist today. The EU economies are in the shitter and the US is barely staying afloat even with increasingly brazen imperialist theft, not to mention how the US is running out of munitions trying to supply the first "real" war it's seen in decades and it hasn't even deployed its own military (yet?).
I used to be looking forward to the future where China would completely overtake the US as the dominant world power, but it really looks like that already happened years ago and the decrepit NATO empires just haven't figured it out yet.
I think so as well, the problem was that US saw USSR as an ideological threat from the very start so there was no possibility of this sort of cooperation. The main reason US decided to normalize relations with China was to try and prevent China from having good relations with the Soviets. So, perhaps this is the only way things could've worked out.
In the end, US made a huge miscalculation in underestimating China, and completely missed China outpacing them in every regard while being drunk on having defeated USSR which they saw as the only serious threat to their global hegemony.
I would even go as far as to say this was the only major remaining tech advantage the west had. China's been outpacing the west in most areas of science and technology for a few years now. Chips were the one big piece of the puzzle and now China can make their own.
While I don't think we have quite reached that point yet, I do know that the vast majority of all world sanctions are imposed by the United States. It is close to 100% if you include sanctions imposed at the request of the United States.
Currently large swaths of Asia and Africa and a smattering in the Americas. A lot of those are against individuals rather than the country broadly, but it often has the same effect.
Right, and this is why dedollarization is taking off like wildfire. Nobody wants to use US financial system, but until recently it's been the only game in town. Now that people see it's possible to bypass it, there's a lot of momentum to create an alternative trading system. I imagine the fact that members can't sanction one another is what makes BRICS in particular so appealing.