
The global power of the British empire, which at its height encompassed nearly a quarter of the world’s population and its landmass, was not overturned by one single event alone but through a succession of ruptures, of economic crises, wars and revolutionary mass movements, against a backdrop of decline. And so it is the same now with the brief period, historically speaking, of the US as the world’s hyperpower, that began in the 1990s after the collapse of the Stalinist regimes of Russia and Eastern Europe and the end of the Cold War.
The transition underway from US hegemony to a new era of an increasingly multi-polar world will also occur not in one big bang, but through a series of convulsive leaps and bounds as the shifting geopolitics of a crisis-ridden global capitalist economic and political system work their way through. The devastating Israeli-US aerial blitzkrieg on Iran is another such turning point.
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