May 22, 2008

World Capital, Trade, Anti Americanism, and the importance of American Empire

"...The detractors take pride in divorcing themselves from reality whenever it suits ... They view American capitalism as if something evil ... a mentality that forms part of a wider anti-America mindset that I believe ought be characterized as an intellectually neglected cultural and social psychological phenomenon..."

Regular readers of this blog are sure to have come across the words, “our economies and our national security, are irrevocably tied to a secure world order - an order, to which the present day United States … is at the heart.” American imperialism or empire and, what is increasingly construed as hubristic methods in foreign policy dealings, continue to attract scorn and, in some quarter’s international resentment, but the fact remains, many nations look to America to guarantee a secure economic and political environment and, the legal framework within which our international capitalist system can operate effectively and foster growth.

Amongst the many elements of American power that incites its detractors, things like success, imperialism, expansiveness and generosity (see previous two posts), democratic economics and capitalism are viewed as the both an enemy and disease. The detractors take pride in divorcing themselves from reality whenever it suits and include the likes of anti-modern greens, Islamists, the intellectual, and broad ranging left. They view American capitalism as if something evil; a mentality that forms part of a wider anti-America mindset that I believe ought be characterized as an intellectually neglected cultural and social psychological phenomenon that through its sheer inanity, cannot as yet, earn a place at the table of national and international debates.

The unimpeded flow of capital, goods, and services is critical to the international economic system, one that draws its dynamism from an orderliness provided by none other than America. Otherwise expressed, the latter guarantees the free flow of capital across global borders that operate through the foreign exchange market (Forex). According to the BIS, average daily turnover in traditional foreign exchange markets is estimated at a staggering $3.21 trillion. It is here that stability is crucial to guarantee trade flow across borders and to wherever it can realize a return on investment, there is nothing criminal or immoral about this goal. .

No other nation is remotely capable of playing the role of America in the economics of the globe. Its success in overcoming the obstructions to freedom of capital and fashioning a single, global capital market since the demise of the cold war has been extraordinary. Its indispensability cannot be overstated and contributes to its power and assertiveness; a power that provides leadership on behalf of all participatory nations that share similar values, where authority is legitimate and within a system that endows both ruler and ruled with prosperity, hence, but one value of U.S. hegemony.

Regardless of their background, critics of America, and those who obsess over anti –Americanism flounder in illogicality's. Regrettably, though not always, majority media lubricates the disinformation streams of thought and opinion that leftists engender.

While America is often reproached for what is viewed as forced imposition of its capitalist model, oddly enough whenever there is a downturn, it’s the other states that anxiously anticipate yet another, America led economic recovery.

Comments appreciated


17 comments:

WomanHonorThyself said...

No other nation is remotely capable of playing the role of America in the economics of the globe..Indeed my friend and they are all insanely jealous and wish to bring us down!..strating with Obama and his digs at our lifestyle.....maddening!!!

The Liberal Lie The Conservative Truth said...

Well said my friend. Also have you noticed that whenever any country rises from the ahes of a dictatrship they try to pattern their economy after the US ?

Many condemn our free and Captialistic economy but depend upon it to shape world economics which directly effects the economics of the very countries that cry foul because the prosperity of the US.

Our strength and prosperity make us a target yet the world economy would collapse were it not for US Capitalism!

Layla said...

Great post Otto. America is the most benevolent nation in the world. Yet it is the most hated, next to Israel, and also the most envied. Without America I cannot imagine what this world would be like. I think I do not want to either!

Jungle Mom said...

I linked to you today and trust you will accept my offer ;)

American Interests.blog said...

angel: Thanks for sharing your thoughts...

Ken Taylor: Good contribution my friend. I could not imagine any sensible leaders modelling an economy on anything but...

American Interests.blog said...

Layla: Thanks for taking the time to come around. Keep up the good fight at The Hill Chronicles...

Jungle Mom: Offer accepted! Actually, I linked about a month ago...take care and many thanks...

Tapline said...

Otto, Great Post, Always Faithful,,,,That's a motto somewhere????Oh Well....stay well....

American Interests.blog said...

Tapline: It is tap, thank you as always...

MK said...

"...that I believe ought be characterized as an intellectually neglected cultural and social psychological phenomenon..."

That's a good way of putting it Otto.

The way i see, just look at the top destination of the world's oppressed and downtrodden, it's not Communist China or Socialist Venezuela, it's not Eurabia either. Heck, i've even heard of people leaving Britain after they experience their taxes and NHS.

I admire Americans because of their second amendment, in most parts of America you can go out and get a gun to defend yourself, if you so wish. In most other parts, you can't.

The other thing i admire about America is that they can stand on their own two feet and go toe-to-toe with anyone on the planet, most of us need America, they don't necessarily need us.

If it weren't for them, we'd be speaking Japanese now, perhaps some need to experience that to learn from it, but i sure don't.

USA - Number 1, choke on that haters.

GrEaT sAtAn'S gIrLfRiEnD said...

How would Uncle Tony put it?

"There never has been a time when the power of America was so necessary or so misunderstood, or when, except in the most general sense, a study of history provides so little instruction for our present day.

There is no more dangerous theory in international politics today than that we need to balance the power of America with other competitor powers, different poles around which nations gather. Such a theory may have made sense in 19th-century Europe.

And then reflect on this: How hollow would the charges of American imperialism be when these failed countries are and are seen to be transformed from states of terror to nations of prosperity, from governments of dictatorship to examples of democracy, from sources of instability to beacons of calm?

And I know it's hard on America. And in some small corner of this vast country, out in Nevada or Idaho or these places I've never been to but always wanted to go--I know out there, there's a guy getting on with his life, perfectly happily, minding his own business, saying to you, the political leaders of this country, "Why me, and why us, and why America?"


And the only answer is because destiny put you in this place in history in this moment in time, and the task is yours to do."

http://greatsatansgirlfriend.blogspot.com/2007/02/uncle-tony.html

Great essay OtToBaBe!
Much appreciated from ya'll's crazy cuz's.

Z said...

amazing you'd write this so recently! I was literally JUST toay thinking about how the other countries in the world AND our Left are hammering America into mediocrity (it's all our fault, capitalism is cruel, socialism is wonderfully kind, 'if we have nukes, why can't they have nukes?', etc etc...you know that story, putting ourselves on an equal footing with Iran by having our president talk to their monster, ALL of them!)...anyway, with mediocrity apparently what Obama or Hillary want for us...who WILL lead the world in ANY type of recovery?
Be careful what you wish for, world. And leftistas...it isn't pretty!

Good post, Otto!

American Interests.blog said...

mk: Hey, I'm not surprised you like the way I put it...certainly form an international security perspective you are quite correct, "most of us need America, they don't necessarily need us.
". Thanks for coming by mate, haven't had time to get around to other sites but will address that next week.

heidianne jackson said...

teddy roosevelt once said that he wished "americans would understand that american politics are world politics." same could be said about american economics or american security.

capitalism is not cruel any more than the free market destroys economies. if that were the case communist china wouldn't be going after it so hard - pretty funny considering they want that freemarket to apply to the government but not to the consumers there. however, there are benifits that make their way down to indivdual citizen - trickle down economics and all that :)

thanks, for the reminder of what anyone with a brain SHOULD know, otto. sorry i've been neglecting you lately, i'll be by more often, i promise...

heidianne jackson
http://biggirlpants.typepad.com

American Interests.blog said...

GSGF: Wise lad, Uncle Tony. I could not have expressed better!

Z: The left have much work ahead, to think that they'll "hammer America into mediocrity". The "leftistas" cannot be part of any intellectual discourse for they lack the former...

American Interests.blog said...

Heidianne: ""americans would understand that american politics are world politics." same could be said about american economics or american security."

My word it can! Thanks for coming and no need to apologise Heidi. Come around when your circumstances permit...many thanks!

David Schantz said...

MK, "If it weren't for them, we'd be speaking Japanese now,". It's that time again, Memorial Day. One of my Uncles was Killed In Action while serving on the USS SouthDakota,fighting the Japanese. Because of him and others like him we are allowed to sit at our key boards.

God Bless everyone that is now serving or has ever served in the United States Military. I want to wish everyone a Safe and Happy Memorial Day.

God Bless America, God Save The Republic.

American Interests.blog said...

David: Thank you and Happy Memorial Day to you and all...