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The Rise of the Global South



Aggression and attempts to monopolise technology and finance are hallmarks of the United States' pursuit of unipolar world supremacy, which has sparked a growing backlash from both traditional allies and the Global South.


In opposition to neoliberal finance capitalism, a new civilizational paradigm is emerging as the world looks for alternatives to the current US-centered order. Instead of signalling the end of history, the end of the American century presents a chance for a more just and inclusive international system.


The US has started down a risky path of aggression because of aspirations to use more of its military might against China and Russia. The US administration has been urged to pursue a neoconservative fantasy of global dominance by consulting modern-day oracles like the CIA and allied think groups. But as history has demonstrated, such aspirations frequently result in the fall of the empire itself.


In 2014, the US planned a coup in Ukraine, which set off a chain of events meant to ensnare Russia in conflict and destroy its economy. In retaliation, Russia organised its own military operation and stood up for its own Russian-speaking citizens. In an effort to devalue the Russian currency and stir up internal unrest, the US and its NATO allies seized Russia's foreign exchange reserves and imposed sanctions. But in contrast to what they had anticipated, Russia's trade balance rose and its gold reserves grew, forcing other nations to de-dollarize their economy.


Attempts by the US to maintain influence over European policy have failed too, leading to a nationalist backlash against American hegemony. By destroying the Nord Stream gas pipelines, the US compelled Europe to rely on more expensive US liquefied natural gas, cutting off Germany's access to cheap Russian gas. As a result, European economies have been in a depression and a strong anti-US hegemonic movement is taking hold across European politics.


The Global South has long complained about US dominance, but there hasn't been enough support to forge a real alternative. But recent US moves, such seizing Russia's official dollar reserves stored in NATO nations, have disproved the idea that the dollar is a secure worldwide reserve currency. In an effort to undermine the dominance of the IMF, World Bank, and other institutions governed by US officials, the Global South is now aggressively looking for alternatives to the current US-centered financial order.


The current state of the world reflects a major shift in consciousness, with the Global Majority looking for a free and peaceful way to influence the nature of the international system. This movement comprises the desire for new institutions that put the demands of the general public, the economy, and improving living standards above of the exclusive interests of a financial elite. It goes beyond simply seeking alternatives to the US dollar. This worldwide awakening has unintentionally been sparked by the US desire to assert its imperial supremacy.

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