Quote from Greenrush Drew:
Respectfully disagree. America is surely an empire. With military bases in 170 countries and some half a million troops around the world and at a cost of over a trillion dollars per year to the taxpayers, I would say that qualifies.
Also, the US Dollar being the reserve currency allows the US to tax everyone via inflation, and this subtle monetary mercantilism is how empires maintain their steely grip over the rest of the world.
The dollar being the reserve currency is the result of our being by far the largest economy on the planet.
It's a
result of success. When some other country becomes the biggest instead, it will fade naturally. It's not at all an imperial imposition, and it actually results in a profit to us. It's not an expense.
The problem in economics is that everyone focuses on stats instead of getting up and looking at what's happening in real life.
In real life, for instance, Russia exports energy and not much else. That makes it a third-world country.
Western nations export a wide variety of finished products and high value services. That's what makes them first world.
Your status is dependent on what the rest of the world looks to get from you, as expressed by the exports you're able to sell. On that basis, Russia is a backwards basket case. China, Brazil and even India aren't.
It ain't a case of BRIC, but of BIC. But most folks just focus on the stats and don't realize this.
If you look away from the stats, the US is still doing very well, and will continue to do so for as long as we're alive. That's because it still has lots of vital places producing all kinds of things other people want. The rest of the world would kill to have just one of Boeing, Microsoft, Intel, Ebay or Google. The first successful electric car company is Tesla, out of California.
That kind of thing doesn't happen in Russia.
None of it has anything to do with the US being an empire. The US is dominant, but that's an effect of its success. That doesn't make it an empire. Two different things entirely.