The Next Three Futures, Part Two: Possibilities of Another Round of US Hegemony, Global... - 0 views
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Bill Brydon on 13 Jul 11This two-part paper discusses developments at the beginning of the 21st century, using the comparative world-systems perspective to see disturbing similarities, and important differences, between what happened during the late 19th century and the first half of the 20th century and what seems to be happening in the early 21st. We then use this perspective to consider possible scenarios for the next several decades. In Part One, published in the preceding issue, we considered the major challenges of massive global inequalities, ecological degradation, and a failed system of global governance in the wake of US hegemonic decline. In Part Two that follows, we discuss the major structural alternatives for the trajectory of the world-system during the 21st century, positing three basic scenarios: (1) another round of US economic hegemony based on comparative advantage in new lead industries and another round of US political hegemony-instead of supremacy; (2) collapse: interstate rivalry, deglobalisation, financial and economic collapse, ecological disaster, resource wars, and deadly epidemic diseases; and (3) capable, democratic, multilateral and legitimate global governance strongly supported by progressive transnational social movements and global parties, semiperipheral democratic socialist regimes, and important movements and parties in the core and the periphery.