Is the decline of the US empire anything more than a leftist prayer? Believers in US empire decline note three economic factors: the US economic position in the world has seriously weakened, particularly in relation to China; countries are turning away from the dollar as the currency for international trade, which would cripple the US; the US national debt is a weight that will crush the economy.
To have a provocative discussion on this topic, we have invited long-time activist and past speaker Stansfield Smith to return. He was a leader of the Chicago Committee to Free the Cuban 5 and has been active in defense of Venezuela, Cuba, and Nicaragua for years. He has put out the Venezuela and ALBA Weekly News since 2013 and the online newsletter for the Nicaragua Solidarity Coalition for the past three years.
His website is ChicagoALBASolidarity.org. He has published in LA Progressive, Dissident Voice, Council on Hemispheric Affairs, Covert Action, Monthly Review online, and other websites. Relevant articles by our speaker include: Inadequacy of Modern Monetary Theory and the Power of the US Dollar in the World Economy and Why the US Can Keep Increasing its Debt and not Suffer Inflation.
