

I’m envisioning something like what the UK went through after their empire fell post-WW2, but it’ll be much worse because the UK could still rely to an extent on the new American system of neocolonialism enforced by the IMF and World Bank etc, whereas a shift to Chinese hegemony would, unless the Communist Party is liberalized, meaningfully reduce and eventually end imperialist structures.
Unfortunately, the ruling classes of the imperial core will use the working class as human shields and pass on as much misery to them as possible (like Thatcher and Reagan but much worse), so I agree with others who conclude that our job is to try and construct community structures to survive this process, even if we fail to create socialist revolutions (and we might not fail!)
I agree; I think the understated strength of the US and its proxies is their ability to win peaces even after they lose wars, because their true strength isn’t really military, it’s economy and diplomacy and espionage. The US lost the Korean War, and what happened after? The US lost the Vietnam War, and what happened after? The US lost in Iraq, and what happened after? The US lost in Afghanistan, and what is happening after? Their victories take decades to undo, but their defeats eventually lead to victories by suffocating the victor until they accede to a neoliberal world order. You can fire guns at American soldiers, you can dig tunnels to ambush American squads, you might even shoot down American planes, but shooting the world reserve currency is much, much, much harder.
In essence: to go to war with America is dangerous, but to make peace with America is catastrophic. I think the decision for the USSR to not go to war against the US was good (as it averted a nuclear war), but I also think the Soviets were just a little too willing to go along with what the Americans clearly wanted to happen; a resource-intensive contest of proxy wars and espionage and counter-espionage and nuke-building that drained the USSR of resources and gradually isolated them. Abandoning Stalin was a critical error in that regard. It’s my main worry in regards to China, too. Binding yourself to rules of engagement will make you weaker if the person you’re fighting is willing to break those rules at a moment’s notice for even the slightest gain, and the US (and its proxies, especially Israel) is absolutely willing to do that, including among the largest terrorist attacks in human history (e.g. the Lebanon pager terrorist attack). I worry that one day, the US will pull out some economic or diplomatic superweapon or new mechanism and all China will do is go “Hey! That’s not fair!” and then proceed to not do anything in retaliation because doing so would break the rules, and if they go low then we go high!