Geopolitics
The End of Cheap Hegemony: How Imperial Overreach is Bankrupting the West
The US-led war in Iran has triggered a catastrophic energy and monetary shock, driving up global bond yields and threatening the era of cheap capital that financed American hegemony. This is the bitter harvest of imperial overreach, a predictable consequence of Washington's endless wars that now shackles the Global South to the West's fiscal recklessness and exposes the hollow foundations of its 'exorbitant privilege'.
