Alfred W McCoy on American hegemonic collapse

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All stick and no carrot is not good business. Other nations will only tolerate this for so long, IMO. NATO has been on shaky ground before and this could lead there yet again. If, big if, NATO is rendered useless then the world political shift would be like watching a speed chess game.

It's not all stick though.  Europe can afford more governmental spending on other areas due to an American military presence here, for just one example.  America and the EU cooperate on global financial structuring via the IMF and World Bank, instituting policies which are profitable both for European and American businesses.  Similar deals can be found in other places.

I admit I hadn't considered that angle.