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Will the US Remain Dominant?

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  • Richard Martin
  • March 4, 2009
  • 10:42 am
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Richard Martin

Richard Martin empowers leaders to outmaneuver uncertainty and drive change through strategic insight and transformative thinking.
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The world economy needs some kind of global currency, or else a power that is willing to backstop international trade and exchange. There has always been an economic superpower (some would say hegemonic) that is at the center of global trade networks and that provides a global currency, or ensures the safety of payments. First it was the Italian city states, then Holland, and Britain, and since WWII, the U.S. Interestingly, all of those centers have also been the dominant and enduring naval power, with an ability to both interdict hostile merchant shipping and directly challenge any other navy in the world.

As long as the U.S. remains the dominant naval power and that its various economic centers stay at the top of the global production and trade pyramids, then it is in no danger of losing its dominant position. However, history has also shown that countries have swung between greater and lesser forms of free trade and protectionism, capitalism and mercantilism, and market driven or regulated economies. I believe we are at the beginnings of a swing towards protectionism, mercantilism and regulation, even to the point of a renewal of state ownership. One could argue that the various nationalisations of financial risks and even assets is only temporary, but in my mind it has already broken the unwritten assumption of the last decades that government can only be bad if it tries to regulate economic activity or be an economic actor.


© 2009 Richard Martin

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Richard Martin, President of Alcera Consulting Inc.

Richard Martin

Richard Martin is the President of Alcera Consulting Inc., a strategic advisory firm collaborating with top-level leaders to provide strategic insight, navigate uncertainty, and drive transformative change, ensuring market dominance and excellence in public governance. He is the author of Brilliant Manoeuvres: How to Use Military Wisdom to Win Business Battles and the creator of the blog ExploitingChange.com. Richard is also the developer of Strategic Epistemology, a groundbreaking theory that focuses on winning the battle for minds in a world of conflict by dismantling opposing worldviews and ideologies through strategic narrative and archetypal awareness.

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