After WW1, the depression and WW2, America emerged as the dominant capitalist world economic power. The US revived Europe with the Marshall Plan, rebuilt Japan and rebuilt the world economy.
In the past couple of weeks the US has moved to isolate and collapse the Iranian economy, imposed sanctions on Turkey which has collapsed the Turkish Lira, imposed sanctions on Russia (over the Skripal poisoning of all things !) which has sent the rouble and Russian stock markets plummeting and carried out trade war measures against China.
How long can this continue without impacting the world economy ? How long till the chickens come home to roost ?
