Suddenly the prospect of surrendering yourself to American custody meant maybe getting tortured to death and maybe getting sexually humiliated as part of the process; everyone saw it was better to die fighting. In days the entire tide of that conflict in that whole region changed; there was no recovering from it.
We're looking at the long unwinding of that story here today, everywhere. Nobody can or will believe in Americans, or even the idea of America, again. That's over now.
I think the only real question right now is how the rest of the world manages the unwinding of dying empires. What does America make, these days? Obsolete cars, "innovative" financial instruments, rented software, GPUs, guns and corn. Did I miss anything?
I sometimes wonder what Britain minus London looks like on a spreadsheet. What's the all-money side of the "only then will you realize that you can't eat money" coin?
Alanis Obomsawin once, often paraphrased, said "When the last tree is cut, the last fish is caught, and the last river is polluted; when to breathe the air is sickening, you will realize, too late, that wealth is not in bank accounts and that you can’t eat money."
I, naively, believe money is useful. But once the last haven is shuttered, once the last rent is sought, once the last hoards of wealth are taxed.... who are you - what is left - when money is not enough to make money?
That’s even worse than the 1920s line that “the Balkans produce more history than can be consumed domestically and have turned to export”.
defend it; New Jersey also was originally a garden. And then water table contamination and ruburban overspill.
@mhoye Hot and cynical take: America makes dollars. That may stop mattering¹, but there aren't any great replacements so far AFAIK and there's a lot of inertia in international trade settlement and so on.
¹ and there are some senior Americans who effectively want it to stop doing that. Another word for 'making dollars' is 'a persistent trade deficit'.