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End of White Dominance?

"White dominance is evident in the consumption of resources, in the balance of economic power, in capital flows, in the interpretation of conflicts, and in the writing of history. In all these areas, a new age is dawning," Charlotte Wiedemann writes. For centuries, Europe dominated the world politically and imposed on it a capitalist market economy, which to this day benefits itself more than anyone else.

Wiedemann has some very valid points, but speaking about "the end of white dominance" is premature. Yes, the world seems to be moving towards a multipolar world. However, economy goes hand in hand with military power. The U.S. and its European allies still have the upper hand. Although China looks as a rival, in reality it is still not a threat and it is not a power that could create an equilibrium in geopolitical terms. One has only to look at the American military budget and military bases around the world. That is coupled with NATO's military power.


She argues that a radical change is needed, but she sees no alternative. I disagree with that. Erik Olin Wright has written extensively on the subject of alternatives within and beyond capitalism in Envisioning Real Utopias and in other works. One would say that she is probably averse to any radical leftist alternative. 


"The end of white dominance" (?)