Yves Smith, who edits the authoritative Naked Capitalism blog, adds a cautionary note, arguing: “I think we are inevitably going to go through a rough period as the dollar hegemony fades and no clear successor emerges. But the death of the dollar is nowhere near as imminent as people who are (correctly) fed up with US imperialism would like.”(…)
Why? Sleeper suggests there us a deep disenchantment underway, arguing: “Without civic wellsprings and narratives deep and compelling enough to strengthen a society’s adhesives and disciplines in the hearts of its young, neither free-market conservatives nor world-is-flat neoliberal cosmopolitans can reconcile their professed commitments to ordered, republican liberty with their knee-jerk obedience to riptides of destructive investment that are dissolving republican virtue and sovereignty before our eyes.“(…)

To sum up with words most Americans would understand: “The shit has hit the fan.”