Adam Tooze (via The Browser)
"Imagining a really bad future for American leadership in the world economy? Want to know what hegemonic malfunction really looks like? Check out the politics of Washington DC, in the immediate aftermath of World War I! The combination of domestic and international policies adopted at that point was uniquely counterproductive and reflected a crisis on the US home front that is underrated in its severity."
https://adamtooze.substack.com/p/chartbook-304-hegemonic-malfunction?ref=thebrowser.com