Election Year in America – greaterkashmir

Critics say that American dominance, like the British Empire after World War II, is in decline. High inflation, mounting debt, and trade protectionism with would-be nations have made the American dream look bleak for the first time. Every generation since the Great

Depression America is enjoying better life chances than a generation ago. For the first time, young people are skeptical. Young people are asking questions about shrinking jobs, climate change, the effects of the pandemic and the loss of respect for the US for its economic policies. The conversations of young people are about high interest rates on car loans, the government’s policies on credit card debt and mortgages. Increased taxes and less money for health care investments and new businesses with rising unemployment are typical concerns of both Trump and Biden. However, on health and immigration, the two have different views. Biden is soft on immigration policy. He sees immigration as an asset and potential for the US, while Trump favors selective immigration and promises a strict entry policy. Biden wants to strengthen affordable health care, while Trump has no clear policy on health care. Trump favors extending tax cuts, while Biden favors raising taxes above a certain income limit. Trump is a harsh critic of China. He wants to impose a sixty percent tariff on Chinese goods, otherwise a ten percent tariff on all imports. Biden is more lenient on tariffs and is in favor of increasing production. Trump has selective acceptance of friendly countries than Biden has of close relations with

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In addition, there is growing despondency among American economic experts. It is about the failed US policy. In the COVID years, until March 2023, money was pumped into homes. People would receive higher wages

packages during the lockdown than usual. Money supply was over 27 percent. This made

growing business and real-state politics were more visible in the interest rate issue than in the belief in the dynamics

money supply. Since March 2023, inflation has increased from 1.4 percent to 3.4 percent.

Critics say it is bad monetary policy that focuses more on interest rates and leaves behind

conventional “Qualitative Theory of Money”. The results are that central banks do not trust financial

system. This caused gold prices to rise and the dollar to be “weaponized.” China is

leading country in gold accumulation.

Both processes are happening simultaneously. On the one hand, the US imposes sanctions on countries that have potential for trade and value in their geopolitical location. These sanctions have not worked. The power elite in these countries see US sanctions as a new glue to their legitimacy, rallying around the flag. China is exploring business partnerships around the world without any consideration. BRICS and others ignore the dollar as the only form of trade. It is in their own currencies, which means the dollar is slowing down. The US has to change its financial policy because critics would say that it may not be in the same way that the British pound sterling collapsed just after WWII, but it does herald the gradual decline of the US as the only superpower in the world.

China’s unprecedented rise over the past three decades has been astonishing. Europe achieved it in three centuries. China has combined communism and capitalism to create a distinct model of private-public prosperity and state-controlled development; what India, through its founding fathers, envisioned as its long-term policy. Its three-decade rise and poverty alleviation, rural transformation success stories and infrastructure networks are seen as the greatest miracles ever witnessed.

So what worries Americans? Regardless of Trump’s June 11 verdict, China’s rise

is of the utmost importance, both directly and indirectly, in domestic and foreign policy

American think tanks. It is China’s expansionism through OROB, influencing American allies

and American rivals with equal strength. America would like India and the Southeast Asian countries

to see that Xi Jinping is not Deng Xiaoping. Americans see Xi Jinping as an aggressive hegemonic leader who moves within the parameters of a market economy with the predominance of public ownership and the state to trap the world in business chains. If Deng opened up the world to the open market system, Xi Jinping’s opening up to the world aims to go beyond Asia to oppose US hegemony and wash away the last stains of “a hundred years of humiliation” by taking full ownership of Taiwan. China does not want military bases like America, but the connectivity of business corridors around the world.

Both India and Southeast Asian countries, while respecting the proximity of the US, also want to maintain a fundamental distance from China. Instead of falling completely into the basket of America, these Southeast Asian countries have their own policy of strategic adjustment with the two superpowers. Most likely, these countries do not want to give the US or China any advantage in the Southeast Asian Sea more than proportional. This irritates America. The US is courting Pakistan and the Philippines with new concerns. In the case of Pakistan, US interests converge with China on the issues of Taliban and radicalization of Islam. The US has been generous in providing aid and rewarding international aid agencies in return. China, Pakistan’s all-weather friend, enjoys this tacit understanding, which, in addition to its anti-India policies, has strengthened the implementation of communist doctrine to unify the regions of Xinjiang, Gansu and Ningxia, where a significant number of Muslims live. Although there seems to be a civilizational cycle issue in China’s development, China is not abandoning its past actions to make it a BRICS or G7. NATO has lost its clout, and Russia’s dependence on China has grown immeasurably.

Despite dissatisfaction with economic policy in the US, there are experts who see America’s rebirth

by predicting the potential of immigrants. The failed Melting Pot thesis in post-COVID

the scenario proved that the American journey had taken a new direction, a “more promising path in

cultivating education towards the emergence of new hybrid identities and transcultural competences.

These hybrid cultural styles creatively combine elements of old culture with new,

releasing new energies and potentials. They perceive the IA of Silicon Valley and the diverse nature

immigrants underestimated potential in political discourse. The highly publicized American crisis,

they perceive as inhibitions of the white American upper class resulting from unprecedented

economic influence of large corporations. For students from Asian countries who settle in

America is no longer the lower class, a challenge to not pathologize. This confirms that maturing

America from melting pot assimilation to accepting pluralism as the new reality. The notion of intergroup accommodation in a pluralistic society, which India has shown as the way, is to be an “ode to a diverse and democratic ethos” to be treasured for future generations. America sees this as a civilizational experiment for the future. It would be a new America, where both Republicans and Democrats would have to make a policy shift that would include blacks, Asians and white working class in the unity of merit, public acceptance. AI and data reveal that America’s potential continues to flourish to attract talented, ambitious youth from all over the world to create their future.

Prof. Ashok Kaul, Emeritus Professor of Sociology, Banaras Hindu University