By Dr Stuart Jeanne Bramhall, OpEd News [Posted on Bear Market Issues]
This is the first of two articles exploring the likelihood that capitalism is on the verge of collapse and what a post-capitalistic world might look like.
The third school supports the scenario I believe Wall Street and the Pentagon have in mind, in which the US and its NATO allies confront China militarily to prevent it from replacing the US as the world superpower. Evidence that the Pentagon has already chosen this tact is seen in the strategic alliances it has formed around Middle East and North African oil resources. Many foreign analysts believe that the US wars in the Middle East and Libya are really proxy wars with China over oil resources. They worry that these proxy wars have the potential to degenerate into a full scale war between the US and China -- which would surely destroy both economies.