Maybe at this moment. Keep in mind that some of the countries in the picture are going to default... Every empire in the history has fallen, so will US/EU one.
If one of these bigies defaults, all of them will. How do you think things will go in China if all of there mayor buyers wouldn't be able to buy anymore, there economic growth would stall completely. There semi-capitalistic system would collapse to, resulting in major uproar!
If the bigies default, there'll be global panic (all banks'll have to default to, since a lot of there assets become worthless (state paper), money will be worthless because there's no lien anymore for it, no one will be able to access there live savings, pensions can't be payed, companies can't get loans). That's why they'll never default. They'll nationalise banks and buy there own loans out, but they will never default willingly! The consequences of a nation like Japan or even Italy that defaults are enormous. I wonder how long Japan will be able to keep there AAA rating with an outstanding public debt of about 230% there GDP
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I think those countries aren't going to default, that's why I think you're counterargument is irrelevant. + the US and EU aren't empires like medieval France or the British Empire, they are ideas that live in peoples mind. As long as enough people believe in them, they exist. There's not one person (or a very small group of people) in charge, but hundreds, even thousands, so anyone can feel like: 'I have the mission to lead this people' and overthrow a gouvernement by reason/arguments. That's the big difference between democratic nations and empires, where the empire has authority over everyone but God (I know, most of the monarchs and empires where just puppets in the hands of there personal council, but then those men where in charge). If you want to overthrow an empire, you'll have to use force, not reason/arguments. Trying do destroy an Empire, is killing the Empire (and there heirs). Trying to destroy a democratic system by force is like hitting water. You can kill thousands of people, but they'll be replaced anyway, because they all share a common enemy: you. Kill off the 10 leaders of China, and the Triads take over the complete country and you'll find yourself in a very favorable position when negotiating. Wipe out the complete european parlement, prepare for severe retaliation.
