Get the latest news and updates from Dawn
“My name is Ozymandias, king of kings:
Look on my works, ye mighty, and despair!
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
THE UNRAVELLING OF THE AMERICAN EMPIRE
The undoing of the United States in the Iran war may be far more significant than its defeats in Vietnam, Iraq and Afghanistan.
TL;DRAI
Biden's $280B CHIPS Act revealed US dependence on Taiwan's TSMC, rooted in decades of 'Smile Curve' outsourcing; Iran conflict accelerated this hegemonic erosion. Capital financialization and technology commodification compound decline, reshaping enterprise supply-chain risk in multipolar competition.
3,711 words~17 min read
