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And it became the western world's cultural, economic and military hegemon.

The U.S. has been the undisputed economic hegemon in Latin America for most of the region’s post-independence history.

But according to Mr Jeffrey: "This is a totally unprecedented collapse of a regional hegemon."

And this time around, the U.S., the clear hegemon of the postwar order, would stick around as foster parent.

And because we are still the hegemon, we have a great deal to lose from aggressive actions that court chaos, as opposed to careful measures that stabilize our imperium’s peripheries.