Sunday, January 1, 2012

The Decline of the American Empire

The US has the world's biggest economy, the most influential culture, and the most potent military machine, with a budget that equals that of all other nations combined. It is the only power with a global project defended and supported by more aircraft carriers, Fortune 500 companies, and more successful media-tainment conglomerates than any other.

But the last decade has been problematic for the world's only superpower.
America's post-Cold War optimism has given way to pessimism, forecasting a declining power and more crucially, the end of "the American era", 

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