As American Power Declines, The Global Order Fractures

The Global Order Fractures As American Power Declines -- Financial Times

Harold Macmillan, the prime minister who watched US power rise as the British empire crumbled, used to say that Britain would play ancient Greece to America’s Rome.

These days it looks as if Rome is declining too. The US finds it increasingly hard to drive forward its vision of international trade and economics over the objections of big emerging-market countries.

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My Comment: It is very hard to promote an international view of trade and economics when your own economy is in the toilet. In my travels abroad I have lost count on the derision and contempt that many foreigners now tell me when they talk about President Obama and his economic policies .... with such a sentiment it should not be a surprise to then see how weak the U.S. is when it tries to influence world policy forums on trade, currency value, and economics.

The global order as we know it is fracturing, and as long as the U.S. continues with the 'insane' economic policies of heavy debt and no fiscal discipline .... this decline will only quicken.