If anything its a decline to restructuring and then back to a fight for the top.
The American's have too many levers world wide to truly fall.
They are no longer the industrial giant that they used to be because they farmed out a lot of that to countries that pay a dollar a day in wages, so America really needs to rebuild itself based around technology.
In terms of trade I think America has a trade deficit with almost every country in the world and the easiest market to get entry into, thats a pretty powerful lever if they ever decide to use it.
In terms of energy, I think America is a key importer even though they do have access to a lot of their own energy resources, they also need to restructure where they're getting that energy from, thats a pretty powerful lever.
From a Military standpoint even with China investing heavily in their military and Russia re-investing in theres those two countries are a generation behind in terms of sheer kill ratio ability, and in terms of experience, and that gap is at the very least staying consistant if not growing slightly in America's favor.
I remember it was about 20 years ago or 30 that the Japanese were going to take over the world and become the economic lever of the world and eventually that didn't happen.
China is a major economic power even though their individual GDP is very poor according to the last article I read in the Economist, the Chinese are also extremely dependant on their near one way trade agreements with the States.
While the Indian and other emerging markets are frightening because its tough to compete with their wage scale, eventually there is upwards pressure to increased that standard of living as the economy improves.
While America might decline, they're too powerful and well defined to continue to decline.
Then again I said the same thing about Rome and they nailed me to a tree for that.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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