by jeorge » Thu Oct 16, 2008 10:06 am
The American empire is kaput. Neither John McCain nor Barack Obama realizes that fact yet, but the myth of the omnipotent unipower, the essential nation, the country which declares that what it says goes, has been exposed to all. The Iraq debacle sullied Washington''s reputation, but did not destroy the illusion of American indispensability. Assorted politicians, like McCain and Obama, promised to restore US primacy, either through more bluster or better diplomacy. But the financial crash has wrecked the economic basis of America''s imperial pretentions. Washington simply can''t afford to attempt to run the world any longer.
Posted: Thu Oct 16, 2008 10:11 am Post Subject:
What do you guys say? Do you too feel that America has lost its supremacy over the economic world?
Posted: Thu Oct 16, 2008 10:26 am Post Subject:
Lost its supremacy over the world???…. I think it has lost its grip over the world market last two decades. Now the economy more or less evolves around the developing countries. And its evident from the growing amount of FII investment in these markets.
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