America Is Not Declining

Photo from flickr

The Myth of America's Decline -- Walter Russell Mead, Wall Street Journal

Washington now has added China, India, Brazil and Turkey to its speed-dial, along with Europe and Japan. But it will remain the chairman of a larger board.

The world balance of power is changing. Countries like China, India, Turkey and Brazil are heard from more frequently and on a wider range of subjects. The European Union's most ambitious global project—creating a universal treaty to reduce carbon emissions—has collapsed, and EU expansion has slowed to a crawl as Europe turns inward to deal with its debt crisis. Japan has ceded its place as the largest economy in Asia to China and appears increasingly on the defensive in the region as China's hard and soft power grow.

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My Comment: The U.S. will still be "Chairman of the Board" .... but it is going to be a big Board of Directors (i.e. major world powers).