US superpower status is shaken
By Paul Reynolds World affairs correspondent, BBC News website
Will Uncle Sam still bestride the world in future?The financial crisis is likely to diminish the status of the United States as the world's only superpower. On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially. On the philosophical level, it will be harder for it to argue in favour of its free market ideas, if its own markets have collapsed....................................
Thursday, October 02, 2008
US Superpower status is shaken
US superpower status is shaken
By Paul Reynolds World affairs correspondent, BBC News website
The financial crisis is likely to diminish the status of the United States as the world's only superpower. On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially. On the philosophical level, it will be harder for it to argue in favour of its free market ideas, if its own markets have collapsed........................
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