America’s Suicidal Statecraft
America's strategic decline, particularly in the Middle East, has more to do with its incompetent use of power than with the emergence of competitors. But, by unleashing Islamist forces and fueling Iran's quest for regional hegemony, the US has paradoxically created favorable conditions for an Arab-Israeli peace settlement.
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Since its victory in the Cold War, America’s global hegemony has rested on three pillars: economic power, military might, and a vast capacity to export its popular culture. The recent emergence of additional powers – the European Union, China, India, and a Russia driven to recover its lost status – has eroded America’s capacity to shape events unilaterally.