Barack Obama and American Power
The problem of American power in the wake of the financial crisis is not one of decline, but of a realization that even the most powerful country cannot achieve its aims without the help of others. Fortunately, Barack Obama understands that.
CAMBRIDGE – One of the first challenges that President Barack Obama will face is the effects of the ongoing financial crisis, which has called into question the future of American power. An article in The Far Eastern Economic Review proclaims that “Wall Street’s crack-up presages a global tectonic shift: the beginning of the decline of American power.” Russian President Dmitri Medvedev sees the crisis as a sign that America’s global leadership is coming to an end, and Venezuelan President Hugo Chávez has declared that Beijing is now much more relevant than New York.
CAMBRIDGE – One of the first challenges that President Barack Obama will face is the effects of the ongoing financial crisis, which has called into question the future of American power. An article in The Far Eastern Economic Review proclaims that “Wall Street’s crack-up presages a global tectonic shift: the beginning of the decline of American power.” Russian President Dmitri Medvedev sees the crisis as a sign that America’s global leadership is coming to an end, and Venezuelan President Hugo Chávez has declared that Beijing is now much more relevant than New York.