I recommend that everyone spend some time with the cover story by Parag Khanna in today's New York Times Magazine (http://www.nytimes.com/2008/01/27/magazine/27world-t.html?ref=magazine). In "Waving Goodbye to Hegemony," Khanna makes a strong argument that the international political order is no longer the unipolar system dominated by the United States that followed the Cold War.
Due to America's failure to seize the opportunity to build a new, durable world order centered on liberal democracy and free enterprise, an opportunity seems to have slipped away. Khanna argues that a new "Big 3" -- the United States, Europe and China -- now share world dominance among them. He also argues that U.S. power will continue to diminish as a resurgent Europe and booming China compete for dominance in Asia, Africa and Latin America.
It's hard to know anything about history and not acknowledge that all good (or evil) empires must come to an end. The question on my mind is whether America can engineer a soft landing. What do you think?
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