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Superpower America: Hobbling or Toppling?

America is "still No. 1" and "al-Qaeda is still small beer", claims the Economist. Sure, the country’s hurting about losing a war, as "even the greatest empires" would, and "nervousness about the state of America’s "hard power" is growing":
Iraq and Afghanistan (…) have stretched the Pentagon's resources. (…) There is the emergence of China as a rival embryonic superpower, with an economy that may soon be bigger than America's (…); the re-emergence of a bellicose, gas-fired Russia; North Korea's defiance of Uncle Sam by going nuclear, and Iran's determination to follow suit; Europe's lack of enthusiasm for George Bush's war on terror; the Arabs' dismissal of his democratisation project; the Chávez-led resistance to Yankee capitalism in America's backyard. (…) American bankers are worried that other financial centres are gaining at Wall Street's expense. Nativists fret about America's inability to secure its own borders. As for soft power, Abu Ghraib, Guantánamo Bay, America's slowness to tackle climate change and its neglect of the Palestinians have all, rightly or wrongly, cost it dearly. Polls show that ever fewer foreigners trust America, and some even find China's totalitarians less dangerous.
But "America ist being underestimated", the author insists:
If America were a stock, it would be a "buy": an undervalued market leader, in need of a new management. (...) In all sorts of areas—be it the fight against global warming or the quest for an Arab-Israeli peace—America is quite simply indispensable. That is because America still has the most hard power. (...) It will bounce back stronger again.
In the same issue, though, the Economist elaborates on the challenges America is facing:
Its military troubles come at a time when the global strategic balance appears to be tilting away from America. Iran is filling the vacuum created in Iraq, and is accelerating its nuclear programme. China's military punch is growing along with its booming economy. Russia is more belligerent. The transatlantic relationship is loveless. Across the world, anti-Americanism has increased to the point where the United States is often regarded as a threat to world peace rather than its guarantor. Strategists wonder whether the Iraq war has damaged America so badly as to set it on a path to "imperial decline.
But:
important as "hard" military power and economic might may be, these factors are not all that has made America a superpower or even a "hyperpower", as the French once put it. The "soft power" of its open culture and liberal democracy has provided an attractive model and encouraged others to see the world America's way. It has allowed America to multiply its influence through an unrivalled network of alliances. It is politically and diplomatically—and in terms of moral standing—that America has been most damaged.
Fareed Zakaria, on the other hand, writing in Newsweek, locates the problem within the nation itself rather than abroad:
We have become a nation consumed by fear, worried about terrorists and rogue nations, Muslims and Mexicans, foreign companies and free trade, immigrants and international organizations. The strongest nation in the history of the world, we see ourselves besieged and overwhelmed. While the Bush administration has contributed mightily to this state of affairs, at this point it has reversed itself on many of its most egregious policies—from global warming to North Korea to Iraq. (… ) We must begin to think about life after Bush. (...) America will have to move on and restore its place in the world. To do this we must first tackle the consequences of our foreign policy of fear. Having spooked ourselves into believing that we have no option but to act fast, alone, unilaterally and pre-emptively, we have managed in six years to destroy decades of international good will, alienate allies, embolden enemies and yet solve few of the major international problems we face.

These are some things the next president will have to tackle, according to Zakaria:
•    Stop the fear-mongering: "To recover its place in the world, America first needs to recover its confidence. (…) If we are not terrorized, then in a crucial sense we have defeated terrorism."
•    Keep welcoming immigrants: "Perhaps the most hopeful sign for the United States is that alone among industrial nations, we will not have a shortage of productive citizens in the decades ahead. Unlike Germany, Japan and even China, we should have more than enough workers to grow the economy and sustain the elderly population. This is largely thanks to immigration. If America has a core competitive advantage, it is this: every year we take in more immigrants than the rest of the world put together."
•    "Admit that our mission in Iraq has substantially failed."
•    Boil down the military presence in Iraq to "core mission" like fighting Al-Qaeda, securing the Kurdish region and training the Iraqi army
•    Tightly contain Iran
•    Get far more engaged in the Israeli-Palestinian problem, global warming, Darfur, poverty alleviation
•    Listen to emerging Asian countries: "To function effectively in this new world, [America] can lead only through partnerships, collaborations and co-operation. The Bush-Rumsfeld model of leadership—through declarations, threats and denunciations—is dead."
   
Similar to the Economist’s optimism, Zakaria concludes with his own version of wishful thinking: "It is easy to look at America's place in the world right now and believe that we are in a downward spiral of decline. But this is a snapshot of a tough moment. If the country can keep its cool, admit to its mistakes, cherish and strengthen its successes, it will not only recover but return with renewed strength."

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Don S on :

"If America were a stock, it would be a “buy”: an undervalued market leader, in need of new management." And some countries (I won't say who) have been selling (and even even selling short in massive quantity. With new leadership some of these countries have been trying to reduce their short position lest a sudden 'surge' make them bankrupt - but it's hard to do isn't it? ;)

Pat Patterson on :

The polls do indeed suggest that the US is unpopular but why then are so many people, over 100,000 legal Chinese immigrants just last year, coming to the US. While the only people trying to immigrate into China are North Koreans fleeing an even worse totalitarian regime. Seems that outside of the editorial offices, though many of them are waiting for green cards, most of the people of the world are voting with their feet. Slightly O/T but less than 5 miles from where I live was one of the first and last Chinese immigrant communities in Southern California, Barber City. Many had been brought over at the turn of the last century to help finish the Central Union, Henry Huntington's Red Line and to work in the newly planted orange groves. But California of the 20's was not a very welcoming place for the Chinese and American mobs with the assistance of the Los Angeles County Sheriffs Dept. swept through the camp, drove out the residents and burned the entire community to the ground. Yet the Chinese, in spite of its own huge increases in economic vitality, still seem to forgive the US for a multitude of international crimes and are still offering Americans $50,000 for an arranged marriage and the chance to come here.

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