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American Hegemony Bites The Dust

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A new chapter in economic history has begun, one in which the United States will no 
longer play its former dominant role. A process of redistributing money and power around the world -- away from America and toward the resource-rich countries and rising industrialized nations in Asia -- has been underway for years. The financial crisis will only accelerate the process.

Looking at his defeated adversary, George W. Bush, brought down by military and economic failure, Iranian President Ahmadinejad observed: "The American empire in the world is reaching the end of its road, and its next rulers must limit their interference to their own borders." 

Truer words were never spoken.

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http://www.paulcraigroberts.org/

Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He was awarded the Treasury Department's (more...)
 

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Mr. Roberts... by mikel paul on Tuesday, Oct 28, 2008 at 11:22:39 AM
But minds don't change that fast ... by TomK on Tuesday, Oct 28, 2008 at 1:19:21 PM
Orwell by Maxwell on Tuesday, Oct 28, 2008 at 1:37:16 PM
TomK by jeff prager on Tuesday, Oct 28, 2008 at 3:03:21 PM
Point of fact ... by Mr M on Tuesday, Oct 28, 2008 at 4:43:35 PM
The downward sprial begun 28 years ago by Stanimal on Tuesday, Oct 28, 2008 at 5:11:23 PM
These are really volaitle times... by Christian de Coninck on Wednesday, Oct 29, 2008 at 10:44:07 AM
Hegemony by Archie on Wednesday, Oct 29, 2008 at 2:53:54 PM
Premature Obituary by Kris Malmquist on Friday, Oct 31, 2008 at 3:37:04 AM