Written by Thorbjorn Waagstein
As the US is overstretching its military power and the centre of gravity of the world economy is shifting towards Asia and Latin America, the formerly so mighty US empire is in decline. With no single new superpower emerging, we are inexorably moving towards a multipolar world. Decline is always difficult to manage and with the unprecedented US military power the process is extremely dangerous. Will the US be able to manage this gracefully?