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[QUOTE]Originally posted by Jay the Obscure: [QB] The argument is about the United States trying and generally not doing so well in the attempts to expand hegemonic influence since the mid-1960's as evidenced by America's unexamined triumphalism, as Richard Reeves described it, and as hinted at in the article, the failure of the United States come to grips with the concept of limited warfare. Lebanon, Somalia and The Balkans matter because they represent the failure of the United States to meet the needs of the changing post cold-war times. The whole concept of "balance of power" has been thrown out the window in that, as Wallerstein indicates, there is no post-Yalta balance of power anymore. Or as Peter Novick wrote, the center does not hold. There may be many centers. However, Wallerstein misses an important moment in the decline in American hegemony with the hostages taken by Iran. The ability of the United States to prop up puppet governments has spiraled downward since the fall of Batista in Cuba. With regards to the military might of the United States, the United States beating the pants off of Grenada is like Tiger Woods beating a 2-year-old at Agusta. Not much doubt in the outcome. However, Wallerstein does make the point that in today's world simple military might does not a superpower make. It never has, but since WWII, the economy of the U.S. had either been challenged or so intertwined to the world economy. Now, more than ever, if the world economy goes south, so does the economy of the United States to some degree. This is an interconnectedness that does not reconcile with hegemony. [URL=http://www.foreignpolicy.com/issue_julyaug_2002/wallerstein.html]A Link To The Article[/URL] [/QB][/QUOTE]
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