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<strong>Written By:</strong> N Say
<strong>Date:</strong> 2007-12-29 18:19:25 <a href="/article/114021245-from-hyperpower-to-new-world-disorder">Article Link</a> It became more apparent than ever this year that the U.S. is no longer the world's lone superpower. Instead, there are five superpowers that will define the world for at least the next half-century: the U.S., Chinam, India, Russia and a united Europe. The news came home to Americans on Main St. from tainted Chinese products to the fact that practically every toy sold in America comes from Red China. Boston seniors on group tours of the great capitals of Europe were humbled to discover that their greenbacks had shrivelled in value to 60 per cent of the local currency. And New Yorkers were taken aback that the credit crisis arising from cascading defaults on U.S. subprime mortgages had so weakened the balance sheets of leading financial institutions in the Big Apple that the likes of Citigroup and Merrill Lynch had sought bailouts from state-owned investment funds in Singapore and the United Arab Emirates. Canadians felt it, too, in a 15 per cent gain against the greenback. That America was not in charge in Iraq was widely known for some time. That American global hegemony had severely dissipated was news. Nor was it of the passing variety, like the 1970s U.S. economic "stagflation" that inflated the German and Swiss currencies; or the Japanese boom a decade later in which Tokyo parking spots fetched $90,000. This was different. Mandarins in Brussels now passed judgment on merger proposals between American companies, not hesitating to block them on antitrust grounds. Chinese oil interests in Sudan made Beijing intransigent about Western meddling in Darfur. Russia wouldn't abide Washington's sanctions on Iran. India insisted upon, and received, U.S. support of its nuclear arms program despite predictable outrage from Pakistan, a key U.S. ally in the pursuit of Al Qaeda. It was either that or have New Dehli turn to the Russians. To an unprecedented degree, decisions affecting America were being made elsewhere. A mere 16 years after attaining its lone-superpower status, the crown had slipped, and America's destiny is now shaped by a new world disorder of five superpowers. <a href="http://www.thestar.com/article/289353">http://www.thestar.com/article/289353</a> George Bush has declared the war on terrorism to be the cause of his generation. The cause of Canadian sovereignty will be ours. -- John Godfrey, MP for Don Valley West |
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