The country overestimated the effectiveness of military power to bring about fundamental political change, even as it under-estimated the impact of its free-market economic model on global finance. The decade ended with its troops bogged down in two counterinsurgency wars, and an international financial crisis that accentuated the huge inequalities that American-led globalisation had brought about.
https://www.economist.com/by-invitation/2021/08/18/francis-fukuyama-on-the-end-of-american-hegemony
Francis Fukuyama on the end of American hegemony from TheEconomist
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Best regards
Seetha Ram
https://www.economist.com/by-invitation/2021/08/18/francis-fukuyama-on-the-end-of-american-hegemony
Francis Fukuyama on the end of American hegemony from TheEconomist
—
Best regards
Seetha Ram
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