Xinhua carried an article from The Global Times entitled “The U.S. is Struggling under Globalization; the View of a ‘Declining US’ is on the Rise.” The article starts with the following remarks: “2007 marks the year of the U.S.’ decline.” “The U.S. is following in the footsteps of the former Roman Empire.”
The article cites the following as sufficient proof that the U.S. is going the way of unavoidable decline: Domestically, the U.S. is unable to cope with the domestic sub-prime crisis and the depressed economy. Internationally, the U.S. is unable to defeat Bin Laden and the Al Qaeda. Politically, the U.S. has no solution for Iran’s defiance. Economically, the U.S. is unable to control the price of oil. On the military front, Iraq and Afghanistan are a big mess.
The article also cites articles from the Economist, Financial Times, Der Spiegel, and Focus magazine to support these views. Finally, the article quotes comments by Jin Canrong, a professor at the School of International Studies and School of Public Administration of Renmin University. Jin said that the U.S.’ inability to adjust in the globalization environment has weakened its global influence. He continued, “The U.S. has begun to adjust its policies, but not its self-centered mentality. Any real fundamental change will require time and many lessons.”
Source: Xinhua, January 18, 2008