On February 13, 2008, Xinhua published an interview with Dr. Vassilis K. Fouskas, a senior lecturer in International Relations at the University of Stirling in U.K. The report summarized the key points of the interview as the following:
1) Comparing with 1947, U.S.’s economic status is challenged with a shrinking proportion in world trade and a softening economic power. 2) Bush administration’s response to 9.11 terrorists attack is the consequence of U.S.’s sliding economic status. The purpose of continuous resorting to military power is to protect its fading super power in the world economic structure. 3) 9.11 became the new turning point for U.S. to carry out its new imperialistic strategy. War against terror can continue for ever to deal with terrorism, which has replaces communism as the main target. 4) The subprime mortgage crisis shows that certain socialistic economic management is correct. U.S. government will find it difficult to handle fundamental social political economic problems. Peaceful expansion of Europe and Asia will finally replace the U.S. hegemony.
Source: Xinhua, February 13, 2008