U.S. power is declining, but globalization is not
The June 8 Viewpoints article, “The new world disorder,” was an interesting commentary by former military correspondent Richard Parker. He points out that as globalization declines, America must reinvent itself with a new vision to influence the world.
Globalization is not declining, but expanding and becoming more competitive and creative. With more politically diversified players on the global market since the collapse of the USSR and its Eastern Bloc allies in the late 1980s and ’90s, globalization has opened unprecedented opportunities for new global trade partners.
With the recent developments in Ukraine and new Russian influence on the political stage, the U.S. Senate Armed Services Committee had no choice but to approve a plan that would add $100 million to the U.S. military budget to start work on a new U.S. rocket engine and eliminate reliance on a Russian-made engine used to lift big government satellites into orbit.
Globalization is not declining, but American political power is. Business goes on as usual.