How America Became the World's Dispensable Nation [View All]

This is from Monday, but I didn't find it in a search. Sorry if it's been posted already.

This is well worth a read... especially in light of China's statement on the dollar earlier this week.

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By Michael Lind
Whitehead Senior Fellow

The Financial Times
January 25, 2005

In a second inaugural address tinged with evangelical zeal, George W. Bush declared: "Today, America speaks anew to the peoples of the world." The peoples of the world, however, do not seem to be listening. A new world order is indeed emerging - but its architecture is being drafted in Asia and Europe, at meetings to which Americans have not been invited.

Consider Asean Plus Three (APT), which unites the member countries of the Association of Southeast Asian Nations with China, Japan and South Korea. This group could become the world's largest trade bloc, dwarfing the European Union and North American Free Trade Association. The deepening ties of the APT member states are a big diplomatic defeat for the US, which hoped to use the Asia-Pacific Economic Cooperation forum to limit the growth of Asian economic regionalism at American expense. In the same way, recent moves by South American countries to bolster an economic community represent a clear rejection of US aims to dominate a western-hemisphere free-trade zone.

Consider, as well, the EU's rapid progress towards military independence. American protests failed to prevent the EU establishing its own military planning agency, independent of the Nato alliance (and thus of Washington). Europe is building up its own rapid reaction force. And, despite US resistance, the EU is developing Galileo, its own satellite network, which will break the monopoly of the US global positioning satellite system.

The participation of China in Europe's Galileo project has alarmed the US military. But China shares an interest with other aspiring space powers in preventing American control of space for military and commercial uses. Even while collaborating with Europe on Galileo, China is partnering with Brazil to launch satellites. And in an unprecedented move, China recently agreed to host Russian forces for joint Russo-Chinese military exercises.

http://www.newamerica.net/index.cfm?pg=article&DocID=2188