THE CURVE OF AMERICAN POWER
Since the end of the Second World War, the geopolitics of the world-system has traversed three different phases. From 1945 until around 1970 the us exercised unquestioned hegemony in the world-system. This began to decline during the period between 1970 and 2001, but the extent of the decline was limited by the strategy that the us evolved to delay and minimize the effects of its loss of ascendancy. Since 2001 the us has sought to recuperate its standing by more unilateralist policies, which have, however, boomeranged—indeed actually accelerating the speed and depth of its decline.
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