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User Info	Pillars of deflationists' arguments disputed; entered at 2007-12-02 04:58:52
Superportal Posts: 295 Registered: 2007-10-22 San Diego	Lcruiser, The US is undeniably the world's superpower, BUT what matters most is relative power and the future trend. The future trend for the USA is diminished power relative other regional powers. When the power of a hegemon (USA) recedes, the relative cost of maintaining it hegemony increases and simultaneously this lowers the opportunity cost for aggression (political/economic/military) by other states. (because the hegemon is less able to enforce it's ruleset) The result is an increase in systemic instability, uncertainty and risk. Which then impacts the US economic system. At least that's one perspective, a competing perspective might be that of globalists who argue that economic interconnection would reduce aggression, regardless in changes of power of individual states. (I disagree with that conclusion) 2007-12-02 04:58:52