The gatherings in China this week could be read as a
striking, maybe even defiant, message to the United States and its allies. At
the very least, they offered yet more evidence of a burgeoning shift away from
a US-dominated, Western-led world order, as President Donald Trump withdraws
America from many of its historic roles and roils economic relationships with
tariffs.
Will it be right to say that it is the beginning of the end
of US hegemony? It is a transition from uni-polarity to multi-polarity. The US
is losing its ability to act unchallenged. The world is moving towards competitive
coexistence, where Washington remains powerful but will have to share space
with Beijing, Moscow, and other rising centers of influence. It looks less like
a sudden collapse, and more like a slow erosion of dominance.
For nearly eight decades, the United States has been the
undisputed leader of the world, setting the rules of politics, trade, and
security. But today, cracks in this dominance are becoming visible.
The rise of China as a technological and economic
powerhouse, Russia’s defiance of Western sanctions, and the growing
assertiveness of regional blocs such as BRICS and the Shanghai Cooperation
Organization are eroding Washington’s monopoly over global influence. Even
long-time allies in the Middle East and Asia are quietly hedging their bets,
diversifying partnerships beyond the US.
At home, the super power faces mounting challenges, a
polarized political system, unsustainable debt levels, and an exhausted
military stretched across multiple conflict zones. Meanwhile, the US dollar,
once an untouchable pillar of global finance, is slowly facing competition from
alternative payment systems. Yet, it is premature to declare the end of US
power.
History suggests that hegemonies rarely fall overnight. The
American era may not be over, but its golden age of unquestioned dominance is
clearly behind us.
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