@Ken:
You may see a grand strategy with some 'disruption' effect doing magical things in the world.
I see a wasted decade instead.


See; I'm a German (surprise!), and Germany has learned long ago (and then re-learned and again re-learned, hopefully with lasting effect) that it's the economy, stupid!
We had the greatest expansion of our wealth in times of peace with little participation in foreign political conflict (we weren't supplying the refrigerator of the Cold War).

The U.S., UK, France and most of all Russia have not applied this insight very well. Germany didn't either for two generations, with the most spectacular effects of all.

The U.S: economy poisoned itself during the last decade. An energetic national policy could have turned this around, but the nation's attention was in great part captured by foreign affairs and partisan clashes instead.

Just as a reminder; using U.S. statistics (CIA World Factbook, bea.gov trade data) I calculated that the population of the U.S. produced 18.25% less goods in 2008 than it consumed & invested. This already assumes the services balance surplus as goods production (because it's worth the same in trade).
Roughly a fifth of the perceived material wealth was illusion, based on debt. It wasn't always like this. The situation deteriorated in the late 90's and became terrible in the 2000's, merely waiting for the bubble to burst. The "recovery" today is a return to this deficit culture, provoking the next crash.

An energetic U.S. national economic policy could have harnessed the nation's potential for urgent and necessary repairs during the GWB administrations.
Instead, the attention (and fortune) was wasted on great power games.
The Chinese were smarter, much more subtle - and much more successful.