I think it is worth adding that no one is turning towards China, Russia, or any country to provide global leadership, so while our relative power may be decreasing using the conventional measures of military might and economic power, we still are viewed as the global power that other nations and international organizations turn to when there are serious problems that need to be addressed. We still have the power of our ideas, and moral power that is far from perfect, but is still attractive compared to alternatives.
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