Judging by the international reaction to the US election, it seems that anti-Americanism may once again be growing. Most people would simply dismiss this by saying "oh who gives a shit what they think." However, with the advant of globalization, our economies are all dependent on each other.
With rising EU and Chinese markets, is it only a matter of time before America is no longer the worlds leading player? If history has taught us anything, isolation will always lead to a nations downfall. Could America face isolation as a result of resentment from the rest of the world?
Anti-Americanism won't determine the market's direction. Self-interest will. Money talks, etc.
And as long as we're the only Western country with a legitimate military, we're not in danger of irrelevance just yet.
"You know what I'm happiest for? I'm happiest for Bill Buckner, Calvin Schiraldi, Bob Stanley, Johnny Pesky, Ted Williams, all of the Red Sox that played before us will now be remembered for the great players and great people they were instead of all the other crap." Curt Schilling
Originally posted by GrimisThe EU will collapse upon itself before they ever compete on an even playing field economically with the US...
The EU isn't what you have to worry about. China and India is what you should be worried about as economic superpowers.
"When did they pass a law that says the people who make my sandwich have to be wearing gloves? I'm not comfortable with this. I don't want glove residue all over my food; it's not sanitary. Who knows where these gloves have been?" - George Carlin
From this month's Harper's Index: Estimated amount the U.S. spends every year safeguarding oil supplies in the Persian Gulf: $50 billion. Estimated value of U.S. crude-oil imports from that region in 2001: $19 billion.