United States: Indispensable World Power

During the presidential election campaign, both Barack Obama and his Republican opponent John McCain expressed the view that the United States was and ought to remain the guarantor of international stability and the indispensable stabilising power. Against the backdrop of the present financial and economic crisis and rekindled discussion about the decline of US power, it is easy to overlook the fact that America is structurally superior to all other countries and will remain so for the foreseeable future.