Perhaps one reason is that US thought that the globalized free trade world system will always benefit it more than other nations. However in the last few years China grew big, and figured out how to make that system work in a manner advantageous to them. So US is under-cutting that system, or in other words changing the rules of the game so that China can't make progress easily.
Fundamental question is will US be ever able to come to terms with a world in which US is not the dominant world power?
Practically if you look at the British or Russians, it doesn't seem to make much difference to the lives of ordinary people, the losing of 'world power' status.
Fundamental question is will US be ever able to come to terms with a world in which US is not the dominant world power?
Practically if you look at the British or Russians, it doesn't seem to make much difference to the lives of ordinary people, the losing of 'world power' status.