Will US decline soon?

Edited and Translated by People's Daily Online

In recent years, the world has witnessed the decline in the United States’ international influence since the financial crisis happened. The Wall Street giants did not get any punishment, instead, they beneficiated in this crisis, which induced the Occupy Movement. And media said that the decline era has really come this time. Will US decline soon?

It is too early to answer this question. Unlike China, the United States is a country as young as 235 years old since its birth in 1776.

The United States emerged as the world’s sole superpower after the Cold War. Considering itself the “world leader”, it keeps vigilant to any potential challengers. Meanwhile, it keeps up expanding its arsenal and increasing defense spending, waged wars against Afghan and Iraqi after the September 11 attacks. Back in 1955, the then outgoing President Eisenhower issued in his farewell speech warning about the impact of the U.S. military-industrial complex to politics, which now appear ubiquitous.

The greedy Wall Street capital tycoons, along with the promotion from the Internet, boost various so-called financial innovation products—financial derivatives—for the lack of supervision from government, which led to the financial crisis in 2008. Wall Street financial cliques, the military-industrial complex, and the shortsighted partisan politics have enslaved the real interests of the American people.