Our gaze might be on the markets melting down, but the upheaval we are experiencing is more than a financial crisis, however large. Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably. The era of American global leadership, reaching back to the Second World War, is over.
A shattering moment in America's fall from power
On Monday, August 6, 1945, after six months of intense firebombing of 67 other Japanese cities,...
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