Abstract

We live in an era of contradictions: globalization and fragmentation, peace and conflict, prosperity and poverty. Only when one or more of these tendencies wins out will our era gain a name of its own, displacing the awkward post-Cold War tag line. But amid this uncertainty is the stark reality that the United States is the most powerful country in the world?first among unequals. Still, this is a description, not a purpose or a policy. The fundamental question that confronts America today is how to exploit its enormous surplus of power in the world: What to do with American primacy? It must be said at the outset that Americas economic and military advantages, while great, are neither unqualified nor permanent. The country's strength is limited by the amount of resources (money, time, political capital) it can spend, which in turn reflects a lack of domestic support for some kind of American global empire. De Tocqueville's observation that democracy is ill suited for conducting foreign policy is even more true in a world without a mortal enemy like the Soviet Union against which to rally the public. Moreover, U.S. superiority will not last. As power diffuses around the world, America's position relative to others will inevitably erode. It may not seem this way at a moment when the American economy is in full bloom and many countries around the world are sclerotic, but the

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