American Hegemony Is Collapsing Before Our Eyes

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The chaotic crisis in the Strait of Ormuz has revealed how power works in the 21st century. It reminds us that the greatest long-term threat to the United States is not China's increased military might or Russian aggression, but the gradual fragmentation of the system of alliances that has sustained its global leadership since World War II. For eight decades, this strategic asset has been more important than gross military might, as no U.S. riva…