Failed policies and poor strategic choices have overstretched the American military and economy, argues Anatol Lieven, professor at the Department of War Studies, Kings College, London...

 ...In his view, the invasion of Afghanistan and Iraq demonstrate the desire of the US to remain a global hegemonic power. This, he said, is being challenged by the resurgence of Russia and China, and the failure of the Iraq war. The current economic crisis and the upcoming presidential election in the US may prompt a change in the American policy. LINK