"Models in history are very important, and I think this clearly damages the prestige of the Anglo-American model that we've been pushing," according to Michael Lind, a senior fellow at the New America Foundation (NAF), a Washington-based think-tank. "The Chinese model could now be seen as more the wave of the future."

"People in Latin America, the Middle East, and elsewhere are probably saying, 'The Americans have been preaching this free-market ideology, and look what it did to them, so maybe we should try a different model'," he said. "In terms of competing in terms of soft power, reputation and prestige, I think we've been severely damaged right now." LINK

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