Whether pundits and policymakers admit it or not, the United States is a great power in relative decline. It is not like the former Soviet Union and soon to fall into the dustbin of history; nor is it akin to ancient Rome with the Goths at the gates. Nevertheless, with policymakers and analysts alike embracing the idea that a new era of great power competition is at hand, they simultaneously acknowledge that the United States' "unipolar era" is over. Relative to rising great powers such as India or (more dramatically) China, the United States is declining.
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