In the long term I see many more countries having more and more economic power. It won’t be just a few very prosperous countries in the world, but rather many countries with high standards of living, more comfortable lifestyles, better opportunity for it’s citizens.
I do think the US is on a bad course right now. The imbalance that is being created by the rich getting richer and employees being paid low wages and doing the work of two people is coming close to a boiling point. However, the economy in the US is picking up, spending is up, unemployment is going down and overall it should help employees have more power. When companies have a hard time filling enough positions wages are more likely to go up, and employees can go to another company down the street if their company is treating them badly.
As far as military power. It would be nice to say that will be less important in the future. Unfortunately, I just watched 60 Minutes and it was a reminder of how horrible and homocidal groups and governments can be. Oy, I can barely think about it it makes me so upset.
I do wonder if the US had a weaker military what would happen? Would it be better? We wouldn’t go trying to “interfere” in other conflicts and wars? Would fewer countries hate us? Fewer target us?