Chauhan pointed out that the U.S. is facing a combination of challenges simultaneously. While the U.S. society is getting older and poorer, the U.S. government is increasingly getting uncomfortable with a multi-polar world.
“Currency (dollar), defence and IP have been the only focus of the US. They tried to remove manufacturing, which was polluting. China took it up. The same happened in Europe, too. Now, the middle America, the one which is not on the east coast, or the west coast, has no job and has been living on the government dole for the last thirty to forty years. All those jobs have gone, and now those guys are frustrated because there is no more social security money coming in,” Chauhan added.
Chauhan said America’s journey upwards started post-World War II, and institutions like the World Bank, the IMF, and the UN were created and run on the U.S. largesse. “The U.S. always had a veto. They were fighting other people’s wars. They were also fighting their whimsical wars. The U.S. has a tendency to be whimsical. They have removed many governments in Panama, Brazil and Argentina on a whim,” Chauhan said, adding that now the hegemony is slowly going to go down. “The upsurge is broadly done, and other countries are going to come up. The U.S. was the only unipolar power in the world; now there are four different groups—the U.S., the EU, China and India,” Chauhan added.
