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I'd imagine that one could say the need for empires or their overall importance died once America won the culture war. Sure a country can come up and be a bigger economy than us, but they will never have the same influence that we have. Rather than with bullets we used blue jeans and ipods to rule the world and no one can take that away.

Also don't worry about China. They're so many problems there that it's closer to a box of TNT than a country.