The great Wall Street meltdown is a huge economic and financial event. But might it also signal a historic shift in global politics - a moment that both marks and accelerates the decline of American power?
I have just spent the past two weeks in China and India - and it is clear that the thought has occurred to many people there. Whatever the long-term economic impact on Asia of America's financial crisis, a psychological shift is already evident.
The success of the Beijing Olympics in August and the failure of Wall Street in September has been a boost to Chinese self-confidence.
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