The momentum of Asia's economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the Central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea.

Not to mention the fact that of course terrorists hate freedom. I think they do hate. But believe me, I don't think they sit there abstractly hating freedom.

In the long run, global politics are bound to become increasingly uncongenial to the concentration of hegemonic power in the hands of a single state. Hence, America is not only the first, as well as the only, truly global superpower, but it is also likely to be the very last.

We look a little bit disorderly, indecisive, leaderless. That's a real problem, and that's a problem that concerns me particularly on foreign affairs. The presidency, not just President Obama, but the presidency in recent years has lost some of the terrain that they used to dominate in the making of foreign policy. I think President Obama has to make a serious effort to regain it because he lost some of it himself.

But if Russia is to be part of this larger zone of peace it cannot bring into it its imperial baggage. It cannot bring into it a policy of genocide against the Chechens, and cannot kill journalists, and it cannot repress the mass media.

Today we are again witnessing the emergence of transnational elites ... [Whose] ties cut across national boundaries ...It is likely that before long the social elites of most of the more advanced countries will be highly internationalist or globalist in spirit and outlook ... The nation-state is gradually yielding its sovereignty... Further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position.

America is the only superpower. But our leadership is being tested in the Middle East, and some of the things that we have done in the Middle East are contributing to a potential explosion region-wide. And if that explosion gets out of hand, we may end up being bogged down for many years to come in a conflict that will be profoundly damaging to our capacity to exercise our power, to address the problems implicit in this global awakening, and we may face a world in which much of the world turns away from us, seeks its own equilibrium, but probably slides into a growing chaos.