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And why or how is American hegemony good for the world exactly?
Because its has brought the most prosperous and most peaceful era of humanity.
Remember that US hegemony is basically an aberration, an anomaly and accident of history due to Europe destroying itself in WW2.
Its only natural that US hegemony would end, a resurgent Asia and European union and the rise of China and alliance with Russia is just ushering it in faster than we anticipated.