Of course it is. China and India are the next thing. The UN will be expanded to include India. The US will lose what little toe hold it has in the Middle East, and US traditional allies will find it more advantageous to side with US's old foe, China.
The Fall of Rome was inevitable, so too, is America's fall from Grace.
Even South America is moving towards the left and away from its love affair with the 'market driven economy'.