Since the collapse of the Soviet Union, the United States has been the only nation capable of exercising global military power. The US continues to exercise a stabilising influence over a number of potential flash-points around the world, including the Taiwan Straits, the Persian Gulf and in parts of South America.US military power – built on the huge American economy, a vast military budget and bases throughout the world – has prevented a number of crises escalating out of hand.The US-led coali…
