World domination is an insane objective that necessitates indefinite military and economic control of every nation, which exhausts empires.

Russia doesn't have the capabilities, China isn't pursuing traditional hegemony, and the US can't sustain its dominance. The unipolar superpower days are over.

Domestic issues are appalling and worsening, which hinder the US. However, essential international trade will persist, and numerous large, influential nations will likely restrain each other's dominance, maintaining power balances.

Countries must accept alternative socioeconomic ideologies and government structures because invading nations to impose democracy leads to more violence and upheaval.

Unfortunately, we'll encounter wars and extreme hardship as global power shifts, but it's nice to imagine what could be.

Lenin and Keynes had a good run, but Hayek won the 20th century, and I don't think he'd be proud of the outcome.