A very interesting take on this issue, which has at times resounded through this very forum, was analysed in a paper delivered for The Centre for Independent Studies in Sydney, Australia on Tuesday.
Entitled "Gulliver Unbound: Can America Rule the World?" by Josef Joffe, a short edited version can be seen here:
And the complete lecture at:
And the conclusion after this analysis - nothing really earth shattering I suppose - we need the USA and the USA needs us.
So I guess if we all work at looking at things in this perspective we'll all get along just fine.