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Prologue: "The hippopotamus under the rug" -- The most certain man in the world -- Triumph -- The stealth ideologue -- The rise of Rubinomics -- Larry and Joe -- Portrait of a contrarian -- Children of the boom -- The high tide of hubris -- The last guy at the Alamo -- Reaganites redux -- The canary in the mine -- The king of the street -- Last gathering of the faithful -- Blown away -- Geithner cleans up (with Bernanke at his back) -- Too big to jail -- Larry and Joe (again)

As correspondent for Newsweek, Michael Hirsh has traveled to every continent, reporting on American foreign policy. Now he draws on his experience to offer an original explanation of America's role in the world and the problems facing the nation today and in the future.Using colorful vignettes and up-close reporting from his coverage of the first two post-Cold War presidents, Bill Clinton and George W. Bush, Hirsh argues that America has a new role never before played by any nation: it is the world's Uberpower, overseeing the global system from the air, land, sea and, increasingly, from space as well. And that means America has a unique opportunity do what no great power in history has ever done--to perpetuate indefinitely the global system it has built, to create an international community with American power at its center that is so secure it may never be challenged. Yet Americans are squandering this chance by failing to realize what is at stake. At the same time that America as a nation possesses powers it barely comprehends, Americans as individuals have vulnerabilities they never before imagined. They desperately need the international community on their side.In an era when democracy and free markets have become the prevailing ideology, Hirsh argues, one of America's biggest problems will be "ideological blowback"--facing up to the flaws and contradictions of its own ideals. Hence, for example, the biggest threat to political stability is not totalitarianism, but the tricky task of instituting democracy in the Arab world without giving Islamic fundamentalists the reigns of power. The only way for Washington to avoid accusations of hypocrisy is to allow the global institutions it has built, like the U.N., to do the hard work of promoting U.S. values.

David Halberstam's latest book, War in a Time of Peace, describes the impossible job of the American president in the late 1990s: trying to hold together the international order while governing a complacent country with little interest in the outside world.