The Shift From American Hegemony to Imperial Collusion While the era of American hegemony has been fading for some time, it is now being replaced by competition and, in parallel, collusion among three imperial great powers: the United States, China, and Russia. While the demise of the liberal hegemon has been a gradual process, renewed great-power competition has emerged suddenly. It is characterized by attempts to demarcate geographical as well as digital zones of influence. This development