On this show Professor James K. Galbraith argues it has. The role of the military diplomatically is at least in question. Iran has clearly made out best in this temporary truce. No world power is likely to be intimidated by our military superiority, given recent history. Our war in Iran has undermined the confidence of our closest allies. Economist Galbraith argues that the status of the war in Iran presents a direct challenge to the oil/dollar system. And he points out the world in the 21st century is indeed multi-polar, the US is no longer dominating the world and it’s time to come to grips with this new reality and go in the direction of cooperation instead.