"Globalisation Is a Two-Way Street, and the US Now Finds Itself Receiving as Well as Transmitting"

"It is a little early to be making predictions of America's demise. Let’s not forget, the US still has a virtual monopoly over the means of production and distribution. As well as movie studios, that includes most streaming platforms and social media: Netflix, Amazon Prime Video, HBO, Apple TV+, Disney+, YouTube, Facebook and Spotify (Swedish-owned but headquartered in the US). If the US can continue to pool the world's talents and use them to make great art–as it often does–that could still be a good thing.
"But if insularity, nationalism and ruthless opportunism are America’s future, the rest of the world might well decide it can live without it. "

Steve Rose at The Guardian writes about "how the US lost its grip on pop culture."