Where's the king?

I was at a journalistic conference recently, and part of the programme included breakout roundtable discussions, where about 15-20 people gather to share thoughts on the issues of the day. One common sentiment was that after decades of what has been a pretty much unipolar arrangement of world power under Pax Americana, things seem to be creeping towards a more multipolar global order. One catalyst is the perceived deterioration in the reliability of America as global military policeman, free trade protagonist, and financial safe haven. The question was asked, however, that if there is indeed such a marked deterioration, are businesses materially shifting away from America? And the general consensus was that, while some shifts are happening, there's much less and much slower shifting away than one might expect, given the loud and widespread handwringing over America's current state of affairs. Why this dissonance? One might argue that businessmen and entrepreneurs are typical...