Discusses how the rest of the world will view the major powers in the near future. Military power no longer enables them to impose their wills either on weaker allies or on adversaries. Military expenditures are increasingly considered a callous waste of resources, which gives a distinct psychological advantage to the new powers, Japan and China. In poor countries, the masses remain abjectly poor. Rich countries would not tolerate the taxation required to produce aid massive enough to make a difference, nor are there resources enough to bring the poor up to the consumption level of the prosperous. The West is pessimistic about resource limitations, while the Chinese retain the former Western belief in progress. Yet they have little to offer in overcoming poverty--only a means of distributing it more equitably. In the 1970s and beyond, the greatest growth will not be brought about by any government but by the competitive cooperation of the multinational corporations. (Presented at a U.S. Information Agency meeting in Honolulu.) 12 pp.