I think by definition there can only be one hyperpower at a time. If there's more than one, they go back to being superpowers. But that's semantics.
You really think the EU will be a superpower? I find that extraordinarily doubtful. Until the EU can field an army (which it won't be able to for a loooong time) it doesn't really represent a force to be dealt with. Keep in mind that the reason economic size is so important in terms of international power is exclusively because of its ability to be translated into military power. This is because any state's first goal is survival. If it feels it is at risk of destruction, it will resort to violence to survive. Fortunately we are arriving in a day and age when other means are often tried first, but in the end, states that see their futures in the balance will fight combative war.
As for the argument of "investment vs. domination" aren't they the same in many respects? After all, China has invested in US debt and it's your argument that because of this, China effectively rules the US economy. America rose to be the greatest empire in this very same way. We only militarily dominated at first, then we won hearts and minds and wallets (and cast down the USSR, so econo-military might certainly played its part.)
You really think the EU will be a superpower? I find that extraordinarily doubtful. Until the EU can field an army (which it won't be able to for a loooong time) it doesn't really represent a force to be dealt with. Keep in mind that the reason economic size is so important in terms of international power is exclusively because of its ability to be translated into military power. This is because any state's first goal is survival. If it feels it is at risk of destruction, it will resort to violence to survive. Fortunately we are arriving in a day and age when other means are often tried first, but in the end, states that see their futures in the balance will fight combative war.
As for the argument of "investment vs. domination" aren't they the same in many respects? After all, China has invested in US debt and it's your argument that because of this, China effectively rules the US economy. America rose to be the greatest empire in this very same way. We only militarily dominated at first, then we won hearts and minds and wallets (and cast down the USSR, so econo-military might certainly played its part.)