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Would you admit that the UN is pretty powerless in its current state then?
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It is pretty powerless. But better than nothing.
We should ask why UN is pretty powerless. Why? I think the USA is the trouble maker there. If USA does not act like a Bull in UN, then many many things can be figured out/fixed pretty easily.
UN is a in the first place a Diplomatic mediating powerhouse, but USA likes to act as a Bull or Cowboy, USA believes in Fist, does not want to listen to the wisedom of Diplomacy, that's the main reason UN is not yet functioning quite well.
I think when USA starts to realize it is not the chosen World Police, then UN will have a good function to do. But also, when some other big powers rise to same might as USA has now, then those big powers can force USA to act more moderater and force it to sit down and listen and cooperate.
Just my opinion.