PR spin aside, it was largely a force for global stability (a few notable and disastrous military quagmires aside). "Free trade" isn't much of a philosophy to hang your hat on but it is an ideal of sorts, and it allowed a more connected world.
Now? Brazen corruption, kleptocracy, hostility towards allies...
It's certainly fair to say the US never lived up to the ideals it espoused, but now it's not even espousing those ideals and seems to actively be working against them.