The Brits know a declining world hegemon when they see one — and from where they sit across the Atlantic, they don’t see one. At least that is the take from the Telegraph in a recent piece by Ambrose Evans-Pritchard.Predicting the end of America’s global leadership has been a small cottage industry in pundit-land since the end of World War II. Americans are among the biggest consumers of this kind of analysis; pundits predicted our imminent defeat through all forty years of the Cold War, immediately switched to predict the Hour of Japan, and when that failed soon fixed on the BRICs. It is the Steven King school of punditry: thrills and chills that make for bestselling books year after year.Someday, perhaps, those predictions will be right. If you predict anything long enough, chances are that it will happen. Yet readers of this blog will be familiar with the argument that American preeminence is more entrenched and more enduring than most acknowledge, and so far the United States’ position in the world remains boringly strong.This has very little to do with any strokes of foreign policy brilliance on our part, and more to do with deeper social and geographic factors (as well as a healthy dose of luck). Evans-Pritchard’s piece makes this clear: technological advance and the discovery of new supplies will wean the US off its dependence on foreign energy sources, while a whole range of international and domestic factors — including a dynamic and open society that can support high productivity and demographic growth — are conspiring to resuscitate the national economy.It is much too soon to count the Great Republic out. God, it appears, continues to smile on fools, drunks, and the United States of America.