Over on his Foreign Policy blog, Dan Drezner skewers the newly fashionable notion that America is in decline. It’s a refreshing and badly needed corrective to the chorus of naysayers who start at every shadow. There is a kind of hypochondria of power that is all too prevalent among US pundits; part of it is simple ignorance of history and the nature of US aims and capabilities, part is a general pessimism about capitalism and the human condition, and part is a healthy concern for trends that, left unchecked, could well result in big problems down the road. And there are all those people who confuse the ongoing decline of the blue social model with the health of the United States.
Drezner nails it here:
Since the Second World War, the pattern in the global political economy has been for the United States to adjust to systemic shocks better than any potential challenger country. A lot of very smart people have predicted that this time was different — the United States wouldn’t be able to do it again. These trends suggest that maybe, just maybe, that might be wrong.