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Thesis on America's decline not panning out

'Declinists' have preached the end of US global leadership twice in 30 years. But don't bet against the US. The roots of its power are structural, cultural and geographical.

The structural sources of America's power ensures that it can bounce back from devastating economic crises and costly military interventions.


SOME BT readers may not be old enough to remember a time when the conventional wisdom among the experts was that Japan would overtake America sooner or later. Indeed, in the immediate aftermath of the Cold War and a few years before the American economic boom of the 1990s,...

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