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News Link • Economy - Economics USA

The American Empire, RIP


The question may seem presumptuous. The idea that the American Century is a relic of the past, and we are entering a "new world order" of divided rather than hegemonic power, is relatively new, and still controversial. There are those who insist it ain’t necessarily so, primarily neocons of the second mobilization such as Robert Kagan, who are quick to reassure all right-thinking patriotic Americans that we’re still Number One and warn against the fatal lure of committing "superpower suicide."

To the rest of us, however – that is, to everyone outside the neocons’ cultic universe – the signs of the Great American Contraction are everywhere, most noticeably in the incomes, productivity, and general economic well-being of ordinary Americans.

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