Thanks to a catastrophic series of decisions by presidents of both parties that radically deregulated our financial system and arrogantly dismissed the “lessons of Vietnam” as dusty, irrelevant history, the United States has shortened the period during which it will remain the dominant power in the 21st century. I know, I know, all the presidential candidates say we’re still the best! And so we are, in almost every economic and military measure. But measurements of power are like the altimeter of an aircraft: It’s not the altitude that matters, it’s the trajectory, and by now most Americans finally understand that Captain America is trending downward.
Michael Moran’s Slate Blog about The Future of American Power
