The stakes in the debate on American decline are big. Exaggerated views of demise can create a self-fulfilling prophecy at home, encourage global troublemakers, and produce world economic and strategic instability.
Let’s set the record straight. America has had the most competitive major economy in the world over the past several years, according to the World Economic Forum. Only the small states of Switzerland, Sweden, Finland, and Singapore sometimes eclipse it. Even the European Union countries are now looking to America to help them out of their debt crisis, as ironic as that may sound.