On 9/10/2010 2:44 PM, Doug Henwood wrote:
> <http://www.cfr.org/publication/22897/tricky_new_american_moment.html>
>
> But it remains unclear whether a diminished U.S. superpower—widely perceived to be in relative decline, its global brand tarnished, its fiscal situation perilous, its body politic internally divided and exhausted from two wars—can still aspire to lead.
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People say this after every recession or stock-market crash. In the early 90s everyone was talking about Paul Kennedy's Rise and Fall of the Great Powers.
SA