Posted by Bob Lord
The debate about America's decline has been going on for years. It's predicted from both the right and left. Pat Buchanan's books, Where The Right Went Wrong and Day of Reckoning, both are excellent, if you put aside the racist screed in Day of Reckoning. Kevin Philips', American Theocracy, is excellent as well.
The debate takes place at the macro level. The focus is on developments such as military over-engagement, contraction in the manufacturing sector, a bloated, unproductive financial sector, or the dependence on an outdated form of energy. Those who believe we're in decline draw parallels to the decline of earlier societies. Buchanan made the point that both Britain and Germany ensured their own declines by exhausting themselves in World Wars One and Two, and America is doing the same now with its endless wars. Philips points out how America, like Britain and Spain before it, believes it can survive economically by acting as the banker of the world, while it consumes more than it produces.
But what happens at the micro-level?