With the era of American "declinism" upon us, it is worth recalling that we have heard it all before – often alongside equally compelling arguments that Americans, and US leadership, have never had it so good. America’s glass is always simultaneously half empty and half full.
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FLORENCE – At the recent annual meetings of the American Economic Association, there was widespread pessimism about the future of the United States. “The age of American predominance is over,” declared one economist. “The US should brace for social unrest amid blame over who was responsible for squandering global primacy,” said another.