At a time when the US economy remains fragile, Europe’s financial crisis is fueling an existential funk, and Japan’s deep structural malaise continues, the West's decline seems undeniable. But there are good reasons to doubt conventional wisdom, beginning with the West's growing awareness of its new, reduced position in the world.
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PARIS – In 2005, at the Royal Academy of Arts in London, a prestigious exhibit sponsored by the Chinese Government, “The Three Emperors,” celebrated the greatness of Chinese art. The show’s central piece was a giant painting in the European (Jesuit) style depicting the envoys of the Western world lining up to pay respect to the Chinese emperor. The message could not have been more explicit: “China is back.” The West would have to pay tribute to China in the future the way it had kowtowed to it in the past.