The Amerislump Is Upon Us

Just how fast is the United States sinking? A cautionary tale of declinism -- and the political bloviation it inspires.

BY SUSAN GLASSER | OCTOBER 17, 2011

Conservative agitator Pat Buchanan's new book says America might not survive until 2025. "The Suicide of a Superpower," it's called. Even the less alarmist are suddenly sounding a lot like him as economists now predict that China may surpass the United States as the world's largest economy a lot sooner than we thought, and learned conferences are convened to deal with what Fareed Zakaria memorably dubbed "the post-American world."

Here at Foreign Policy, my colleague Joshua Keating (coiner of the "Amerislump" phrase) has taken to tracking all the gloom-and-doom punditry under the heading "Decline Watch" on our website -- and not a day goes by without a classic example, from the poverty-stricken new muppet on Sesame Street who doesn't have enough to eat to the supposed cocaine slump on Wall Street and the new government initiative to attract Chinese shoppers here -- so they can buy Made in China goods, but at the cheap prices caused by our undervalued dollar.

The zeitgeist about America is so bleak that Secretary of State Hillary Clinton even begins her speeches these days being forced to remind audiences that the U.S. economy is still the world's largest and its workers by far the most productive. Clinton, no declinist, invariably does her best to convince us that America is not retreating from the world at a time of national angst. Or at least that it should not.

"Beyond our borders," she wrote in a recent piece for Foreign Policy arguing that United States should make a strategic pivot away from the wars of the Middle East and toward the economic opportunities of Asia, many are now questioning "America's intentions -- our willingness to remain engaged and to lead. In Asia, they ask whether we are really there to stay, whether we are likely to be distracted again by events elsewhere, whether we can make -- and keep credible economic and strategic commitments, and whether we can back those commitments with action."

Clinton's answer is a resounding yes, but the questions themselves are revealing, extraordinary even coming from a sitting Secretary of State and the context is pretty clear: These are angst-ridden times to be an unabashed advocate of America's role in the world, when everyone from Tea Partiers at home to financial markets abroad is wondering about the staying power of this humbled superpower. 

Sixteen years ago, when another sitting Secretary of State wrote for Foreign Policy, the world looked like a starkly different place to a top American official -- a post-Cold War mix of opportunities and threats, bound together not so much by anything except the promise of American leadership. Indeed, said Warren Christopher, "the simple fact is that if we do not lead, no one else will." It was an age, and one that now seems quaintly outdated, of America the indispensable nation.

Flash-forward to today, and the struggle by the United States to assert its continued leadership in the world -- or even its commitment to remaining there.  Which makes it all the more depressing to listen to the early debates of the 2012 presidential campaign, where the rest of the world by and large doesn't figure at all -- except for the increasingly shrill protestations of some Republican candidates about their belief in America's special destiny to lead the planet.

Andrew Burton/Getty Images

 

Susan Glasser is editor-in-chief of Foreign Policy. This column also runs monthly on Reuters.com.

HURRICANEWARNING

3:41 PM ET

October 17, 2011

Honestly, I am neither

Honestly, I am neither staunch Dem. or Repub., I have voted for both at different times...But, the current Republican party is far too stupid, racist, old, white, corrupt, hate-filled, right-wing, religious, and all around backward and stubborn to EVER earn my vote in it's current form. I would LOVE to be able to vote Republican again, but seriously, this current crop of Presidential Candidates, ...words cannot express how disappointing they are. Even more disappointing are the republican voters, whom place blame for this crisis on everyones head but their OWN!!! GROW UP America! If we can't fix these problems together, then F this country, it was never gonna work anyway. As always, the stupid and uneducated ruin the world for everyone else.

 

JANJAMM

5:58 PM ET

October 17, 2011

Pray tell why?

Methinks you are a 9-9-9 fool.

 

ARVAY

3:58 AM ET

October 18, 2011

Eureka

United States should make a strategic pivot away from the wars of the Middle East

Yes!

Trade with Iran. Others are making the billions in business deals we are missing.

Withdraw support for Israel, the everlasting irritant and albatross. Neutralize its nuclear weapons.

Get out of Afghanistan. Like the Chinese, open mining operations. Make money and pay taxes there -- real "nation-building."

Maintain indifference to the Sunni-Shia struggle in the region. We'll buy oil from whoever is running the place, and they will sell it to us.

 

DEREK VAN LESSEN

4:39 AM ET

October 18, 2011

Defeatism?

Americans seem obsessed by being overtaken by China. It is enevitable that this will happen one day. China has three times as many people as the US. The US should be concentrating on ensuring it is well governed and its people comfortably well off and can work to improve their lives.
When the US and others overtook Britain in GDP terms the world did not end for us. The country despite its current problems – shared with many others – is well governed. This generation will live better than my generation and certainly live far better than people in Victorian times when Britain was top nation. There will be times of stress when there is a bleak outlook and times when life seems very good. This good life needs to be shared between the wealthy and the poor. The good life needs to be shared between nations as well as people. China – and India – need to be able to improve their people’s lives. After this bumpy patch both the US and Britain will continue to improve the lives of their peoples and this is what really matters.

 

ACRO

11:30 AM ET

October 18, 2011

Well

As long as Obama is in the White House nothing is going to change. Obama and the Dems are now trying to align themselves with the "Occupiers. Has anyone asked if these individuals are protesting daily for over 1-2 months where do they work? I don't know of any employer giving that long of a leave of absence, do you? If this were to continue and escalate we all may need personal injury loans because of the numerous lawsuits.

I believe the United States is on a track to socialism when the rest of the countries who are in socialism are trying to get out because they have run out of money and is bankrupting them. Go figure.

Acro

 

OSBEP

2:35 PM ET

October 18, 2011

Demonstrators as job creators... who knew?

Dear Acro,

The Occupy Wall street movement has amassed over $300,000 in donations during the two months since it formed according to the associated press. With this money it has been able to sustain the temporary housing, dietary, and sanitary needs of its protestors. This money has come from private donations across the country. I posit that the protestors are actually entrepreneurs providing a service (the protest) that consumers (private American donors) value enough to pay for (their donations). In order for the GOPers to remain constant in their message, they are logically obliged to follow their own rhetoric and protect the occupy wall street because they have become "Job Creators".

Also, I think you unwittingly made their point for them in your post: the fact that many protestors have the time to protest arises from the fact that they do not have jobs and is what has brought them out to protest unfair economic practices (amongst other things of course) in the first place. Bravo.

 

CARTHAGIAN

1:41 PM ET

October 18, 2011

Even if Americans may be

Even if Americans may be induced to keep on paying, and that is quite likely, given that this very well-endowed state still spends only under 4 per cent of gross domestic product on internal security and has had to make few sacrifices to sustain its military through a decade of post-9 / 11 conflicts in Afghanistan and Iraq, it's nonetheless got a significant, and getting bigger, image predicament in a world where the decline story has come to being.

 

FORLORNEHOPE

3:15 PM ET

October 18, 2011

America's workers are by far the most productive

Well, only because they work longer hours. If you look at the OECD figures for productivity per hour worked the French outshine Americans by a full 20%. Yes, those cheese eaters who spend all August lying topless on their beaches can put in 20% fewer hours and still produce as much as good honest God fearing decent Americans. This is cleary unfair competition and the President should do something about it and if not the President then Congress should legislate!

 

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8:21 PM ET

October 18, 2011

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SERVER CESUR

3:17 PM ET

October 18, 2011

Management Power

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PCKHDMBZTK

8:22 PM ET

October 18, 2011

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SERVER CESUR

3:19 PM ET

October 18, 2011

Management Power

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REDWELL

12:17 PM ET

October 19, 2011

Wait a minute ...

...what is "decline"? Commentators, politicians and the opinionated masses address this topic in such broad strokes that it's an analytically useless concept.