Think Again: American Decline: This isn't the first time the United States has fretted that its best days are behind it. But this time it's right, argues the Financial Times's Gideon Rachman. China is rapidly gaining economically on the West, and the U.S. military and educational advantage is deteriorating. Rachman's article kicked off a whole host of fevered declinism, which gave rise to FP's ongoing Amerislump! coverage.

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