Imperial Decline is NOT the End of the World

A Harvard History Professor Niall Ferguson published an article in Newsweek today called "An Empire At Risk" about the obvious decline of the USA as a global superpower. Our greed and corruption on the high level of government is finally taking its well deserved toll and bringing the country to a logical end of its short by historical standards world dominance. In other words, the US has had its 15 minutes of fame on the world arena, and the time is up. Politicians can still be blah-blah-blahing about the need to send more troops here and there, to bankroll color revolutions in the former Soviet Republics, but the truth of the matter is, thankfully, that we are fiscally bankrupt, and are really already at the mercy of our creditors.

Far from perceiving it as a tragedy, I see it as a very liberating change. Empires have collapsed in the past, but it did not mean the end of the world for citizens of those countries. In fact, those societies acquired higher moral ground. Consider the case of the British Empire which was ruthlessly robbing half the world. Consider the German Empire under Hitler. Both Brits and Germans still live well now, but they are not ashamed to look in the eyes of the world any longer. The acute phase of the collapse is unfortunately going to hurt, but we will emerge as a society which can, hopefully, finally respect itself, and possibly even have some true respect in the world. Just like in Rome they literally built new structures of the old stones, so will we eventually rebuild, and possibly, like the Italians, even completely eliminate the "emperors" of our times who brought us to the destruction (the Rothschilds, Rockefellers and other shadowy rulers of the US pulling the strings behind the curtains). Maybe, like modern Roman, we will even be showing tourists ruins of our Wall Street for money.

P.S. Interestingly enough, a book called "The Decline of the Dollar Empire and The End of Pax Americana" was published in 2003 by two much ridiculed Russian economists, Kobiakov and Khazin. In it they talk about the exact scenario we are now seeing right in front of our eyes. The link is to the Russian text of the book - I am not aware of an English translation of it.