We are somewhat privileged to be living in historic times: We are witnesses today to the slow-but-steady erosion of an entire world order. Several events indicate that this is indeed the direction in which we are moving. Alone, each is but an isolated occurrence. But together, they paint a clear picture—that of the decline of American global leadership. There seems to be growing agreement that the outbreak of the Great Recession—which fundamentally altered the global economic balance of
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