The decline of the American "empire" has been a persistent theme of the punditocracy these past several years, with the underlying logic being Washington's inability to extend, ad infinitum, the primacy seemingly conferred upon it at Cold War's end. The global financial crisis has now further revealed a suddenly -- and stunningly -- rebalanced global order, and as a result, Americans are supposed to dread the vast uncertainties of our allegedly "post-American world."
Read the entire column at World Politics Review.