As we enter this new decade, we are currently being lectured that China is soon to be the global colossus. Its economy is now second only to America's, but with a far faster rate of growth and budget surpluses rather than debt. Few seem to mention that China's mounting social tensions, mercantilism, environmental degradation and state bosses belong more to a 19th than 21st century nation.
Two symptoms of all this doom and gloom are constant over the decades. First, America typically goes through periodic bouts of neurotic self-doubt, only to wake up and snap out of it. Indeed, indebted Americans are already bracing for fiscal restraint and parsimony as an antidote to past profligacy.
Second, decline is relative and does not occur in a vacuum. As Western economic and scientific values ripple out from Europe and the United States, it is understandable that developing countries like China, India or Brazil can catapult right into the 21st century. But that said, national strength is still found in the underlying hardiness of the patient -- its demography, culture and institutions -- rather than occasional symptoms of ill health.
In that regard, America integrates immigrants and assimilates races and ethnicities in a way Europe cannot. Russia, China and Japan are simply not culturally equipped to deal with millions who do not look Slavic, Chinese or Japanese. The Islamic world cannot ensure religious parity to Christians, Jews or Hindus -- or political equality to women.
The American Constitution has been tested over 223 years. In contrast, China, the European Union, India, Japan, Russia and South Korea do not have constitutional pedigrees of much more than 60 years. The last time Americans killed each other in large numbers was nearly a century and a half ago; most of our rivals have seen millions of their own destroyed in civil strife and internecine warring just in the 20th century.
In short, a nation's health is not gauged by bouts of recession and self-doubt, but by its time-honored political, economic, military and social foundations. A temporarily ill-seeming America is nevertheless still growing, stable, multiethnic, transparent, individualistic, self-critical and meritocratic; almost all of its apparently healthy rivals in fact are not.
Losing Jobs Over Ex-Im’s Expiration? Don’t Believe ItLosing Jobs Over Ex-Im’s Expiration? Don’t Believe It | Ed Feulner