The one thing both extremes of Left and Right agree on.
From all sides, the message is coming in: the world as we know it is on the verge of something really bad. From the Right, we hear that ‘West’ and ‘Judeo-Christian Civilisation’ are in the pincers of foreign infidels and native, hooded extremists. Left-wing declinism buzzes about coups, surveillance regimes, and the inevitable – if elusive – collapse of capitalism. For Wolfgang Streeck, the prophetic German sociologist, it’s capitalism or democracy. Like many declinist postures, Streeck presents either purgatory or paradise. Like so many before him, Streeck insists that we have passed through the vestibule of the inferno. ‘Before capitalism will go to hell,’ he claims in How Will Capitalism End? (2016), ‘it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way.’
Historian Alfred McCoy explains why American power is coming to an end and lays out his vision for the new global order.
While often compared to the Roman Empire, the United States is not likely to collapse in the same way.