Letter to the editor: American decline

Letter to the editor: American decline

Since World War II, American prosperity and power were based to a large extent on America being a reliable and trustworthy trading partner and military ally. When trust goes out the window, either in a personal relationship or relations between…

The global economic system that the U.S. has shaped and led for more than three quarters of a century was animated by a powerful guiding vision: that trade and finance would be based on cooperation and consent rather than coercion. That system, despite all its failures, rooted the U.S. as the richest nation in the world and its only financial superpower. The rule of law and the stability and confidence generated by this approach helped make the …