From The American Interest Online: Niall Ferguson on ‘What Chimerica Hath Wrought’

Full article here.

China + America =’Chimerica’

We are living through a challenge to a phenomenon Moritz Schularick and I have christened “Chimerica.” In this view, the most important thing to understand about the world economy over the past decade has been the relationship between China and America.

So is America in decline?  Ferguson isn’t convinced that the current economic crisis is any indication:

“Power is always relative, and a crisis that hits the periphery of the global economy harder than the core must logically increase the power of the core. Nemesis, too, can be exported.”

See Also On This Site:    Fukuyama seems to think so, but maybe he’s still reeling from the Iraq war…From The New Perspectives Quarterly: Francis Fukuyama’s ‘Is America Ready for a Post-American World?’…Fareed Zakaria seems to think so too…Fareed Zakaria BBC Interview: America In Decline?…Richard Lieber’s not necessarily convinced:  Richard Lieber In The World Affairs Journal–Falling Upwards: Declinism, The Box Set

2 thoughts on “From The American Interest Online: Niall Ferguson on ‘What Chimerica Hath Wrought’

  1. The rise of The United States of America as a world power was a twentieth century thing.Even with the end of World War One,(the “Great” War) the success of the USA as a financial powerhouse was haedly secure. The “Great” Depression hit the USA hard, and only the need for the defeat of Japan and Nazi Germany brought the USA out of its isolationist policies. Curiously, the isolationism of pre WW2 USA explains its inability to “lead” the world.
    Even being the supposed king of business has never clarified the USAs position towards the rest of the world.
    Britain as a nation of shopkeepers at least knew how to mollify the realms it had interests in. Most of the USAs customers have bitten the hand that has sought to help them. Ingrates.

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