Is This The End of the American Century?

This site features updates, analysis, discussion and comments related to the theme of my book published by Rowman & Littlefield in 2008 (hardbound) and 2009 (paperbound).

The Book

The End of the American Century documents the interrelated dimensions of American social, economic, political and international decline, marking the end of a period of economic affluence and world dominance that began with World War II. The war on terror and the Iraq War exacerbated American domestic weakness and malaise, and its image and stature in the world community. Dynamic economic and political powers like China and the European Union are steadily challenging and eroding US global influence. This global shift will require substantial adjustments for U.S. citizens and leaders alike.

Thursday, September 27, 2012

Economic Inequality Put an End to the American Century

The biggest impediment to U.S recovery is economic inequality. This is the central argument in my article "The U.S. No Longer Makes the Grade: Economic Inequality Put an End to the 'American Century"" in the Phi Kappa Phi Forum, vol. 92, No. 3.  This article is available at Butler's "Digital Commons" site by clicking here.  The footnotes for the article are temporarily available at the Forum's website at this link.

Correction:  There is an important typo on page 7, column 1, 2nd paragraph.  The sentence there should read as follows:

"A recent global study by the International Monetary Fund, for example, found that countries with strong economic growth tended to have greater income equality than those with weak growth...."

 Comments and (civil!) discourse on this piece are welcome.

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Saturday, April 14, 2012

The Startling Growth of Inequality

In The End of the American Century, first published in 2008, I called attention to the disturbing growth of economic inequality in the U.S., to levels (even then) unprecedented since the Great Depression of the 1920s. But since 2008, in the midst of the "Great Recession," the situation has gotten even worse. A recent (3/25) New York Times op-ed by Steven Rattner, "The Rich Get Even Richer," notes that in 2010 (during the supposed economic recovery), "the top 1 percent took in 93 percent of the additional income" generated that year. A graphic linked to that article on line shows the pattern.

In a forthcoming article I have written which reflects on the themes of The End of the American Century, four years on, I contend that the unprecedented growth of economic inequality in the U.S. is the single biggest issue preventing the recovery of the United States--and in many ways the root cause of the many problems facing the U.S. in these difficult times.

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