“I do not accept second place for the United States of America.” That simple statement, delivered to rousing effect by Barack Obama in his first State of the Union, in January 2010, managed to summarize the current American strategic horizon in a single sentence.
For decades, the United States has been in relative decline, facing the prospect of someday being overtaken by a rival power. Its main problem, however, is not the relative decline itself – it’s a natural phenomenon occurring as companies, sectors, regions and countries grow at uneven rates. Instead, its main problem is a failure to recognize this condition, whether out of pride, electoral calculation or simple lack of awareness.
