The Exhausted Nation
In 1998, then-Secretary of State Madeleine Albright called America the “indispensable nation.” But now, 15 years later, it is primarily an exhausted one, a global power in decline that has its gaze turned toward the domestic front rather than Afghanistan or the Middle East.
This should come as no surprise. Since the end of the Cold War, US soldiers have spent almost twice as many months at war than they had in previous decades. The country has pumped a phenomenal amount of money into its military. Indeed, in 2011, it spent more on defense than the next 19 military powers combined. And, of course, this only contributed to its record mountain of $16 trillion (€11.8 trillion) in public debt. Continue reading