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MARK STEYN: SPENDING INTO DECLINE - GLOBAL ORDER AND PROSPERITY ON THE LINE |
For dominant powers in decline, it starts with the money, for Washington as for London and Rome before it. But it never stops there. The horizons shrivel. Two-bit provocateurs across the map pick off remnants of the old order with ever greater ease.
America has had two roles in a so-called “globalized” world: America’s government was the guarantor of global order; America’s economy was the engine of global prosperity. Right now, both roles are up for grabs. And there are no takers for the former. Pace Nancy Pelosi, “life on this planet as we know it today” is going to change, and very fast.
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