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Is America in Decline?
America, a nation once celebrated for its irrepressible optimism, now appears to be obsessed by "declinism"--the idea that something is fundamentally wrong with the U.S. economy, and until it is fixed, America will neither compete effectively in global markets nor provide an adequate standard of living for its citizens. The real challenge facing American society is not reversing economic decline; it is addressing the social implications of the new economy--in particular, how to reinvent America's double commitment to economic opportunity and social equality. Ironically, too great a preoccupation with decline may keep American society from getting on with the job.