Mort Zuckerman, the Canadian-born American magazine editor, newspaper publisher, and real estate billionaire, uses his stuttering weekly news mag, U.S. News & World Report, to deliver an obituary for the U.S. economy. Generally speaking, when capitalist fanboys like Zuckerman say there’s something rotten in the state of Denmark, it’s wise to take them seriously:
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The modern world has for centuries been dominated economically, intellectually, and physically by the civilization that arose in Western Europe in the wake of the Renaissance and Reformation and spread across the Atlantic.
Will that one day be seen as a passing phenomenon doomed to ascend ever upward and then slowly fizzle out like a firework?
It is nearly a century since that gloomy German mathematician and philosopher Oswald Spengler published his 1918 classic The Decline of the West. His arguments were complex, but basically he suggested that the future of the West was not as limitless as his peers imagined after the ghastly World War I.