Case in point: the two book reviews on the front page of this Sunday’s the New York Times. Jonathan Rauch reviews Ed Luce’s new book “Time to Start Thinking” which Rauch quips should be called “Time to Start Drinking.” I have not yet read Ed’s book, but have it on order from Amazon. But from talking to Ed when he was writing and from reading Rauch’s review, it’s clear that Ed is painting a tough portrait of America’s declining economic competitiveness. But all one has to do it seems in response to any warning issued today is simply say “Japan” and smile in how clever one has been. The notion is that we raised the alarm about Japan in the 1980s and early 1990s and it all worked out fine. In reviewing Robert Kagan’s book, the reviewer cites Kagan showing that “declinism is as old as America itself.” (Interesting that both Kagan and Rauch are at the Brookings Institution, where, other than the folks in the Metropolitan Studies program, it seems that Brookings is committed to denying decline).
But by this logic, if we have not declined before and it was always been a “boy crying wolf phenomenon” than we can be assured we will never decline in the future. So sit back and don’t worry. We simply can’t decline. We’re America.
There’s another deeply flawed part of the denialists of decline logic. It’s that we didn’t decline in the past because of some inherent superiority of the American system. We didn’t do anything. In fact, in response to the challenge from Japan (and Germany) in the 1980s and 1990s, we were anything but lax: Congress and 3 presidential administrations took unprecedented steps to put in place policies to boost U.S. competitiveness. These included expanding NSF funding, passing legislation like Bayh-Dole, the Omnibus Trade and Competitiveness Act, the Collaborative R&D Act, the Stephenson Wydler Act; instituting the R&D tax credit; changes to the “prudent man” rule for pension funds that spurred venture capital expansion; pressing the Japanese on unfair trade practices in a range of industries and a host of other steps.
But don’t worry, no need to do any of this kind of stuff now. Remember and repeat after me, “America is the greatest and can’t decline, America is the greatest and can’t decline; America is the greatest and can’t decline.” Now don’t you feel better? And Ed Luce, stop writing this kind of stuff, it just depresses us.
Image from Flickr user Danny Choo