Is Barack Obama the candidate of American decline? To hear some of his supporters among the foreign policy punditry, you’d think he was. Francis Fukuyama says he supports Obama because he believes Obama would be better at “managing” American decline than John McCain. Fareed Zakaria writes weekly encomiums to Obama’s “realism,” by which he means Obama’s acquiescence to the “post-American world.” Obama, it should be said, has done little to deserve the praise of these declinists. His view of America’s future, at least as expressed in this campaign, has been appropriately optimistic, which is why he is doing well in the polls. If he sounded anything like Zakaria and Fukuyama say he does, he’d be out of business by now.

One hopes that whoever wins next week will quickly dismiss all this faddish declinism. It seems to come along every 10 years or so. In the late 1970s, the foreign policy establishment was seized with what Cyrus Vance called “the limits of our power.” In the late 1980s, the scholar Paul Kennedy predicted the imminent collapse of American power due to “imperial overstretch.” In the late 1990s, Samuel Huntington warned of American isolation as the “lonely superpower.” Now we have the “post-American world.”

Yet the evidence of American decline is weak. Yes, as Zakaria notes, the world’s largest Ferris wheel is in Singapore and the largest casino in Macau. But by more serious measures of power, the United States is not in decline, not even relative to other powers. Its share of the global economy last year was about 21 per cent, compared with about 23 per cent in 1990, 22 per cent in 1980 and 24 per cent in 1960. Although the United States is suffering through a financial crisis, so is every other major economy. If the past is any guide, the adaptable American economy will be the first to come out of recession and may find its position in the global economy enhanced.

Meanwhile, American military power is unmatched. While the Chinese and Russian militaries are both growing, America’s is growing, too, and continues to outpace them technologically. Russian and Chinese power is growing relative to their neighbours and their regions, which will pose strategic problems, but that is because American allies, especially in Europe, have systematically neglected their defences.

America’s image is certainly damaged, as measured by global polls, but the practical effects of this are far from clear. Is America’s image today worse than it was in the 1960s and early 1970s, with the Vietnam War; the Watts riots; the My Lai massacre; the assassinations of John F. Kennedy, Martin Luther King and Bobby Kennedy; and Watergate? Does anyone recall that millions of anti-American protesters took to the streets in Europe in those years?

Today, despite the polls, President Bush has restored closer relations with allies in Europe and Asia, and the next president will be able to improve them even further. Realist theorists have consistently predicted for the past two decades that the world would “balance” against the United States. But nations such as India are drawing closer to America, and if any balancing is occurring, it is against China, Russia and Iran.

Sober analysts such as Richard Haass acknowledge that the United States remains “the single most powerful entity in the world.” But he warns, “The United States cannot dominate, much less dictate, and expect that others will follow.” That is true. But when was it not? Was there ever a time when the United States could dominate, dictate and always have its way?

Many declinists imagine a mythical past when the world danced to America’s tune. Nostalgia swells for the wondrous American-dominated era after World War II, but between 1945 and 1965 the United States actually suffered one calamity after another. The “loss” of China to communism; the North Korean invasion of South Korea; the Soviet testing of a hydrogen bomb; the stirrings of postcolonial nationalism in Indochina – each proved a strategic setback of the first order. And each was beyond America’s power to control or even to manage successfully.

No event in the past decade, with the exception of Sept 11, can match the scale of damage to America’s position in the world. Many would say, “But what about Iraq?” Yet even in the Middle East, where America’s image has suffered most as a result of that war, there has been no fundamental strategic realignment. Long-time American allies remain allies, and Iraq, which was once an adversary, is now an ally. Contrast this with the strategic setbacks the United States suffered during the Cold War. In the 1950s and 1960s, the pan-Arab nationalist movement swept out pro-American governments and opened the door to unprecedented Soviet involvement, including a quasi-alliance between Moscow and the Egypt of Gamal Abdel Nasser, as well as with Syria. In 1979, the central pillar of American strategy toppled when the pro-American Shah of Iran was overthrown by Ayatollah Khomeini’s revolution. That produced a fundamental shift in the strategic balance from which the United States is still suffering. Nothing similar has occurred as a result of the Iraq war.

So perhaps a little perspective is in order. The danger of today’s declinism is not that it is true but that the next president will act as if it is. The good news is that I doubt either nominee really will. And I’m confident the American people would take a dim view if he tried.—Dawn/LA Times-Washington Post News Service

Robert Kagan is a senior associate at the Carnegie Endowment for International Peace.