America has been through ‘decline anxiety’ before: in the 1950s, when the USSR beat it into space with the Sputnik satellite; in the 1970s, after its loss in the Vietnam War; and in the 1980s, when it feared what it called “Japan Inc.,” as Japanese industry was besting it and buying up American icons like the Rockefeller Center. Standing against a pessimistic outlook for US power and influence, however, are a number of factors.
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