Herbert Spencer was born into a nineteenth-century world where the traditional logic of imperialism interacted with new developments like the Industrial Revolution, and new ideas like free trade and liberalism that emerged out of the Enlightenment of the previous century.
Is the sun setting on the US Empire? Probably. Worse things could happen. It probably does not matter which party is in power or who is president. The signposts are are financial, related to energy, in failed foreign policy, misdirected immigration policies, ineffective and inefficient health care, third world education quality, poor personal lifestyle choices, concentration of wealth, political corruption funded by the wealthy, etc.
Which country has been the most powerful throughout history? Historians, economists, and others have written extensively on this subject, often in terms of empires. Amazon lists more than 5,000 books on global empire, where empire is measured population, land mass, economy, or military power. The top five empires by population, land mass, and economy according to Wikipedia are presented below.
Last month’s Empire State Manufacturing Survey dropped jaws as it dropped below zero (analysis here). In December 2010 – it has come roaring back. The two lessons are: 1) one month is not a trend; and 2) surveys are not to be taken too seriously as it is just opinion – and not data
The September 2010 Empire State Manufacturing Survey continues to show improving trend lines on new orders and unfilled orders. This is a provisional confirmation of Econintersect’s view of continuing economic growth.