For decades, I taught a course in European economic history that stressed the Industrial Revolution and its aftermath and spent a couple of lectures talking about the Roman Empire and other ancient civilizations. The Roman Empire lasted over 500 years (by some accounts, even longer) but ultimately declined and fell. Is America and its world leadership (rather than “empire”) undergoing a remarkably similar decline? Is history eerily repeating itself well over a millennium later?
Read MoreCommentary: Bread and Circuses, Then and Now
