DIGG THIS The idea that the United States is the global hegemon, that we have first dibs on the title of world policemen — indeed, our entire post-WWII foreign policy — is nothing but a delusion. That is one of the chief lessons of the recent economic downturn, one that, unfortunately, the incoming administration has yet to face up to — and the pundits (ensconced as they are in the culture of hubris) have yet to realize. Delusions die hard. This poor woman — faced with the dire prospect of having to sell the Palm Beach cottage, and, omigod, lay … Continue reading The Empire’s Depression