University of Wisconsin history professor Alfred McCoy is blogging about a project he and an international team of scholars has just completed, a series of scenarios on "the end of the American century." This is part of a larger project titled "U.S. Empire Project: Rise & Decline of American Global Power," which seems to be keeping alive Madison's rich tradition of radical scholarship.
It's not clear from the description of the project what kinds of methods they used to craft the four scenarios (or how they were chosen, etc.), but I hope to learn more about the project soon. From McCoy's post:
As a half-dozen European nations have discovered, imperial decline tends to have a remarkably demoralizing impact on a society, regularly bringing at least a generation of economic privation. As the economy cools, political temperatures rise, often sparking serious domestic unrest.
Available economic, educational, and military data indicate that, when it comes to U.S. global power, negative trends will aggregate rapidly by 2020 and are likely to reach a critical mass no later than 2030. The American Century, proclaimed so triumphantly at the start of World War II, will be tattered and fading by 2025, its eighth decade, and could be history by 2030….
Viewed historically, the question is not whether the United States will lose its unchallenged global power, but just how precipitous and wrenching the decline will be. In place of Washington's wishful thinking, let’s use the National Intelligence Council's own futuristic methodology to suggest four realistic scenarios for how, whether with a bang or a whimper, U.S. global power could reach its end in the 2020s (along with four accompanying assessments of just where we are today). The future scenarios include: economic decline, oil shock, military misadventure, and World War III. While these are hardly the only possibilities when it comes to American decline or even collapse, they offer a window into an onrushing future.