CHAPTER 1
Why America?
By most measures, the United States is a mediocre country. It ranks seventh in literacy, eleventh in infrastructure, twenty-eighth in government efficiency, and fifty-seventh in primary education.1 It spends more on health-care than any other country, but ranks forty-third in life expectancy, fifty-sixth in infant mortality, and first in opioid abuse.2 More than a hundred countries have lower levels of income inequality than the United States, and twelve countries enjoy higher levels of gross national happiness.3
Yet in terms of wealth and military capabilitiesâthe pillars of global powerâthe United States is in a league of its own. With only 5 percent of the worldâs population, the United States accounts for 25 percent of global wealth, 35 percent of world innovation, and 40 percent of global military spending.4 It is home to nearly 600 of the worldâs 2,000 most profitable companies and 50 of the top 100 universities.5 And it is the only country that can fight major wars beyond its home region and strike targets anywhere on earth within an hour, with 587 bases scattered across 42 countries and a navy and air force stronger than that of the next ten nations combined.6 According to Yale historian Paul Kennedy, âNothing has ever existed like this disparity of power; nothing.â The United States is, quite simply, âthe greatest superpower ever.â7
Why is the United States so dominant? And how long will this imbalance of power last? In the following pages, I argue that the United States will remain the worldâs sole superpower for many decades, and probably throughout this century. We are not living in a transitional postâCold War era. Instead, we are in the midst of what could be called the unipolar eraâa period as profound as any epoch in modern history.
This conclusion challenges the conventional wisdom among pundits, policymakers, and the public.8 Since the end of the Cold War, scholars have dismissed unipolarity as a fleeting âmomentâ that would soon be swept away by the rise of new powers.9 Bookstores feature bestsellers such as The Post-American World and Easternization: Asiaâs Rise and Americaâs Decline;10 the U.S. National Intelligence Council has issued multiple reports advising the president to prepare the country for multipolarity by 2030;11 and the ârise of Chinaâ has been the most read-about news story of the twenty-first century.12 These writings, in turn, have shaped public opinion: polls show that most people in most countries think that China is overtaking the United States as the worldâs leading power.13
How can all of these people be wrong? I argue that the current literature suffers from two shortcomings that distort peoplesâ perceptions of the balance of power.
First, the literature mismeasures power. Most studies size up countries using gross indicators of economic and military resources, such as gross domestic product (GDP) and military spending.14 These indicators tally countriesâ resources without deducting the costs countries pay to police, protect, and provide services for their people. As a result, standard indicators exaggerate the wealth and military power of poor, populous countries like China and Indiaâthese countries produce vast output and field large armies, but they also bear massive welfare and security burdens that drain their resources.
To account for these costs, I measure power in net rather than gross terms. In essence, I create a balance sheet for each country: assets go on one side of the ledger, liabilities go on the other, and net resources are calculated by subtracting the latter from the former. When this is done, it becomes clear that Americaâs economic and military lead over other countries is much larger than typically assumedâand the trends are mostly in its favor.
Second, many projections of U.S. power are based on flawed notions about why great powers rise and fall. Much of the literature assumes that great powers have predictable life spans and that the more powerful a country becomes the more it suffers from crippling ailments that doom it to decline.15 The Habsburg, French, and British empires all collapsed. It is therefore natural to assume that the American empire is also destined for the dustbin of history.
I argue, however, that the laws of history do not apply today. The United States is not like other great powers. Rather, it enjoys a unique set of geographic, demographic, and institutional advantages that translate into a commanding geopolitical position. The United States does not rank first in all sources of national strength, but it scores highly across the board, whereas all of its potential rivals suffer from critical weaknesses. The United States thus has the best prospects of any nation to amass wealth and military power in the decades ahead.
For the foreseeable future, therefore, no country is likely to acquire the means to challenge the United States for global primacy. This is an extraordinary development, because the world has been plagued by great power rivalry for millennia. In the past five hundred years alone, there have been sixteen hegemonic rivalries between a ruling power and a rising power, and twelve of them ended in catastrophic wars.16 In the first half of the twentieth century, for example, when the world was multipolar, Germany twice challenged Britain for European primacy. The result was two world wars. In the second half of the twentieth century, under bipolarity, the Soviet Union challenged the United States for global primacy. The result was the Cold War, a conflict in which the superpowers spent between 6 and 25 percent of their GDPs on defense every year, waged proxy wars that killed millions of people, and brought the world to the brink of nuclear Armageddon.
Today, by contrast, unipolarity makes a comparable level of great power competition impossible and thus makes a comparable level of conflict highly unlikely.17
Not the Argument
Before elaborating on the points above, let me be clear about what I am not arguing. First, I am not arguing that U.S. dominance is guaranteed or will last forever. The United States could easily squander its geopolitical potential. It could, for example, gut its demographic advantage by restricting high-skill immigration. It could allow demagogues and special interests to capture its political institutions and run the country into the ground. Or it could fritter away its resources on reckless adventures abroad. In addition, there are any number of events (e.g., a nuclear accident, natural disaster, or disease outbreak) that could disproportionately devastate the United States. The purpose of this book is not to argue that unipolarity is set in stone, but rather to make an educated guess about how long it will last based on present trends and current knowledge about why great powers rise and fall.
Second, I am not arguing that the United States is invincible or all-powerful. There are more than 190 countries, 7 billion people, and 197 million square miles of territory on earth. The United States cannot be present, let alone dominant, in every corner of the globe. Weaker nations can âroute aroundâ American power, doing business and calling the shots in their home regions while ignoring the United States.18 They also can âtameâ American power by, among other things, denying the United States access to their domestic markets, suing the United States in international courts, bribing American politicians, bankrolling anti-American terrorist groups, hacking U.S. computer networks, meddling in U.S. elections, or brandishing weapons of mass destruction.19 Unipolarity is not omnipotence; it simply means that the United States has more than twice the wealth and military capabilities of any other nation. To translate those resources into influence, the United States will often have to collaborate with regional players.
Third, I am not arguing that unipolarity constitutes a Pax Americana, in which U.S. primacy guarantees global peace and prosperity. Unipolarity implies the absence of one major source of conflictâhegemonic rivalryâbut it allows for, and may even encourage, various forms of asymmetric conflict and domestic decay.20 The United States still faces serious threats at home and abroad. The purpose of this book is to clarify the scope of these threats, not to deny their existence.
Finally, I am not arguing that Americans are inherently superior to other nations or that the United States is the most wonderful place on earth. I assume that people are basically the same all around the world, and I know for a fact that citizens of some rich nations enjoy a higher quality of life than the average American. My argument, therefore, is not that Americans are exceptional or that the United States is the greatest country in the world. Instead, I argue that the United States has been blessed by exceptional circumstances that all but guarantee that it will be the most powerful nation. One implication of this conclusion, as I explain later, is that the United States can afford to devote a bit more of its immense resources to improving the lives of its citizens.
Plan of the Book
The plan of the book is straightforward. First, I develop a framework for measuring power and use it to assess current trends in the balance of power. Then, I build a framework for predicting power trends and use it to assess the future prospects of todayâs great powers. Finally, I discuss the implications of my findings for world politics and U.S. policy.
THE PILLARS OF POWER
Chapter 2 defines power and explains how to measure it. I start by showing that standard indicators exaggerate the power of populous countries because they ignore three types of costs that drain countriesâ economic and military resources: production, welfare, and security costs.
Production costs are the price of doing business; they include the raw materials consumed, and the negative externalities (e.g., pollution) created, during the production of wealth and military capabilities. Welfare costs are subsistence costs; they are the expenses a nation pays to keep its people from dying in the streets and include outlays on basic items like food, healthcare, education, and social security. Finally, security costs are the price a government pays to police and protect its citizens.
Needless to say, these costs add up. In fact, for most of human history, they consumed virtually all of the resources in every nation. Even today, they tie down large chunks of the worldâs economic and military assets.21 Thus analysts must deduct these costs to accurately assess the balance of power.
To illustrate these points, I show that the rise and fall of the great powers and the outcomes of hundreds of international wars and disputes during the past two hundred years correlate closely with variations in countriesâ net stocks of economic and military resourcesânot with gross flows of resources. China and Russia, for example, had the largest GDPs and military budgets in the world during much of the nineteenth and early twentieth centuries, but both countries suffered from severe production, welfare, and security costs that condemned them to defeat at the hands of smaller but more efficient nations.
After reviewing this history, I develop a framework for assessing the current balance of power. I also explain why China is the most potent challenger to U.S. primacy and thus why I focus on the U.S.-China power balance in the following two chapters.
ECONOMIC TRENDS
Chapter 3 analyzes economic trends for the United States and China. The main conclusion is that the United States is several times wealthier than China, and the absolute gap is growing by trillions of dollars each year. Chinaâs economy is big but inefficient. It produces high output at high costs. Chinese businesses suffer from chronically high production costs, and Chinaâs 1.4 billion people generate massive welfare and security burdens. The United States, by contrast, is big and efficient, producing high output at relatively low costs. American workers and businesses are seven times more productive than Chinaâs on average, and with four times fewer people than China, the United States has much lower welfare and security costs. Gross domestic product and other popular indicators create the false impression that China is overtaking the United States economically. In reality, Chinaâs economy is barely keeping pace as the burden of propping up loss-making companies and feeding, policing, protecting, and cleaning up after one-fifth of humanity erodes Chinaâs stocks of wealth.
MILITARY TRENDS
Chapter 4 analyzes the U.S.-Chin...