This is just wrong. The US share of the global economy has declined dramatically, Europe's share of the global economy has declined dramatically. China and India are the big winners. The "Atlantic" powers are the big losers. Steel provides a measure of this. In 2023, China produced 1019 million tons. The US produced 81 million tons.
US share of world GDP at market exchange rates in 2023 was 25.95% That has been approximately the US share since for at least 40 years. See, e.g., https://ycharts.com/companies/IDCBF/ratings/y_ratings.
One could certainly say that the US is in decline politically and that its military edge is eroding, but the data don't show that for the economy.
Robert Lieber, lieberr@georgetown.edu
This is just wrong. The US share of the global economy has declined dramatically, Europe's share of the global economy has declined dramatically. China and India are the big winners. The "Atlantic" powers are the big losers. Steel provides a measure of this. In 2023, China produced 1019 million tons. The US produced 81 million tons.