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ILLUSTRATION

BY

THE

HEADS

OF STATE

The Self-Destruction o American Power

Fareed Zakaria 10

Democracy Demotion

Larry Diamond 17

Globalization’s Wrong Turn

Dani Rodrik 26

Faith-Based Finance

Gillian Tett 34

The Republican Devolution

Jacob S. Hacker and Paul Pierson 42

It’s the Institutions, Stupid

Julia Azari 52

WHAT HAPPENED TO THE AMERICAN CENTURY?

MARC

BURCKHARDT

Over the last

decades of

American

global leadership,

U.S. elites

squandered

the inheritance

and good name

bequeathed

to them.