Wanting to turn back the clock and restore the American Empire to what it was before Donald Trump’s presidency is a fool’s errand. It’s already a thing of the past – and the storming of the US Capitol was just the last straw. Don’t take my word for it, though. “If the post-American era has a start date, it is almost certainly today,” argued none other than the head of the Council on... 

Dust-bowl refugees walk towards Los Angeles during the Great Depression. House prices have now fallen further than in the 1930s. The economic powerhouse of the 20th century emerged stronger from the Depression. But faced with cultural decay, structural weaknesses and reliance on finance, can the US do it again? America clocked up a record last week. The latest drop in house prices meant that the cost... 

Harvard professor and author Niall Ferguson speaks about the financial crisis during an opening session of the Aspen Ideas Festival on Monday afternoon. Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival Monday with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level. “I think...