Forget the naysayers — America remains an inspiration to us all

In one respect, it is hardly surprising. Iraq, Afghanistan and the rise of China. The credit crunch. The $124 a barrel oil price. The unbelievable unfairness of Bush's tax cuts. The racism and violence that still pockmark American life. Yet the pessimism is overdone. The more I visit the US the more I think the pundits predicting the US's imminent economic and political decline hugely overstate their case. Rather, the next 50 years will be as dominated by the US as the last 50. The US will widen its technological and scientific dominance, sustain its military hegemony, launch a period of reindustrialisation and continue to define modernity both in culture and industry.