America underestimates the difficulty of bringing manufacturing back

I think the collapse of the American Empire is no more preventible than the collapse of the British, Spanish, or Roman empires. The issues with the US being the reserve currency has been known for a while now (and was even predicted by Keynes before the Bretton-Woods summit):

https://en.wikipedia.org/wiki/Triffin_dilemma

Any discussion of "bringing back manufacturing" that doesn't mention government spending or social programs to educate and upskill the population is not genuine. The current leadership are fools and ideologs who will only hasten the decline, which might actually be better globally if it lowers emissions. Time will tell I guess.

Empires come and go, that's just a fact of life. The question was whether they'd fall back relatively gracefully like (Western) Europe, now with multiple countries ranking at the top of "World's Happiest Countries", or whether they'll become Russia 2.0 with the biggest guns, richest oligarchs, and the worst quality of life.

It's still far from played out, but right now they're solidly on the road to Russia 2.0, with decades-long trends pointing that way.

The fall of the Soviet Union was arguably more graceful than the two world wars and myriad of colonial worlds it took Europe butt out. Even if you exclude the world wars it probably holds.