Decline management is understanding that between the peak of something and its ultimate demise, a vast amount can be achieved. Perhaps it took a man who became president at 78 to see the point.
What a shame the phrase “managing decline” has such a toxic ring. Let’s grow up about this, shall we?
Many countries, from Spain to Egypt to Japan, are past the peak of their powers. It matters to their hundreds of millions of citizens if that process is handled with skill or with clumsiness.
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Financial Times
Janan Ganesh is the principal political columnist for the Financial Times.
