Is China the New Us? Or Are We?

Author Kurt Andersen’s new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political cultural opportunities to be found in the wake of the financial crises. In this excerpt, the first of five on TIME.com, he glances back through history to see how national destinies can change. It was fitting that as I was writing my previous book, an historical novel called Heyday published in 2007, I turned 50.

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