This is a common belief, when any organization (an empire, for example) has passed its peak, and is in decline. The decline is always caused by a collection of stupidities – but the organization thinks it can overcome these by brute force – often military force.
Or it can use political force – forming coalitions that unite against a common threat. Or it can use both together – a very effective strategy – but one that always fails, eventually. The classic case was the rise and fall of the Roman Empire – that tried everything, but eventually failed completely.
Or let us take as an example, the late British Empire that made the British the most powerful, and the richest people in the world – for about one hundred years. I traveled in England in the Seventies, and noted how the Brits had not gotten over their fall to the poorest country in Europe – in less than twenty years.
The same could be said of the American Empire – that controlled much of the world in the Fifties and Sixties. Through a series of stupidities, it has gone into a steep decline. It still exists, but has to share power with other empires in decline – such as Russia.
I saw this in California, in the Eighties and Nineties – when I worked for a series of computer companies – all of whom failed. I began to wonder if a black cloud was following me around.
Computer companies (and software companies) are now beginning to see their stupidity – to see what they had been doing wrong – and figure out how to do it better. This progress is spotty – some parts of some companies have got the message – and other parts have not.
Whether this trend will continue in other industries remains to be seen.