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Are we witnessing the fall of the American empire? Are we doomed to fall, like Ancient Athens, Ancient Rome and others?

No. But if we don’t learn the lessons of history, we could be.

To avoid collapse, historian Johan Norberg argues we especially need to learn from the rise and fall of past golden ages—like Ancient Athens, Ancient Rome, China’s Song Dynasty, the Italian Renaissance, and more.

“What sets these golden ages apart," he explains, "is that they managed to ... give more people more freedoms.” Like freedom to trade. That helped many golden ages prosper.

In this podcast, we also discuss what led to their decline.

I was surprised to learn that many problems we face today (like inflation and unsustainable entitlement spending) also destroyed societies more than a thousand years ago.

“But that doesn't mean that we're doomed,” says Norberg. “There are so many instances where societies faced terrible situations … but bounced back … So there is still time. We can still save this golden age.”