Lind: 17th Century Spain = 21st Century USA?

William S. Lind:

When people ask me what to read to find an historical parallel with America’s situation today, I usually recommend J. H. Elliott’s splendid history of Spain in the first half of the 17th century, The Count-Duke of Olivares: A Statesman in an Age of Decline. One of the features of the Spanish court in that period was its increasing disconnection with reality. At one point, Spain was trying to establish a Baltic fleet while the Dutch navy controlled the Straits of Gibraltar.