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On the other hand, empires tend to stay dead after they die, and they shrink drastically.

Remember the Mongols of Ghengis Khan's time? All that's left is Inner Mongolia, and we don't hear much from there.

How about the more recent ones such as Austria-Hungary and the Ottoman Empire? Only stubs are left of each.

Not an empire, but the vast domination of the Vikings faded into Scandinavian niceness. Oddly enough, Russia began as a Viking outpost.

Rome? I think most of us know what happened there.

The British Empire-- an acknowledged empire-- has been managing its decline for many decades, and it's doing that well enough. The American Empire-- one in fact if not by official declaration-- may not have the privilege of managing its own decline (especially after USD falls, which it will).

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