Former press baron Conrad Black had an op-ed in the National Post with that title over the weekend (HT: RealClearPolitics.com).
It makes for an interesting read. At the end, he suggests that the UK and Canada might lead the way out of the rubble:
Both countries, as they shore themselves up and brace themselves for the disarray that the Americans and peripheral Europeans and Japanese seem determined to generate, should keep their nerve, stay in close touch, be prepared to embrace Germany and a few others when they tire of being Europe’s baggage animals, and get ready for great opportunities to lead and renovate.
Food for thought.