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The 18th century is still the least popular among Ottoman historians. Recently, with the influential counter-narrative of Ottoman decline and the coining of a new term—the 'Second Ottoman Empire'—by Baki Tezcan, our understanding of periodization in Ottoman history has changed. It is now recognized that there was no golden age followed by centuries of decline.

In his New Year’s address for 2012 the British Prime Minister sought to rally a demoralized people saddled with debts, recession, and unemployment in the face of a continuing policy of wholesale transfer of assets from public to private, by reminding them of the forthcoming Olympic Games and the Queen’s Jubilee.