How Did America Fall So Fast?
Posted in the China Forum
#1 May 15, 2013
Collapse of an Empire: Why America Fell So Far So Fast
All Empires Crash Soon After They Reach Their Peak
By Washington's Blog
Global Research, May 07, 2013
Thomas Edison said,Dissent is the highest form of patriotism. And because I love my country, I frequently criticize Americas shortcomings in the hopes of making her better.
But the truth is that the United States is not unusual it is just like all other empires which have hit their peak and then quickly crashed.
We noted in 2008:
Political insider and veteran reporter Kevin Phillips has documented that every major empire over the past several hundred years has undergone a predictable cycle of collapse, usually within 10 to 20 years of its peak power.
The indications are always the same:
- The financialization of the economy, moving from manufacturing to speculation;
- Very high levels of debt;
- Extreme economic inequality;
And costly military overreaching.
We wrote in 2009:
In 2000, America was described as the sole remaining superpower or even the worlds hyperpower. Now were in real trouble (at the very least, you have to admit that were losing power and wealth in comparison with China).
How did it happen so fast?
How Empires Fall
Paul Farrel provides a bigger-picture analysis, quoting Jared Diamond and Marc Faber.
Diamonds books, Collapse: How Societies Choose to Fail or Succeed, studies the collapse of civilizations throughout history, and finds:
Civilizations share a sharp curve of decline. Indeed, a societys demise may begin only a decade or two after it reaches its peak population, wealth and power
One of the choices has depended on the courage to practice long-term thinking, and to make bold, courageous, anticipatory decisions at a time when problems have become perceptible but before they reach crisis proportions.
#2 May 15, 2013
Empires which fight one too many wars always collapse.
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