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Originally Posted by SimNut
From Le Monde Diplomatic... European Press
The economic disaster that is military keynesianism
Why the US has really gone broke
(...)
If we do these things we have a chance of squeaking by. If we don’t, we face probable national insolvency and a long depression. |
Last time I reported something like that I got massively and personally attacked, and accused of blind dogmatic anti-americanism!
Aren't you afraid to share that fate?
There is a superb history book aboiut the link between economy, military spending and state of a nation: Paul Kennedy: "The Rise and Fall of the great Powers. Economic Change and Military Conflict 1500-2000". Highly recommended. Nothing could be more wrong than saying america is the first empire to fall into the trap of becoming bancrupt over military spendings. It is just repeating the same old mistakes - again. And no empire ever recovered from such a breakdown. there will be no unipolar american century. Just a chaotic multipolar competition between several strong players hanging at each other's throats, fighting madly over decreasing reserves of ressources.
And in a not so far away future, they will even fight just about water. Not in ten years - but in this century.