They All Fail
- Thread starter Rockslinger
- Start date
America is in decline but the 'fall' is a long way away. We'll all be long gone before that happens.
American hegemony will continue to recede over the next century and a half, both because of its debt problems as well as changes in ethnic demographics. The growing population of less educated and less educable minority groups, such as Hispanics, will result in a larger destitute American underclass that is unable to contribute to the nation economically, politically, and technologically. Debts will compound, States will be bankrupted, and technological competitiveness will be compromised or surpassed by other nations.
Developing nations will reach relative parity with the West and each country will have its own small powerful wealthy elites that wield all power while the average joe in every society returns to the peasantry of his forefathers. Globalization will be complete.
American hegemony will continue to recede over the next century and a half, both because of its debt problems as well as changes in ethnic demographics. The growing population of less educated and less educable minority groups, such as Hispanics, will result in a larger destitute American underclass that is unable to contribute to the nation economically, politically, and technologically. Debts will compound, States will be bankrupted, and technological competitiveness will be compromised or surpassed by other nations.
Developing nations will reach relative parity with the West and each country will have its own small powerful wealthy elites that wield all power while the average joe in every society returns to the peasantry of his forefathers. Globalization will be complete.
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Nations are like corporations. At some point they get saddled with too much legacy baggage and can't cope. Take Air Canada versus Westjet for example. Air Canada is sinking because of its legacy baggage (overstaffed, overpaid workers, inefficient workers, huge pension liabilities, etc.).
Air Canada's problem is that they still think their business model works and throw more money into it to prove it.
No. But it works quite well in day to day life with other people. Economics may help us understand some aspects of that, but then so do analogies.
