The Collapse of the American Empire, page-1798

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    Just because I'm critical of America does not mean that I support
    China or the Russia or Iran or any of the US declared enemies.

    On the contrary I like America and expect it to be much better
    than it is and I simply hope that it can reform before its too late.

    In the longer term I believe that economics, not politics determine
    the fate of a country or in the US case, that of an Empire.

    The US demise started in the 1980s when it adopted Neo-liberalism iwhich
    saw many of its corporations become Multinationals taking
    manufacturing and related trade overseas and then milking
    the country dry as importers (Hence the Rust Bely) and most
    tragically, not repatriating profits but instead squirrelling them
    aay in Tax havens.

    It partially compensated by the Dot Comms but unlike manufacturing
    the accrued hi-tech wealth went almost exclusively to the economic elite
    and the highly educated middle class. This is the nub of the growing
    wealth gap in the USA and the reason that the country has to rely on debt
    to supply services because if it lived within its means (that is taxed to achieve
    annual balanced budgets) then it would have been in recession since its
    GFC.

    At the start of he GFC it had a Soverign Debt about $6 trillion & 12 years later
    that is $29 Trillion debt which is, on average, annual budget deficits of
    $2 Trillion a year or 10% of GDP.

    If the Government had collected $2 trillion extra tax per year since its GFC,
    then the US economy would have been in Recession since then, IMO..

    IMO, the US current trajectory of debt accrual is unsustainable and that's why
    it needs to economically re-invent itself.

    Now that's not supporting China or Russia but simply expressing concern that
    the current US politicians, administrators & Big Capital are not paying heed to where the country is heading.
    Rember that debt knocked over both the USSR & The British Empire within the last 100 years !

    My concern is that unless the USA gets its own Economic house in order within the next 3 decades,
    that China will over run it and force the US Armed Forces & US agencies back within its geographic borders.

    Why?

    Because I believe that the country with the biggest GDP over a generation or so will gradually
    acquire global hegemony.

    China has already nearly 35% of global manufacturing and trade and there are no real indicators at
    present that that's going to diminish anytime soon

    https://www.visualcapitalist.com/visualizing-the-94-trillion-world-economy-in-one-chart/






 
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