is the US decline permanent?

[evanovitch]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Many Americans are still rich, of course; many more are comfortably middle class. And the economy, though weak, is nowhere near collapse. But the shift in the billionaire allotment reflects broader trends. While globalization is indeed producing fabulous wealth in countries that were once considered basket cases, many are asking whether the U.S. is losing its competitive edge and surrendering its long-held leadership positions in business, finance and innovation to foreign competitors.

&quot;The U.S. was always No. 1 and assumed it would be No. 1 and acted accordingly,&quot; says Doug Rediker, a former investment banker and a co-director of the Global Strategic Finance Initiative at the New America Foundation, a Washington, D.C., think tank. &quot;Now other nations are catching up. There are competitors fighting for market share in every industry. The U.S. is under pressure
</div></div>

[RichD]

Re: is the US decline permanent?

yuh hear the theory being floated that this is a manufactured crisis designed to bring strength to the US $$ and restore the balance of trade ..reestablish grounds for protectionism etc

[julie*mango]

Re: is the US decline permanent?

how so..sounds like another conspiracy theory to me

[Boricua_papi]

Re: is the US decline permanent?

So went the Macedonian Empire (under Alexander the Great), Persian Empire, Carthaginian Empire, Roman Empire, the Islamic Caliphates, Ottoman Empire, and British Empire, so will one day go the USA. All superpowers rise and fall. We may not get the 600 years the Romans got.

[evanovitch]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">yuh hear the theory being floated that this is a manufactured crisis designed to bring strength to the US $$ and restore the balance of trade ..reestablish grounds for protectionism etc </div></div>


it all being manufactured been floating fi a long while...explain how it gwine to reestablish di balance of trade doah...wat, we a go file fi bankruptcy an den stawt again

[evanovitch]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: B_P</div><div class="ubbcode-body">So went the Macedonian Empire (under Alexander the Great), Persian Empire, Carthaginian Empire, Roman Empire, the Islamic Caliphates, Ottoman Empire, and British Empire, so will one day go the USA. All superpowers rise and fall. We may not get the 600 years the Romans got. </div></div>

valid...societal growth (nations dat is)is cyclical fi real...the US staved off Japan's ascendency bak couple years ongle fi buk up eena CHina...

[blugiant]

Re: is the US decline permanent?

mii see diss as more bout market carrectshan dan decline. far a lang thyme de market wass ova inflated cah p/e wass out aff wack. de market now based pon stock prices iss onlee a likkle below itt actual value. soo de decline iss onlee temporary

[Dyoll_73]

Re: is the US decline permanent?

If you don't have it in your personal library, check out this book at your local library: <span style="font-style: italic">The Rise and Fall of the Great Powers </span>by Paul Kennedy.

You may not agree with all his conclusions, but on a whole, his points are well reasoned.

A big chunk of America's decline can be attributed to the cost of empire. Think about the $700 billion (and counting) imperial project in Messopotamia. And with declining revenues, expenditures are being financed, in large measure, through borrowing. This is a recipe for disaster.

America hasn't learned from the fall of the great powers before it. Those who fail to learn from history will get an opportunity to repeat it.

[evanovitch]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Humano</div><div class="ubbcode-body">If you don't have it in your personal library, check out this book at your local library: <span style="font-style: italic">The Rise and Fall of the Great Powers </span>by Paul Kennedy.

You may not agree with all his conclusions, but on a whole, his points are well reasoned.

A big chunk of America's decline can be attributed to the cost of empire. Think about the $700 billion (and counting) imperial project in Messopotamia. And with declining revenues, expenditures are being financed, in large measure, through borrowing. This is a recipe for disaster.

America hasn't learned from the fall of the great powers before it. Those who fail to learn from history will get an opportunity to repeat it. </div></div>

i have long trumpeted the parallel to the rise and fall of Rome...u cannot go any betta dan dat to pattern the US decline...even dung to di reality shows being akin to the gladiators and the arenas...i heard dis irate parent cussing on Hannity one nite dat dem pickney was being taught about the rise n fall of Rome as a parallel to current US situation..an how it was anti American fi di teacher to be doing dat...i was sooooooo amused at the ignorance displayed...but den Hannity goes for that market

[julie*mango]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blugiant</div><div class="ubbcode-body">mii see diss as more bout market carrectshan dan decline. far a lang thyme de market wass ova inflated cah p/e wass out aff wack. de market now based pon stock prices iss onlee a likkle below itt actual value. soo de decline iss onlee temporary </div></div>

we agree

[Sinco01]

Re: is the US decline permanent?



How nobaddi ah talk bout
&quot;Babylon muss fall&quot;
&quot;Beatdung Babylon s...tem&quot; ... ect ... ect ..



Anyway Blue ..
I'm not sure this temporary ..
America will survive for awhile ..

But when &quot;things fall apart&quot; ..
not even the rich will be left unscathed ..

To go from a labour intensive manufacturing ..
replaced by a outsourcing service industry ..
where will the jobs be created ..
who will selling .. what ?
who will be buying .. what ?

as it is now ..
this economy is not very sustainable ..

time will tell

[evanovitch]

Re: is the US decline permanent?

u eva look arung an see the 'third world' behaviours dat di US use to eschew

[Sinco01]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">u eva look arung an see the 'third world' behaviours dat di US use to eschew
</div></div>


mi nuh sure mi undastan dis ..

dem is a rich country..
dem avoid anything whe mek dem look third world ..

suh what yuh notice now ?

[neutral]

Re: is the US decline permanent?

In my opinion the US will never recover from this,this is the beginning of the great capitalism decline,.....the king is dead,..long live the (chinese) king.

[Dyoll_73]

Re: is the US decline permanent?

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">...i heard dis irate parent cussing on Hannity one nite dat dem pickney was being taught about the rise n fall of Rome as a parallel to current US situation..an how it was anti American fi di teacher to be doing dat...i was sooooooo amused at the ignorance displayed...but den Hannity goes for that market </div></div>

Quite so. Ignorance and anti-intellectualism are now the hallmarks of the right wing nuts. For sure this woman would find it to 'anti-American.' She would rather hear about 'American exceptionalism.'

America will rise again, if it learns, and if it has bold, courageous leadership. Can Obama deliver? I don't really know. If Larry Summers is appointed to Treasury, you would have the guy who helped to create the mess back in the 90s - from his promotion of the &quot;Washington Consensus&quot; during his tenure as chief economist at the World Bank, to his anti-regulation policies during his four years at Treasury (under-secretary and secretary). Unregulated, unfettered capitalism finally met its waterloo.

And if Hillary Clinton gets Secretary of State, it will be a continuation of empire building. Considering that she is somewhat trigger-happy and hawkish, and favors American dominance in the world, I'm not surprised that the neo-cons and warmonger republicans are salivating at the prospects that she will be appointed.

So these are just two reason I'm not so optimistic.