It is very simple.
1) A nation can't borrow and print its way out of a debt crisis. It destroys confidence in its currency and makes matters worse, regardless of how charismatic its president.
2) A nation's consumers can't shop their way to prosperity by buying goods they can't afford. It only compounds their debts.
3) A nation can't sell its government to the highest bidders. When that happens, not only is the treasury pillaged, so is the freedom of the people. The latter just takes a little longer.
4) A nation can't drain its resources on weapons and wars. It's the fastest way to the poor house, morally and financially, for beating people into submission doesn't work and extracts a heavy price on the souls of those who try it.
The financial collapse has already begun, but there is good news as well. The collapse will force the people to get involved with their government, rather than just casting a ballot and assuming the politician they voted for will fix the problems.
It is also a chance for the people to learn from their mistakes and build a better, more humble and compassionate nation, one that uses its resources to uplift itself and the rest of the world. For that is how one truly finds peace and prosperity.
Dick [last updated 2/8/10]
1 comment:
Dear Reader, This is a comment posted on this piece when it was shared on the Democratic Underground.
Posted by Warpy on 2/9/10 "I'd add #5"
"A country can't ship all its manufacturing to cheaper labor markets and expect to do anything but fail as its people are jobless, its revenue stream decreased, and political unrest by people who have nothing to lose increases. Such a country can delay the inevitable by offering a never ending supply of cheap debt but eventually a debt ceiling will be reached and the whole business will come crashing down, usually quickly.
"That's what's really at work right now, together with your #4.
"We'll have to abandon Empire in favor of getting our industry back in operation if we're ever seriously concerned with national security. Shipping key industries offshore has left us incredibly vulnerable to even a small trade embargo and trust me, it's coming."
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