Is the sun setting on the United States?

Those Brits are at it again! Over at teh BBC, they are asking if the United States with all of our financial difficulties of late are losing our status as a world superpower. Now, of course you know that only someone from a "foreign" place could ask this question. If anyone FROM the United States of America asked this very pertinent question, why that person would be an America Hater. Someone that hates the troops. Perhaps someone that would like to see the socialization of the financial industries in this country (oh, you say Bush and Co. already are working on that deal)?

From BBC:

The financial crisis is likely to diminish the status of the United States as the world's only superpower.

On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially.

On the philosophical level, it will be harder for it to argue in favour of its free market ideas, if its own markets have collapsed.

Well, yeah.... but what brings you to this conclusion, oh foreign journalist?

Pivotal moment?

Some see this as a pivotal moment.

The political philosopher John Gray, who recently retired as a professor at the London School of Economics, wrote in the London paper The Observer: "Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably.

"The era of American global leadership, reaching back to the Second World War, is over... The American free-market creed has self-destructed while countries that retained overall control of markets have been vindicated."

"In a change as far-reaching in its implications as the fall of the Soviet Union, an entire model of government and the economy has collapsed.

"How symbolic that Chinese astronauts take a spacewalk while the US Treasury Secretary is on his knees."

Well, the Neo-Cons went and did it, didn't they? They turned a once great country that was built on the solid bedrock of hard work and brotherhood into a "profits before people" cabal of the haves and a downtrodden and bullied majority of the have-nots. They took what once was something beautiful that the entire world looked up to and tried with their very souls to emulate and from the ashes of their torching of our way of life what arose? A Phoenix, grand and formidable?


What arose was a country with a population of just over 300 million hard working citizens that was downgraded to junk stock status on the global market. What arose was a partisanship so deeply divided that brotherhood could no longer be described as a value held dear to each citizen.

What was left behind was everything that was once good and fair and wonderful about "America." What is pitiable and horrific is the knowledge that the bastards would do it all over again if given the opportunity.

No apocalypse now

Not all would agree that an American apocalypse has arrived. After all, the system has been tested before.

In 1987 the Dow Jones share index fell by more than 20% in one day. In 2000, the dot-com bubble burst. Yet both times, the US picked itself up, as it did post Vietnam.

Prof Gray's comments certainly did not impress one of the more hawkish figures who served in the Bush administration, the former UN ambassador John Bolton.

When I put them to him, he replied only: "If Professor Gray believes this, can he assure us that he is selling his US assets short?

"If so, where is he placing his money instead? And if he has no US assets, why should we be paying any attention to him?"

Nevertheless, it does seem that the concept of the single superpower left bestriding the world after the collapse of communism (and the supposed end of history) is no longer valid.

Leave it to the Pornstache of the Right, John Bolton to come up with an arrogant and dismissive statement regarding that "foreigner" that dared take to task the Government of the United States and their dreadful actions under Mr. Boltons Party of Greed administration.

Multi-polar world

Even leading neo-conservative thinkers accept that a more multi-polar world is emerging, though one in which they want the American position to be the leading one.

Robert Kagan, co-founder in 1997 of the "Project for the New American Century" that called for "American global leadership", wrote in Foreign Affairs magazine this autumn: "Those who today proclaim that the United States is in decline often imagine a past in which the world danced to an Olympian America's tune. That is an illusion.

"The world today looks more like that of the 19th Century than like that of the late 20th.

"Those who imagine this is good news should recall that the 19th Century order did not end as well as the Cold War did."

"To avoid such a fate, the United States and other democratic nations will need to take a more enlightened and generous view of their interests than they did even during the Cold War. The United States, as the strongest democracy, should not oppose but welcome a world of pooled and diminished national sovereignty".

My emphasis

Welcome a diminished national sovereignty? No problem Mr. Kagan. Brotherhood is for suckahs, right?


Whither Ayn Rand?

Oh, funluvn!

Please expound on Ayn Rand and cheap money and hypocrisy as above.


Ayn Rand Gone with the Wind and the Bailout plan?

Please expound on Ayn Rand and cheap money and hypocrisy as above.* usernamehere

What for? She has been dead for years after trying to read her own book which took 22 Russia years. You do understand that she was a White Rich Russian Jewish Princess who fled from Russia after the communist revolution, when her side lost over a Bailout plan?

I was a bit taken aback by that line of non-reasoning myself

and I'm so glad to see it wasn't just me.

So much work to do, so little actual understanding of what has to be done and especially, why.

North Carolina. Turning the South Blue!

North Carolina. Turning the South Blue!

Greenspan and the Neo-Cons

Well, the Neo-Cons went and did it, didn't they? They turned a once great country that was built on the solid bedrock of hard work and brotherhood into a "profits before people" cabal of the haves and a downtrodden and bullied majority of the have-nots.

I was supporting your thought, though I espouse a radically different solution.

Greenspan's (student of Rand) legacy of cheap money policies will just keep causing bubble after bubble (whether housing or derivatives or whatever is next).

The "why" is because we are our brother's keepers, though some so-called conservatives insist that we aren't - except when they need us to be their keeper.


That makes a bit more sense now. However, the radically

different solution was not spelled out in either your first nor your second reply. Certainly you were not discussing brotherhood, as I've met that challenge in the body of the post, therefore you have something more to say?

Looking forward to understanding that which you find to be radically different.


North Carolina. Turning the South Blue!

North Carolina. Turning the South Blue!

Amazing to think that one might have something to do with the

other, isn't it?

It's going to take a lot of really great ideas and a pulling together of the people of this country to overcome all they have done to us. With the incredible partisanship there it today, it's going to take a lot of great ideas on how to just pull us together.

North Carolina. Turning the South Blue!

North Carolina. Turning the South Blue!

The sun needs to set on this broken economic system

When all fetters are loosened, a certain hedonism creeps in, don't you think?
-screenplay of Gods and Monsters

“We foolishly believed that the firms had a strong culture of self-preservation and responsibility and would have the discipline not to be excessively borrowing,” said Professor James D. Cox, an expert on securities law and accounting at Duke School of Law (and no relationship to S.E.C. Chairman Christopher Cox).
“Letting the firms police themselves made sense to me because I didn’t think the S.E.C. had the staff and wherewithal to impose its own standards and I foolishly thought the market would impose its own self-discipline. We’ve all learned a terrible lesson,” he added.

Full story available at courtesy of The New York Times.

Rand’s philosophy and free market fundamentalists have been proven wrong time and again. Now, many former adherents (even at Duke!) to this flawed underpinning of the economic theory finally recognize that it must change. In fact, they’ve already changed mark-to-market accounting rules, the purest form of free market valuation of assets. An even more inept ban of short-selling and ever-altering of financial rules by these market believers is making FDR’s daily re-pricing of gold look calm and serene.

It is time to abandon this economy, not simply these policies, that always bring boom and bust. Even in the supposed booms in a world where we have the technology to feed and clothe everyone, the homeless die in the cold. Not just in far-off-istan, but right here in the North Carolina.

A radically different solution, not just a Band-Aid on this bubble’s bleeding is what’s needed to provide the security that even the rich now crave.

Mountain populism? Evangelical fervor? Chapel Hill socialism? It doesn’t matter you label it. It’s what is needed for a stable society.
It’s not a big leap to see where I’m going.

Other strategies for long-term societal stability? I'm fine with the sun setting on an era, even if it is just the Reagan revolution era. I'm not so fine with gliding past today's crisis, ignoring underlying issues, and enjoying another bust in a few years.


Just remember which reps voted "ye" on the bailout!!!


Send them (home)"packing" come election day, write their names down on a piece of paper and SAVE. Take it to the polls with you and vote for the candidate running against them next election. It's the only way to get rid of the politicians that choose not to listen to the voters that elected them into office................
Votes are the only thing they understand, it is your ONLY weapon against them!!!!

Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety. ( BEN FRANKLIN )