The evolutionary road of the United States of America, from the British colony to the modern "empire", has been impressive. Most of American ideologues, politicians, media, and many ordinary citizens, claim that the capitalist model of economy was the main ideological and creative source of energy which has made the United States the land of ultimate freedoms and opportunities, where any individual can dream about pursuing personal happiness and achieving exceptional social standing. For the birth and preservation of the new American nation two wars were fought - Revolutionary War against the British Empire, and the Civil War. However, the American society has reached the end of exceptional prosperity journey decades ago and is declining ever since. The main reasons for the economic slowdown and crisis are the inner limits and contradictions of the capitalist system itself, inappropriate government policies, and wrong priorities. A country or government which operates through astronomic budget deficit, foreign loans, and negative trade balance, spending billions of dollars per year on military to maintain the global policing role, while allowing the extreme polarization of income distribution and wealth accumulation internally, will end up in deep economic, financial, and political crisis. The current American economic, social, and political system is dominated by greed, corruption, speculations, special corporate interests, ideological divisions, political confrontations, rise of radical conservative movements and racism. All the above indicates that the foundation of the American economic system and democracy have started to rot internally, and its supreme status weaken globally. The United States economy and democracy may see some short periods of recovery in the future, but sooner or later it will reach the point when both the capitalist system of economy and the federal Union itself would be at stake. The history has shown that all previously powerful empires have collapsed due to inner and outer reasons. Most recently, the Soviet Union, and Yugoslav federation broke up. Currently the only one new multinational free trade and labor community is the European Union, but it will likely disintegrate soon. The United Kingdom is desperately trying to keep its territorial integrity as Northern Ireland, Scotland, and Wales are seeking the self-determination exit. Russian federation is also struggling internally with secessionist quest of Chechnya. The American federal Union is not an exception. NATO has become an obsolete and costly military alliance as it primarily serves the interests of the United States to deter Russia and China from taking over the American global leadership. As for the capitalism in the United States and worldwide, it will collapse sooner or later, as well. A system based on an extremely deregulated economic and financial market with loopholes and tax system favorizing big corporations, and a small percentage of population, while millions of others are unemployed, uninsured, homeless, or incarcerated, cannot last forever. The only just and efficient economic system in the future should or would be the "Nordic model". In Denmark, for example, citizens pay very high taxes, but hey have free healthcare and education, work 33 hours a week, make minimum $ 20.00 per hour, the unemployment rate and homelessness is very low, and are among the happiest nation on Earth, even without California or Florida weather and beaches, or being the global military superpower.
| Author: Michael Emmery |
| Publisher: Independently Published |
| Publication Date: 44273 |
| Number of Pages: 320 pages |
| Binding: History |
| ISBN-10: |
| ISBN-13: 9798724456913 |
