In the past, a sharp downshift in the US and Europe would decisively slow the rate of global growth. This time, emerging markets appear poised to grow collectively by 6.7 percent this year, according to recent forecasts by the International Monetary Fund.
Some might argue, "No. It's not the US empire in decline. It's a relative shift of other nations ascending, giving the appearance of the US in decline."
I don't think so. Over ten years ago economist and writer, Lester Thurow, documented a twenty-year decline in the US as I've noted before. Don't be fooled by Wall Street Economics when it's Main Street Economics that counts... at least for those who believe in democracy of the people.
It's a "new world order" that the neocons have seen coming. Their answer is to build up the US military and use violent force to cling onto empire. They fail to admit that the decline is due, in great part, to the consolidation of power and wealth in the hands of a few who claim allegiance to the flag, but who have no national allegiance. Ironically, the neocons aren't the elites consolidating power. We hear about fighting among elites, "the neocons" the "pragmatists" and then there are what I'll call "the JFK killers."
The later are the ones who currently run the White House. Nothing is black-and-white, and because they have, in times past, made alliances with "pragmatists" and "neocons" among others, e.g., "liberal bankers," to get things done... among the elite.
The point? We now see all of the elite jockying as the stallion on which they ride, the US, begins to descend on a path of no return. It happened to China, Rome, the Ottomans, Spain, Britain. Our job, as citizens of the US, other than to survive as individuals, is to assist in the transition and ensure that certain elites (the JFK killers) don't do something crazy, like go to war with China, as a desperate means of clinging to a failing empire.
Sources:
Christian Science Monitor, Amid economic slowdown, signs of new world order, June 3, 2008.
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