Cold_Zero wrote:
Bwana, Thanks for this thread. I really enjoyed your musing (not used in a pejorative way) about this topic. The part I have quoted really has struck a chord with me recently. I would even go as far to quote the old adage 'Those who do not learn from their past are doom to repeat it.' And I believe that is exactly what we are doing with our bold and arrogant push for Western European Socialism from the last century. We can all see that in many different ways, it just did not work as well as it is presented in the beginning. Personally, I think that people that are so in love with Socialist models for Government should just pull up the stakes and move to a country where they can find their favorite style. I don't think you should take a country's (United States of America) government and change it into something that it is not.
We have this same problem in our church body these days. People come in and want to hijack our traditional Lutheran churches and turn them into a Nondenominational/Evangelical mega church with contemporary worship. Then there is a mass exodus of parishioners that go looking for another traditional Lutheran church. It isn't as if you can't find nondemon/Evangelical mega churches with contemporary worship services in around time. To be honest, there is nothing wrong with them and our city is flooded with them. But don't hijack our church (country) and turn it into something that it is not, just to stroke your own ego or agenda. Go seek out that church (country) you are looking for and join theirs congregation (government).
So when Rome fell in the 5 th century, what great Kingdom or Empire existed in Western Europe to take its place? The answer is nothing, because Europe was cast into the Dark Ages due to the power vacuum that fall of Rome and the shift of the Empire East left. So to answer your question, nothing has to be in place in order for America to fall (as a super power) and have something take its place. Personally, I have been thinking a lot about the prospect that either the fall of the United States and Europe in dominance or the fall of Capitalism or some great disaster or plague would cause to force our world (or region) into another Dark Ages. Obviously, this is all speculation, but it does make one think.
You seem to support what Bwana is saying to some extend with this Rome vs. USA analogy. I mean sure, after Rome transitioned from a Republic to the Empire and later de-evolved into Tyrannical Dictatorships, Rome did see expansion of its Empire (sphere of influence) and even saw prosperous times. It wasn't as if the fall of Rome was a straight shot down on a linear scale from 49BC to 410 AD. To be honest, looking at the Subprime Mortgage Scandal, its probably more akin to a bubble where things appear to be growing, increasing and when it bursts there is no foundation (the old Republic) to support it.
Rome had a Republic similar to the United States of America. They also moved away from an agrarian society and depended on foreign food suppliers (Alexandria) to supply their food, just like the United States. We both have/had a break down in societal institutions. They maintain an enormous empire militarily and economically, just like the United States does to maintain its Superpower status. No, your right, Rome had none of the trappings that the United States has today.
In order to understand the changes taking place in the US, we need to understand the differences between political systems and economic systems. Generally speaking, the chart below is what was basically obtainable, until the current re-ordering of events in the US. There is always a tendency to confuse both, while they are both distinct.
Political System corresponds to Economic System
Democracy corresponds to Capitalism
Communism/fascism corresponds to Socialism
The United States was basically a pure system where its political beleifs (democracy) aligned with capitalism. In the same vein, countries like Russia were also pure systems where their political beleifs aligned with their socialist economic system.
Europe, on the other hand, have always had a hybrid system--- a democractic government system and a socialist economic ideal.
More recently, beginning with China which used to be a pure communist system, there has been adjustments made to fit communism as a political system to a capitalist economic system.
The US is in essence shifting economic systems, alone, to fit the european style only to the extent that it helps address inequities and misalignment of resources in the domestic economic system. It is the mis-alignment of resources, that led to the excessive greeed and avarice, we now see on wallstreet.
And yes, socialism does a better job than capitalism in "re-aligning" resources. However, capitalism is better at "re-allocating" resources to their best ends. re-alligning resources is not the same as re-allocating resources. Re-alignment is more of moving things around in order to be more effective, while re-allocation is more of a function of efficiency in order to get the best bang for the buck.
There is no evidence to suggest that the european style system is any worse off than the US pure system, which apparently has become ineffective, and not actually failed, as a result of significant lack of regulation and monitoring. Yes, every political system requires regulations and every economic system requires discipline. The US system lacked both in the last three decades. And, the US has routinely shifted economic systems from a socialist economic ideal to a capitalist ideal, and back again, since FDR. So, I am unsure why the current crisis warrants designation as a failure when much of the symptoms of this crisis are more similar to the crisis that Ronald Regan inherited, which was not a failure, than what FDR inherited, which was the closest the US ever came to an outright ecnomic failure. Regan inherited an unemployment rate of 7.8% and peaked at about 10%, almost the same as Obama who inherited an unemployment rate of almost 7.3%, while the state of California for example, is already experiencing unemployment rates of as high as 10%.
While no one took the place of Rome, the US is different on several accounts, and unlike Rome. The world is not ready to let the US loose, simply because its political system (democracy) is perhaps, the most stable globally. Investments are also a function of the relative stability of a nations political system. Rome had little political stability or a continuum of political processes that defied the savagery of a dictatorship, emperor, or fascist. Thus, the Roman system, while a republic, was prone to political instability and uncertainty, that is most unusual or unheard of, in the United States. So, investors still dump thier cash in the US, backed by the full fatih of the federal govt. A currencies value is partly a reflection of the faith investors have in the nations political system, among other variables that affect its value.
Rome did not have this luxury, and so when it fell, it fell hard. Secondly, the US dollar, inspite of its competition, the euro, remains the world's legal tender. That should say volumes for the preception investors have about the dollar and the perception they have about the strength of the US political system . Rome did not have this luxury either. And when Rome wanted their currency to be the global legal tender, it was done by force, threat, and war. The US does not need to use such mechanism to make the dollar strong or be accepted.
And yes, i did try to align my comments with those of Bwana, only to some extent. However, other obvious issues had to be tabled as well.
So, the direct comparison between Rome and the US, while appropropriate, isn't exactly same, when one decides to take into account the organization and processes of their political and economic systems.
But as usual, Cold_Zero, I love the way you present your logic and thoughts--well said. Excellently done.
Modified by Jacko3 at 11:03 AM 3/2/2009
Modified by Jacko3 at 11:58 AM 3/2/2009