Economic Doomsday for the USA

Now that Obama and the rest of the Government has failed to produce a health care plan that will reduce costs or provide equal access, the biggest question becomes what price will be paid by society for this failure. The only reason why "health care reform" is being talked about at all by the ruling corporations and the Government is the apparent truths that the sky high cost of health care has (1) contributed to the current economic collapse and (2) might very well prevent an economic recovery.

Incidentally, when rich people on television talk about "economic recovery," they are talking about a recovery for rich people (through stock market gains and so forth) not about a true economic recovery that obviously would have to include a large number of jobs being created. But in fact, for the first time in history, the US Government has recently been dropping hints that there might be an economic recovery with few or no jobs created! Seriously though, any jobless recovery would be a recovery only in the fantasy world of very rich people.

So going forward, the relevant question becomes whether the failure to fix health will keep the economy from recovering and, specifically, will the failure prevent jobs from being created. If the number of US jobs does not rise anywhere near enough to cover the need for jobs (or continues to drop) for years and years, while the population continues to grow, (more slowly due to reduced immigration) then I for one don't see how the system as a whole can continue indefinitely.

This "doomsday" scenario would represent a systemic collapse on a scale seldom if ever seen in the world, and I assume that the relevant question would then become when a new political order would be established, not if. The US Constitution or at least some parts of it would probably be history in any doomsday scenario.

Although the new order could be less right wing than the existing one, I suppose it could be more obviously fascist than the current one, also. The US population appears to be too inherently right wing and too "dumbed down" for there ever to be Social Democracy" there, at least within the next 50 years or so. However, on the other hand, the virtually unprecedented scale of the very possibly developing systemic and essentially permanent economic collapse is a wild card factor that, to me as an economist anyway, makes possible almost any future political order, including a more progressive one.

[The above was in response to this article.]