Growing Third World Tendencies in and the Ultimate Destiny of the USA

On the one hand the US is indisputably a country with numerous and growing third world tendencies. There are many, many millions (at the bottom of the economic ladder) in the US who for all practical purposes have the same well being and prospects as they would have if they were living in an above average third world country, such as Jamaica or Kazakhstan.

Meanwhile, on the other hand, the US Government continues to, in high and mighty fashion, dictate economic and security doctrine and parameters to the world. While not all of this doctrine is followed in every country, some of the "highest levels" of the doctrine is slavishly followed in almost every relevant country.

To the rest of the World, the US is like a supersized and on steroids version of the 1980's Soviet Union: failing badly but armed to the teeth with nuclear weapons. But unlike the Soviet Union, the US, based on its legacy prosperity and power, is the linchpin of the globalized economic and security system. Like the banks within the US that were bailed out, the US is "too big to fail" within that globalized system.

But “too big to fail” only goes so far. When the US system finally completely collapses sometime within the next 120 years, the relevant question becomes who will bail out the US? Who will come to the rescue when, among other things, the dollar collapses, when the US can't float more debt, when even Chinese and other Asian goods become too expensive for Americans, and when it becomes permanently impossible to add a substantial number of jobs to (an increasingly inadequate number of) jobs?

Well, actually, when that day comes, the US will probably be bailed out by some combination of the IMF, World Bank, and the treasuries of other countries, which will be by then clearly and by a wide margin much wealthier countries. All third world countries are “bailed out” to one extent or another from time to time.

But obviously these kinds of bail outs are merely triage, don’t do much to solve the root problems, and don’t do much to boost the country out of third world status. Basically, the bailouts of third world countries merely keep such countries from going up in flames and keep the population of them from starving en masse.

But what will the terms of the US bailout be? Well, they most definitely will not be easy or favorable terms, because for one thing, there is so much to bail out. I mean, the country is not exactly small in size, geographically or population wise.

Trust me; we don't want to wait until the day the terms of the bailout are announced. It's time to abandon the corpse of a system now and proceed as free men and women who don't need to be bailed out from economic failure and debt slavery. It’s becoming more and more overdue that we move beyond talking about how to rearrange the deck chairs on the Titanic.

That’s all the 2009 “health care debate” in the US is: it’s nothing more and nothing less than a discussion about how to rearrange those Titanic deck chairs. The real health care debate is not being held. The real one is a discussion about how to remove profit, obscene salaries, and other unsustainable and obscene costs from the sinking health care system, which is taking the whole economy down with it.

[The above is in response to this article.]