Saturday, June 28, 2008
What Do You Have?
What do you have when you have a country where the government has "fought many wars," bringing the country "to the verge of bankruptcy?"
--Where "an inefficient...financial system" is "unable to manage the national debt," which is "both caused and exacerbated by the burden of grossly inequitable" (and insufficient) "taxation?"
--Where there is a deep resentment of the continuing "conspicuous consumption" of the ruling class?
--Where there is ongoing and rising high unemployment and inflated prices?
I'd say you have the French Revolution on your hands, from the looks of it.
The major social disruptions usually occur when a society has been experiencing the sort of crisis described above, and then things improve just a little bit. At that point all hell can break loose, as it did in 1789.
This is the year the Republicans will be swept from power. The Democrats will take over, and people will be expecting big improvements. But the Democrats won't deliver the kinds of big changes voters are anticipating.
There'll be some improvement, but there'll also be a lot of foot-dragging. We won't be leaving Iraq any time soon.
That is, unless major social disruptions occur. Could happen.