2008 |
Well, that's the way to bet. As usual, economics trumps just about everything. Just how plausible is it that a global hegemon can continue to exert its dominance when its economy is utterly dependent upon its ability to borrow two billion dollars a day from its principal rivals: China and Japan, and from these hired funds, it pumps more than three hundred billion dollars a year into the coffers of its enemies: Saudi Arabia, Venezuela, Iran, and others to fund its addiction to petroleum? The last chapter presents a set of policy prescriptions to reverse the imminent disasters facing the U.S. Even if these policies could be sold to an electorate in which two generations have been brainwashed by collectivist nostrums, it still seems like “too little, too late”—once you've shipped your manufacturing industries offshore and become dependent upon immigrants for knowledge workers, how precisely do you get back to first world status? Beats me. Some will claim I am, along with the author, piling on recent headlines. I'd counsel taking a longer-term view, as I did when I decided to get out of the U.S. If you're into numbers, note the exchange rate of the U.S. dollar versus the Euro, and the price of gold and oil in U.S. dollars today, then compare them to the quotes five years hence. If the dollar has appreciated, then I'm wrong; if it's continuing its long-term slide into banana republic status, then maybe this rant wasn't as intemperate as you might have initially deemed it. His detractors call Pat Buchanan a “paleoconservative”, but how many “progressives” publish manuscripts written in the future? The acknowledgements (p. 266) is dated October 2008, ten months after I read it, but then I'm cool with that.Is the best of the free life behind us now?
Are the good times really over for good?