This post, from July 4, 2010, marks the moment at which I realized that our fourth great crisis was not going to turn out as I had hoped.
This post, from July 4, 2010, marks the moment at which I realized that our fourth great crisis was not going to turn out as I had hoped.
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In 10 or 20 years we will certainly reflect on the time between the fall of the Berlin Wall and the Ukraine War as a transition to a new era, much as WWI, Depression, WWII brought us from Eurocentric world to a bipolar conflict. That conflict has dissolved and a multipolar reality including many powers is taking form. Our battles in the muslim world weakened us, gave resolve to those doubting our serious democratic credentials, to join the other side. The banking crisis also showed disenguousness towards democratic principle as the rich were bailed out. If neocons and banksters had not taken control then global conflicts, huge deficits might have been avoided. As it is, no responsibility was shown but hubris of a Greek tragedy. We must hope that America only suffers a slow drift into marginalization in international fora and not a total blamage by losing absolute face in some overt manner, triggering perhaps a desperate response. Weilding such global power since WWII has been a blessing and a curse. It is perhaps better to be a minor player and focus solidly on finances, infrastructure, internal morale for a century or two. This is what made the country what it was.
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