The noose cinches...
Second-rate George H.W. Bush got a first-rate Washington send-off. For one day it interrupted the downtrend in equity markets. It may mark the US apotheosis of inflated grandiosity. Across the Atlantic, Emmanuel Macron, pretentious popinjay of Gallic grandiosity, has gotten a deserved comeuppance. Brexit, Trump’s election, and nationalist uprisings in Southern and Eastern Europe apparently insufficient warning to the globalists who would rule us, the French rioters are sending yet another wake-up call. If that’s not enough, so too are many of the nations outside the Euro-American welfare state asylum.
The crazies’ kings, queens, and courtiers face a dwindling inheritance and mounting debt, but spend lavishly to keep up appearances. Falling markets and rioting taxpayers are unwelcome reminders that the money’s running out, leaving behind a stack of IOUs that won’t be paid. The aristocracy wants to offload the pain to the peasantry, but the riots demonstrate that the peasantry has other ideas. Our betters also want to blame their sea of woes on Eurasia’s leaders, but Russia, China, Russia, Turkey, and Iran are having none of that. They are, however, delighted to see the West crumbling and will do nothing to stop it.
Empire is America’s noose, hubris America’s curse. Once upon a time it didn’t matter much to the American people or their politicians what happened in Asia, Africa, the Middle East, or even Europe. During the nineteenth century, for the most part we minded our own business, and what a business it turned out to be. America became the world’s industrial, technological, and commercial powerhouse.
Success may be the hardest human condition to endure. Few individuals withstand it. For empires, it’s always temporary. They fail and topple from the pinnacle with monotonous regularity. Preceding the fall is that heady feeling of invincibility, just as the those you ignored, scorned, or subjugated on the way up are putting in place their plans to take you down.
World War II left America and its satrapies at the top of the global heap. They neither recognized that their position was the result of fortuitous circumstances nor that their embrace of income taxes, central banking, welfare and warfare states, and governments’ ever-expanding interference in the lives of their citizens would eventually undercut their preeminence. Not until financial catastrophe, insurrection, and the relative progress of nations outside the empire unmistakably confronts them will they recognize that things have changed.
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