From: Zero Hedge
Dominant superpowers don’t accumulate $30 trillion in debt
FEB 07, 2022
by Simon Black via Sovereign Man
…
The government was extremely unstable, and notoriously corrupt. They rigged elections. They sent Praetorian guards to harass and intimidate their opponents. And they sewed social conflict so that Romans turned on one another.
In the meantime, the Roman economy was collapsing. Inflation became so rampant that Diocletian infamously had to implement extreme price controls, and then threaten to kill anyone who didn’t follow them.
They also lost control of their borders, as countless barbarian tribes poured into the empire and squatted on Roman lands.
The barbarian migration eventually turned into full-blown invasions and military conflict, and the Roman military lost a number of major battles.
In 251 AD, for example, Rome suffered a crushing defeat by the invading Goths at the Battle of Abritus. The Goths decimated three Roman legions, killed the emperor, and stole TONS of gold.
Even the lowest peasant was able to figure it out: dominant superpowers don’t lose battles.
They maintain secure borders. They have strong currencies. They don’t blow through six leaders in a single year. They aren’t in a constant state of social revolution. And they aren’t bankrupt.
We could easily apply the same logic today.
And this is especially true after last week’s watershed moment in which the US national debt reached $30 trillion for the first time.
It’s hardly controversial to assert that dominant superpowers don’t accumulate $30 trillion in debt (which, by the way, is 25% larger than the entire US economy).
But it’s not just the debt. It’s so much more.
Dominant superpowers don’t surrender tens of billions of dollars of military equipment to their sworn enemy, and then fly away with local civilians clinging to the side of their aircraft.
Dominant superpowers don’t abandon their own citizens abroad.
Dominant superpowers don’t engineer historically high inflation… and then ignore it. Nor do they embrace socialism, i.e. the literal opposite of the capitalist economic system that created so much wealth and power to begin with.
Dominant superpowers don’t send their government agents to harass innocent citizens, or tell parents they have no say in the education of their children.
Dominant superpowers don’t suspend their Constitutions because of a virus. They don’t give people incentives to NOT work. They don’t constantly make it difficult for small businesses to succeed.
Dominant superpowers don’t deliberately reduce their military’s physical fitness standards in the name of diversity and inclusion. They don’t prioritize “equity” over national security. And they certainly don’t fire experienced intelligence operatives because of individual medical decisions.
Dominant superpowers don’t placate their adversaries and bow to their demands. They aren’t afraid to offend their rivals.
Dominant superpowers don’t create incentives for countless people to illegally cross the border and go live under a bridge.
And above all else, dominant superpowers are able to deal with challenges.
Yes, there’s always been conflict and disagreement. But dominant superpowers have stable, effective governments who can do what is necessary to solve problems. And they have societies whose people can coexist peacefully without being at each others’ throats all the time.
It might not be pleasant to think about, but these are all true statements about the United States. And like Rome, they are all obvious signs of decline. Simply put, the US is no longer the dominant superpower.
Leave a Reply