werepossum
Elite Member
- Jul 10, 2006
- 29,873
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I do not believe that the USA will cease functioning as a Constitutional representative republic with democratically selected representation within my lifetime. I do believe we will go from a heavily regulated capitalist economy to a centrally planned semi-capitalist command economy, but I expect that to be a gradual transition as government subsumes more and more of the private sector. I also expect state and local governments to become increasingly irrelevant and increasingly relegated to merely enforcing the will of the federal government. And I do believe the Republicans will become essentially Democrats redux. Essentially I believe politically we're moving to become Red China if Red China was a welfare state. We'll have choices, just two choices largely believing the same things. Arguably that's true in large part already.
I think the real crash will be when the dollar ceases to be the world reserve currency. I expect at that point our national debt will be several times our GDP and repayment not even remotely feasible, at which point some huge fundamental change must occur. I doubt it will be a loss of democracy though since that requires a lot of people in power voluntarily giving up some of that power.
I think the real crash will be when the dollar ceases to be the world reserve currency. I expect at that point our national debt will be several times our GDP and repayment not even remotely feasible, at which point some huge fundamental change must occur. I doubt it will be a loss of democracy though since that requires a lot of people in power voluntarily giving up some of that power.
