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globaltimes.cn
The decline of the US and the rise of the East
We are now witnessing a great realignment and transformation. The
so-called "American Century" has given way to a new century in which
other countries are asserting themselves .. Ironically, it was the US'
very attempt to maintain this status which has inexorably led to its
losing it, and to its decline as a nation ..
"We have wasted .. $3 trillion [on military spending since 1979] ..
If you take $3 trillion and put it in American infrastructure, you'd
probably have $2 trillion left over. We'd have high-speed railroad.
We'd have bridges that aren't collapsing. We'd have roads that are
maintained properly. Our education system would be as good as that of,
say, South Korea or Hong Kong." .. The results of all this have been
disastrous ..
.. 54% of US adults 16-74 years old - about 130 million people - lack
proficiency in literacy, reading below the equivalent of a sixth-grade
level .. This functional illiteracy - on par with what we used to call
Third World nations - was costing the US $2.2 trillion a year. It is
also costing the US in terms of its ability to maintain an informed
electorate which can meaningfully participate in an ostensibly
democratic system ..
The other factor leading to the decline of the United States has been
the increasing usurpation of power by the monied interests which now
control every facet of life in the country .. This was made possible
by a decision of the least democratic branch of the US government ..
which .. "reversed century-old campaign finance restrictions and
enabled corporations and other outside groups to spend unlimited funds
on elections."
The result is that US electoral positions now go to the highest bidders
which in turn act on behalf of themselves and their super rich friends,
and against the interests of the vast majority of the population ..
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> .. And now, it seems to be falling apart ..