Chris Hedges: The World to Come

[marmar]

The World to Come
Chris Hedges


(Truthdig) The ruling elites are painfully aware that the foundations of American power are rotting. The outsourcing of manufacturing in the United States and the plunging of over half the population into poverty will, they know, not be reversed. The self-destructive government shutdown has been only one of numerous assaults on the efficiency of the administrative state. The failing roads, bridges and public transportation are making commerce and communications more difficult. The soaring government deficit, now almost a trillion dollars thanks to the Trump administration’s massive corporate tax cuts, cannot be eliminated. The seizure of the financial system by global speculators ensures, sooner rather than later, another financial meltdown. The dysfunction of democratic institutions, which vomit up con artists such as Donald Trump and hold as alternatives inept, corporate-indentured politicians such as Joe Biden and Nancy Pelosi, is cementing into place a new authoritarianism. The hollowing out of the pillars of the state, including the diplomatic corps and regulatory agencies, leaves the blunt force of the military as the only response to foreign disputes and fuels endless and futile foreign wars.

Just as ominous as the visible rot is the internal decay. Among all social classes there is a loss of faith in the government, widespread frustration, a sense of stagnation and entrapment, bitterness over unfulfilled expectations and promises, and a merging of fact and fiction so that civil and political discourse is no longer rooted in reality. The nation’s isolation by its traditional allies and its inability, especially in the face of environmental catastrophe, to articulate rational and visionary policies have shattered the mystique that is vital to power. “A society becomes totalitarian when its structure becomes flagrantly artificial,” George Orwell wrote. “That is when its ruling class has lost its function but succeeds in clinging to power by force or fraud.” Our elites have exhausted fraud. Force is all they have left.

The United States is a wounded beast, bellowing and thrashing in its death throes. It can inflict tremendous damage, but it cannot recover. These are the last, agonizing days of the American Empire. The death blow will come when the dollar is dropped as the world’s reserve currency, a process already underway. The value of the dollar will plummet, setting off a severe depression and demanding instant contraction of the military overseas.

Seth A. Klarman, who runs the Baupost Group hedge fund, which manages about $27 billion, just sent a sobering 22-page letter to his investors. He pointed out that the nation’s ratio of government debt to gross domestic product from 2008 to 2017 exceeded 100 percent and is close to that in France, Canada, Britain and Spain. The debt crisis, he warned, could be the “seeds” of the next financial crisis. He decried the global unraveling of “social cohesion,” adding, “It can’t be business as usual amid constant protests, riots, shutdowns and escalating social tensions.” ...........(more)

https://www.truthdig.com/articles/the-world-to-come/

[CrispyQ]

1. I should have had stronger coffee for that read.

Hedges' book, American Fascists: The Christian Right and the War on America should be required reading. We have ignored the zealots at our peril. Many years ago when Jack Cafferty still had three minute segments on Blitzer's show, he devoted a few to the dominionists. He ended by saying - these are scary folks & we should be paying attention to them. We should have. Now we have a president openly advocating for Bible literacy classes in schools.

[SHRED]

2. Frank warned us decades ago

[Mme. Defarge]

3. Or,

maybe not.

[BigDemVoter]

4. I see a case of "both siderism". . . .

" The dysfunction of democratic institutions, which vomit up con artists such as Donald Trump and hold as alternatives inept, corporate-indentured politicians such as Joe Biden and Nancy Pelosi, is cementing into place a new authoritarianism."

[FreepFryer]

5. Correct. Hedges is paid by Russia Today, a registered agent of the Russian government...

...which has repeatedly been named as a disinformation source by the US intelligence community.