Tuesday, August 21, 2018

Elections and the fate of empires

by ranfuchs (writer), CT, USA, November 06, 2010

Credit: Wikimedia
Senate election 2010

Old thinking, often pre-industrial revolution, still determine the way we run our state and our economy. But can we follow these ideas, or is it time for new ones to replace them?

In the recent elections, voters sent Obama a clear message about their dissatisfaction of the way he handled the economy. Republicans celebrate. But to satisfy voters, Republicans, too, will have to examine, and often let go of, their most fundamental beliefs.

  • It was the belief in minimal government intervention which created the credit crisis that led to the current state of the economy.
  • It is the belief in free markets that moved jobs to cheaper places and increased unemployment. Many of the richest republican supporters, who blame the Obama administration for the job losses, have sent abroad jobs from their own businesses.
  • It is the belief in maximizing profits, above anything else, that shifted profits to low tax countries, and deprived the US government of needed tax.

These ‘old’ ideas have already been proven devastating. But there are more:

If China keeps the value of its currency unchanged, America will not be able to compete with cheap Chinese import. As a result, we pressure China to appreciate its currency. If it does, however, its investment in the US will suffer. This will make any future investment in the US less attractive. It is the Chinese investment in the US that keeps sponsoring our growing deficit.

If US innovation keeps focusing on efficient manufacturing, assembly lines and cheap products, following Adam Smith’s philosophy, the pressure to reduce labor cost will only accelerate. This can only lead to one of three outcomes:

  • shifting more jobs overseas, and thus increasing unemployment
  • importing cheap labor from overseas
  • lowering workers’ compensation.

Any of these options will continue the erosion of the middle class, and will turn the US into a society with a small mega rich class, supported by the poor – a typical a third world country.

No one has a solution. To seek a solution, we must first recognize that long term trends have changed, and short term pain-killers will not provide the cure we need.

It is not about Republicans or Democrats. It’s about old ideas that do not hold any longer. It is about acknowledging that political and economical philosophical should not be a religion, and ideas established during the industrial revolution, may not be valid any more.

All historical empires disappeared; they kept following the same strategies that made them empires, even when these strategies became useless. Will US democracy be flexible to change itself enough, or will we insist on following old ideas, wherever they may take us?

About the Writer

ranfuchs is a writer for BrooWaha. For more information, visit the writer's website.
Want to write articles too? Sign up & become a writer!

8 comments on Elections and the fate of empires

Log In To Vote   Score: 0
By MUGISHO N.THEOPHILE on November 08, 2010 at 01:22 am

Cher, you state that 'Republicans celebrate. But to satisfy voters, Republicans, too, will have to examine, and often let go of, their most fundamental beliefs.' This is what must be done in order to save the country. It is not better to simply criticize, better is to do so and provide the way out. USA is not for the only Democrats, Republicans also must help with constructive ideas.

Old ideas that hold anylonger should not be used. But if they are constructive, I think they can still be applied. I love this article, Cher.

 Report abuse

Log In To Vote   Score: 0
By MUGISHO N.THEOPHILE on November 08, 2010 at 01:25 am

Sorry, I got confused. The comment is addressed to Ranfuchs' article and not to Cher's; error mine.

 Report abuse

Log In To Vote   Score: 0
By ranfuchs on November 08, 2010 at 06:44 am

Thanks for the comment Mugisho, I think it is important that people start thinking of what is important to the future of the country, to the future of their children, and forget party lines, which are quire arbitrary.

After all, why do we find such a high correlation between supporter of abortion and supporters of the war in Iraq? There is no reason other than party policy was traditionally shaped this way. We have to start thinking for ourselves, or the Roman, Turkish and other past super powers will be our path as well

 Report abuse

Log In To Vote   Score: 0
By Lady D on November 08, 2010 at 10:36 am

Yes new thinking is the way and some are ready. But it will mean many giving up control.

We are just beggining to learn much of what we never knew about life and how it works.

 Report abuse

Log In To Vote   Score: 0
By MUGISHO N.THEOPHILE on November 11, 2010 at 07:22 am

Runfuchs, well said. We have to make our own ways as we know what we are seeking. In this way, no one else is able to trace our itinerary. We have to be what we want to be and not what others want us to be. This actually meets Lady D's idea above that new thinking is the way.

 Report abuse

Log In To Vote   Score: 0
By MUGISHO N.THEOPHILE on November 11, 2010 at 07:24 am

Lady D, I marry your opinion. New thinking is fine as this will help to trace the guideline to take for positive change.

 Report abuse

Log In To Vote   Score: 1
By Agit8r on November 13, 2010 at 02:19 am

I must disagree that these are pre-industrial revolution ideas. Our founders raised revenue via TARRIFFS, beleived in corporations serving their chartered purpose, rather than their officers interests, and held numerous other ideals that would be considered "far-left" by AM radio standards. We need to call the right-wingers out for what they are: RADICAL AND UNPATRIOTIC!

 Report abuse

Log In To Vote   Score: 1
By ranfuchs on November 13, 2010 at 06:00 am

Alternatively, we can call the founders radical and unpatriotic

 Report abuse

Add A Comment!

Click here to signup or login.

Rate This Article

Your vote matters to us