Further Down The Spiral
If you ever get a chance to read the Communist Manifesto by Marx and Engels, then you will see that socialism does not happen over night. In fact, Marx/Engels encourage capitalism to make sure it matures to it's fullest so that conditions in the marketplace can implode, and socialism will become the new synthesis.
I must agree with Andy William's assessment of our current President's policies. He has run the debt up, printed money like no other, and has taken control of businesses and banks. Obamaism is happening differently than Marx and Engel envisioned. Marx and Engels saw a total collapse of society resulting from the ills of capitalism, a revolution of the proletariat, and then socialism (I'm really simplifying this process). Instead of total collapse and chaos, we have a controlled collapse of our financial market. Obama has set a precedent of using tax dollars to take over companies, so if the you know what really hits the fan, he'll have no problem taking over more. Our dollar is worthless which aids in the destruction of our capitalist system.
So what will be the trigger for socialism US style? It won't be any ONE trigger, but a series of triggers. One, the economy will be stressed to the breaking point because of government entitlement programs and other gimmes that are too expensive and too cumbersome. Two, China or Japan will stop buying our debt either because of a foreign policy boneheaded move, or because our new trade war with China will have escalated that point. Third, inflation will increase to the point where normal means of raising interest rates cannot fix the problem without making the overall economy worse - essentially choking off the credit market.
Will it happen fast or will it happen slow? That depends on what happens in the world. It may be a slow process as long as international peace remains or there is (God forbid it ever happening again here) a terrorist attack on US that would in turn send the markets running for the hills again. Either way, the ground work has been laid, and as Rahm Emmanuel says, they'll "not let a good crisis go to waste".
I must agree with Andy William's assessment of our current President's policies. He has run the debt up, printed money like no other, and has taken control of businesses and banks. Obamaism is happening differently than Marx and Engel envisioned. Marx and Engels saw a total collapse of society resulting from the ills of capitalism, a revolution of the proletariat, and then socialism (I'm really simplifying this process). Instead of total collapse and chaos, we have a controlled collapse of our financial market. Obama has set a precedent of using tax dollars to take over companies, so if the you know what really hits the fan, he'll have no problem taking over more. Our dollar is worthless which aids in the destruction of our capitalist system.
So what will be the trigger for socialism US style? It won't be any ONE trigger, but a series of triggers. One, the economy will be stressed to the breaking point because of government entitlement programs and other gimmes that are too expensive and too cumbersome. Two, China or Japan will stop buying our debt either because of a foreign policy boneheaded move, or because our new trade war with China will have escalated that point. Third, inflation will increase to the point where normal means of raising interest rates cannot fix the problem without making the overall economy worse - essentially choking off the credit market.
Will it happen fast or will it happen slow? That depends on what happens in the world. It may be a slow process as long as international peace remains or there is (God forbid it ever happening again here) a terrorist attack on US that would in turn send the markets running for the hills again. Either way, the ground work has been laid, and as Rahm Emmanuel says, they'll "not let a good crisis go to waste".
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