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A U.S. ECONOMIC COLLAPSE WOULD BE DISASTROUS
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- ECONOMIC GROWTH IS ESSENTIAL FOR DEMOCRCY AND SURVIVAL
A U.S. ECONOMIC COLLAPSE WOULD BE DISASTROUS1. A SLUMPING ECONOMY MEANS THE U.S. CANNOT PREVENT WARS FROM GOING NUCLEAR Rolf A. F. Witzsche, Economic and Political Researcher and Analyst, January 2002. “Why is the World-Financial and Economic System Crashing?,” Accessed 12-13-2008, The bottom line is, that we face the potentially brightest future we ever imagined with virtually infinite resources at our hands, or a new dark age that no person living today will see the end of it. We are at the cross roads at this stage. At this critical junctures we face the potential also for huge wars as the masters of the present system aim to draw attention away from the impending systemic collapse, as if this would solve anything. Nevertheless, the potential for these huge wars is very real, and so is the potential for these wars to become nuclear wars. The irony is, that the USA is insanely pushing for a world engulfing war that it lacks the economic resources to win (estimated at a cost of two to 3 billion dollars a day) in times of the country's worst economic crisis. 2. A COLLAPSE OF THE U.S. ECONOMY LEADS TO RUSSIA/CHINA AGGRESSION AGAINST THE U.S. J.R. Nyquist, Former Contractor in Soviet/Russian Analysis Group for U.S. Defense Intelligence Agency and Former Ph.D. Student at UC-Irvine in Political Sociology, September 19, 2008. “Financial Collapse and Destructive War,” FINANCIAL SENSE, Accessed 12-13-2008, If the United States went bankrupt the following sequence would occur: The U.S. government would lose its credibility, the country’s currency would fail and imports could not be maintained – especially oil imports. There would be shortages. But the sequence doesn’t end with shortages. It doesn’t end with mere economic loss. When the financial structure collapses, the national security structure collapses. Then nothing will restrain the military power of Russia and China. A few days ago Russia’s representative to NATO, Dimitry Rogozin, made a striking statement. He warned that the Europeans risk war if Georgia joins the alliance. “We will terminate all contact with NATO because we cannot cooperate with an organization which supports an aggressor against us. 3. RUSSIA IS WAITING IN THE WINGS FOR AN U.S. ECONOMIC COLLAPSE, CAUSING WAR J.R. Nyquist, Former Contractor in Soviet/Russian Analysis Group for U.S. Defense Intelligence Agency and Former Ph.D. Student at UC-Irvine in Political Sociology, September 19, 2008. “Financial Collapse and Destructive War,” FINANCIAL SENSE, Accessed 12-13-2008, The killer has an impulse to kill, the tyrant to tyrannize and the warmonger to make war. Vladimir Putin has referred to himself as a “Soviet person.” He has publicly decried the fall of the Soviet Union. He has overseen the return of Soviet symbols to the Russian military, the rebuilding and modernization of key elements of the old Soviet war machine. Whether he is a true tsar or the public face of a secret ruling group, the spirit of Lenin bleeds through his cold Napoleonic façade. America’s financial collapse threatens to uncork the totalitarian genie from its bottle. I believe it is too late to stop the worst from happening. The sequence has begun. The Kremlin knew that a financial crash was about to take place. They’ve been waiting on it. They are prepared to exploit it. And the Americans are completely oblivious. They are utterly unprepared. 4. STRONG ECONOMIC GROWTH IS ESSENTIAL TO FIGHTING POVERTY AND STARVATION Bjorn Lomborg, Professor of Statistics, University of Aarhuus, 2001. THE SKEPTICAL ENVIRONMENTALIST, p. 101. Nevertheless there is a moral problem in that the growth rate in the world's agricultural production is diminishing while there are still people starving. This, however, is caused not by a fundamental problem of production but rather by the fact that these people do not have the money to demand more food. In the FAQ's words: "It is now well recognized that failure to alleviate poverty is the main reason why undernutrition persists." Therefore, as discussed in the last chapter, the road ahead for the starving in the poorest countries is larger economic growth such that these individuals will also be allowed a decent existence. ECONOMIC GROWTH IS ESSENTIAL FOR DEMOCRCY AND SURVIVAL1. ONLY ECONOMIC GROWTH CAN PROTECT FROM WAR, PLAGUES, ASTEROIDS, AND AN ICE AGE George Reisman, Pepperdine University Professor Emeritus of Economics, February 19, 2008. “A Word To Environmentalists,” Accessed 12-14-2008, The answer to the question of how best to cope with intolerable global warming caused by Nature is obviously the maintenance of the free market, not its replacement by Socialist central planning. Indeed, the answer is to make the free market freer than it now is—as much freer as is humanly possible. This is because while the primary reason for advocating a free market is the greater prosperity and enjoyment it brings to everyone in the course of his normal, everyday life, a major, secondary reason is to have the greatest possible industrial base available for coping with catastrophic events, whether those events be war, plague, meteors from outer space, intolerable global warming, or a new ice age.
Gregg Easterbrook, Visiting Fellow at the Brookings Institution, November 27, 2005. “The Capitalist Manifesto,” Review of The Moral Consequences of Economic Growth by Benjamin M. Friedman, THE NEW YORK TIMES, p. A16. Friedman argues that economic growth is essential to ''greater opportunity, tolerance of diversity, social mobility, commitment to fairness and dedication to democracy.'' During times of expansion, he writes, nations tend to liberalize -- increasing rights, reducing restrictions, expanding benefits for the needy. During times of stagnation, they veer toward authoritarianism. Economic growth not only raises living standards and makes liberal social policies possible, it causes people to be optimistic about the future, which improves human happiness. ''It is simply not true that moral considerations argue wholly against economic growth,'' Friedman contends. Instead, moral considerations argue that large-scale growth must continue at least for several generations, both in the West and the developing world. 3. ECONOMIC GROWTH IS A PRE-REQUISITE FROM DEMOCRATIC GOVERNANCE Bruce Ledewitz, Professor of Law at the Duquesne University School of Law, Winter 2003. “Reviewed Essay: The Promise of Democracy: The Future of Freedom: Illiberal Democracy at Home and Abroad”, Fareed Zakaria, CAPITAL UNIVERSITY LAW REVIEW, 32 Cap. U.L. Rev. 407, p. np. One of Zakaria's most fundamental commitments is to capitalism at home and abroad. Of course, implementing capitalism abroad is the core message of the entire book: "Economic reforms must come first, for they are fundamental." Capitalism must be introduced and take root before any political reforms, such as elections, will lead to stable, liberal democracy. At home, Zakaria believes that the regulation of capitalism overreached and that capitalism has been properly freed somewhat since the 1970s. 4. DEPRESSION LEADS TO FAMINE, REGIONAL CONFLICTS AND MASSIVE NUCLEAR PROLIFERATION Bernardo V. Lopez, Staff Writer, September 10, 1998. “Catastrophic (Private Sector views),” BUSINESS WORLD, Accessed 12-17-2008 via Lexis Nexis. Certainly, global recession will spawn wars of all kinds. Ethnic wars can easily escalate in the grapple for dwindling food stocks as in India-Pakistan-Afghanistan, Yugoslavia, Ethiopia-Eritrea, Indonesia. Regional conflicts in key flashpoints can easily erupt such as in the Middle East, Korea, and Taiwan. In the Philippines, as in some Latin American countries, splintered insurgency forces may take advantage of the economic drought to regroup and reemerge in the countryside. Unemployment worldwide will be in the billions. Famine can be triggered in key Third World nations with India, North Korea, Ethiopia and other African countries as first candidates. Food riots and the breakdown of law and order are possibilities. Unemployment in the US will be the hardest to cope with since it may have very little capability for subsistence economy and its agrarian base is automated and controlled by a few. The riots and looting of stores in New York City in the late '70s because of a state-wide brownout hint of the type of anarchy in the cities. Such looting in this most affluent nation is not impossible. The weapons industry may also grow rapidly because of the ensuing wars. Arms escalation will have Primacy over food production if wars escalate. The US will depend increasingly on weapons exports to nurse its economy back to health. This will further induce wars and conflicts which will aggravate US recession rather than solve it. The US may depend more and more on the use of force and its superiority to get its ways internationally. Download 343.42 Kb. Share with your friends:
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