3 Comments
User's avatar
⭠ Return to thread
Leo's avatar

Re: "...it all goes away"... And then what?

Expand full comment
daverkb's avatar

After the Soviet Union collapsed in the fourth quarter of 1991, there followed a ten year period of chaotic circumstances (too little money, income, food shortages and so on ... and a good bit of lawlessness including organized crime). After around 2001, things started to normalize ... and in this Putin played a huge part. Russian society in many ways reminds me more of the rule of the Tsars ... autocratic, Christian Russian Orthodox Church the basis of morality, freedom in personal life ... much more normal. I've heard people who immigrated from the West into Russia say that Russia reminds them more of how the United States was in the 1950's. And I am guessing that this is about right. Food supplies are plentiful, energy is cheap, the government is very, very low debt and very stabile as is the Ruble. Russians are not going to go hungry or freeze in the winter. Americans might unless there is an economic, political and financial miracle.

In the United States, it is up in the air right now. There are indications of a roll back going on ever since Musk bought Twitter now X. For example, in today's C &C you read of more corporate roll backs in DEI ... and this kind of cultural roll back is now trending. Some of the Fake Media even seem to be in early stage reversal mode. Wall Street has and is turning its back on the Dems. The Big Money is worried.

A lot is hanging on the election. If the radicals assume power again, we may end up with a Bolshevik style revolution being pushed to conclusion ... and a horror show. But maybe not, maybe something like what happen to the GDR in the time of the fall of the Berlin Wall. If Trump/Vance get in ... maybe some serious reforms. And I cannot begin to predict what that will look like, or what will happen because the US is caught in a Debt Trap ... and that means that whole financial system has to be done over. That is, even with Trump/Vance things are very, very shaky. And the question is really, can the US government pay its debts, and how ... and who will want to hold USD denominated government debt?

What is for sure is that America is not going back to 1776 and a constitutional law order based in Christian Law assumptions as were practiced largely in Common Law. Nobody even know what that means anymore.

Expand full comment
Leo's avatar

Agree - big unknowns, many possibilities, even surprises...

Expand full comment