Dmitry Orlov has a new video up which is worth watching in its 1/2 hour entirety. I was intrigued to hear him echo something I wrote about a while back in these very pages, the idea that what the United States is involved in now, toying and tinkering while it verges on collapse, is not in any sense necessary or inevitable (a million electric cars by 2015! Now I see what Obama meant by Change! That's nearly 1/2 of one percent of all cars on the American road!). As a uniquely positioned nation, in terms of latitude, resources and relative remoteness, the USA has always had it within its potential to order its economy and political arrangements so that all basic human needs are met. Orlov, in fact, sounds a great deal like Thoreau when he talks in these terms, especially when he describes the "ambitious" human activities that not only are not necessary but actually detract from a worthwhile and enjoyable life. It is all these "ambitious" and grandiose pursuits, such as a world empire and the globalization of the economy, which have led to the precarious position the USA now finds itself in. The video is on Orlov's cluborlov.blogspot.com website, or here in YouTube format:
The US and many other Advanced Economies are likely heading into a worse
and longer lasting financial crisis than the 2008 crisis, starting as soon
as this...
1 day ago
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