The enduring problem is that the U.S. has retained its overweening ambitions and learned nothing from its failures over the past decades.

So we are bankrupt because of war but if we don’t have wars we will go bankrupt?

Read more: American Economy and the Pentagon Pathology

‘Our democracy is in grave danger. In fact, it may already be fatally wounded as a financial oligopoly increasingly dominates American politics and the economy. What’s most remarkable about this new form of oligarchy is that it has no face. There are no flesh and blood oligarchs, only unnamed investors. The big financial sharks can swim among our 401ks. They can flex their awesome power without getting fingered. They can set the entire direction of government activity without lobbying at all.’

Continue Reading: #Occupy Dystopia: 10 Ways Our Democracy Is Crumbling Around Us