The five forces threathening the future of western publics : 1. refusal to accept a multipolar world; 2. the consequences of unsustainable debt on interest payments, inflation, taxes and austerity; 3. hyper financiation or the reinvestment of the global south's profits into western assets, inflating their value and leaving the rich richer and the poor only with debt ie inequality as source of unrest; 4. the domination of western governments by corporate interests at the expense of the people; 5. democracy is bypassed as the elites kettle rhe people and condition the democratic process to their own ends, rather than respond to national needs for peace and prosperity.
It is a very good video, up until the end. It is the shocking truth. And Nader's remedy is? ... write a letter to your MP....perhaps I misheard.
Means, in effect, there's nothing we can do, f'ed everywhere you turn! The establishment itself is facing too many problems and so how can the people avoid being collateral damage to the elite's greed and fear?
1. MULITIPOLAR. Loss of hegemony and war everywhere you look - how to accept a mulipolar world & diffuse centres of power?
2. DEBT. Debt & now Trump adds more - how to pay the interest, how to roll over the short end or sell long term bonds, how to have bond markets accept coupons below inflation ( this is the only real way to pay down the debt), how to live within our means w/out tax hikes or austerity, how to avoid bloodbaths of civic non-acceptance of further solutions that continue to privilege the top few percent.?
3. HYPER-FINANCIALISATION. How to de-financialise... To explain...the US persuades the rest of the world from the 50s and 60s onwards to use the dollar for trade purposes, meaning that by the 1974 trade agreement with Saudi, to buy oil you need to first buy dollars. This created an unnatural demand for the dollar, pushing up its value, pushing down the competitiveness of US exports, obliging the US to export its manufacturing jobs to low cost countries eg China, and the condition was that the profits are reinvested in the US.
The established elites will never willingly accept this, never! How to balance trade (the balance of payments deficit is the profit of the other end of the global supply chain, that they have up to now "lent" to the US for the safe and good returns, but the heightened demand for assets they invest in just inflates their value (hence the S&P at historic multiples of earnings) and who owns these assets...the elite...they see, their assets continue to increase in value while most people have only debt ?
4. AIPAC The jewish / zionist / corporate lobby has its boot on the West's throat, how to free up our resources and energies for our own use?
5. DEMOCRACY. And finally, how can the people get the leadership the country as a whole needs?
The answers to these questions will not come from a better public relations strategy or a new centrist manifesto (that is binned anyway as soon as the section of the elite gets into power). They require rethinking everything: our economic logic, our global position, our idea of leadership, and our relationship with power itself.
The West is not dying, but it is being reborn under pressure - the only real-world question is whether that rebirth will come through democratic renewal or systemic collapse.
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