I understand the Revolution was fought so the colonies could run thier own economy and control their own destiny and now here we are.
Indeed, here we are.
We don't control our economy OR our destiny. Why did Americans let this happen ? What lie did Americans buy into and most of all--who TOLD that lie ?
Lots of reasons, actually.
But if I had to decide which of the multiple forces brought us to this, I'd have to say the cold war was the real problem.
AFter WWII, back when America created 25% of the world's industrial wealth, we needed to do two things:
1. Get a lot of nations working again, and
2. Convince a lot of nations to eschew communist advances and play on our side.
One of the carrots we offered nations was free access into our markets.
So we cgave the tariff free importations rights to sell into our market.
Japan and Europe were the first two and most obvious examples of that. But then we started adding the Asian countries, too.
And ever time we did that, we stressed our American idustries.
So American industrialists, quite naturally responded by investing in foreign nations.
Loe and behold what did they find?
That they make MORE PROFIT manufacturing offshore, shipping it into America and selling here.
The floodgates of FREE TRADERISM were wide open. GATT and NAFTA would not have happened without the American monied class getting behind it.
Throw in the fact that the Soviet Empire crumbled, and that same master class no longer really felt like they needed a nation of free men to keep the Communists from taking over and shooting them all.
The social cohesion of the classes in American was torn asunder.
But we were SO RICH, that the problems of offshoring didn't effect enough of us ,at first, for it to really seem like a problem.
And as that problem manifested, Americans responded.
First we sent our women to work, thus keeping most American families afloat.
Then the credit industry took over. First they got the laws that most states had which prevented large interest ratesfrom being charged, so that they could pump up the consumer credit card industry to thrive, then the cost of money was kept artificially low so people could borrow.
When it reached the stage that people were remortgaging their homes to pya their CC bills, the problem was unsoluable.
That's when the CC industry changed the bankruptsy laws, too.
Now the shit hit the fan, and we discover that not only are people wildly in debt, but they cannot find jobs to pay off those debts either.
The government is broke because people do not make enough money to pay enough taxes to keep it solvent.
but hey the rich are richer than ever, and they really don't ahve to care if America crashes and burns.
AFter all, there's no commies in the wings ready to kill them if America falls, now are there?
So both American and the Soviet union really lost the cold war, folks.
The Soviets died first, but both died from the extensive ECONOMIC WOUNDS they inflicted on themselves while fighting their half century battle for dominance.