It’s very obvious that is circling the drain now, but clearly this didn’t just happen in a vacuum. It must’ve started crumbling at some point… but when?
Some people might say it started after 9/11, others might say it goes back to the Raegan administration. A few might even say it started after losing the Vietnam War, or when they went off the gold standard. Or maybe even earlier…
What do you think?
I see people here mentioning a lot of good, specific points regarding American decline like the events of 2008 and I would just add to that, that events like those are ultimately downstream of capital’s attempts to restore profitability