16 August, 2010

What happens when the UK out-democracies The Democracy?

Radical Britain: The unlikely revolutionary | The Economist

This article by The Economist presents a vivid contrast of a British government led by a dual-party coalition to that of a unilaterally controlled American government largely incapacitated by fringe activists. My intention is not be political in presenting this article but to underline the economic disparity the United States faces by ignoring realities.

Its true that Washington's inaction on fiscal reform and containing raging deficits is less ignorance and more political. But the fact that such drastic austerity measures could be implemented so quickly by a truly democratic government, one run by political parties in unison rather than by wing-nuts bent on delegitimizing opposition parties instead of governing, is telling of a future where political in-fighting will give way to a second-rate economy. One where government debt and an over-fed consumer result in a country that is unable to produce.

Maybe in 2015 when Britain finally runs a surplus and begins growing America will by then have caught on to where it's gone wrong. But where's the pain in agreeing that the US economy is NOT going to grow in the foreseeable future, that additional stimulus WON'T force more iPods and TVs down consumer's throats, and that it's time to stop the state of denial that the US doesn't need to stop fighting wars and stimulating "financial innovation" to survive?

It's hard for lumbering empires to admit they need to slow down and give up some territory, maybe impossible. That's why they have a habit of collapsing.

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