Two things...
Nov. 3rd, 2004 11:10 am...that could possibly happen in the medium-to-long term, if it's confirmed that Dubya's been re-elected:
1) Hilary Clinton elected as first female president of the US in 2008.
or possibly
2) Continued Republican governments see US deficits increase to such an extent that they eventually undermine the economic basis for US's status as a world superpower, and American influence abroad wanes (this one to take 20 to 40 years).
Discuss...
1) Hilary Clinton elected as first female president of the US in 2008.
or possibly
2) Continued Republican governments see US deficits increase to such an extent that they eventually undermine the economic basis for US's status as a world superpower, and American influence abroad wanes (this one to take 20 to 40 years).
Discuss...
Number One - for how long?
Date: 2004-11-03 08:58 am (UTC)Meanwhile, as the budget spiralled out of control and debt grew, tax revenues plunged. The economy of the homeland, particularly Castille, collapsed due to a number of complex factors, but the tax burden was primarily on Castille, because the king was politically unable to tax the other states such as Aragon, nor would he tax the nobles or the sheep farming corporations (the main industry). As a result the tax burden on the small farmers, merchants and middle class soared, driving more and more into bankruptcy, making the economic situation worse.
Of course the windfall of the loot from South America helped, allowing the Spanish to carry on for far longer than otherwise, but it was also a hindrance in that it caused massive inflation and allowed the government to ignore the problems until they had gone far beyond a solution. The Spanish government pretended the problems didn't exist and carried on regardless.
The result of all this was that the heart was eaten out of the Spanish Empire and 40 years after the Armada it was a mere shell.
The US I think finds itself in a similar situation: widely hated and feared (as the Spanish were), with uncontrollable debt, increasing military activities (including ideological wars), a regressive taxation system by which many of those most able to pay contribute little or nothing, and an arrogant government unwilling to recognise reality or to put in reforms. There is another parallel in the rising obscurantism and anti-humanist thought that is currently afflicting large sections of the US polity. Spain too saw this, to its great detriment.
Soph x