Life/Death Rhythms of Capitalist Regimes – Debt before Dishonour
Part II Democratic Capitalism
Life/Death Rhythms of Capitalist Regimes–Debt before Dishonour explores the cyclical theory of cultural development, with particular attention paid to the introduction of democratic forms of government in the British Empire and the United States republic. The cyclical theory allows a forecast of the fading of the dominance of the United States as an imperial power. PART II details the political rise and fall of the democratic empires of Britain and the United States of America. Similar to cultural survival of the loss of dominance experienced by the British Empire after the Great War, the United States will survive in a new form. Which superpower will take over the reins remains to be seen, but the likely contender is the People’s Republic of China. This conclusion and the timing will allow long-term planning by corporations and governments. In the age of political correctness, it is unlikely that readers will experience any such forecasts by government bodies. Throughout history, societies have used and abused debt, revolted and warred over debt, and have forbidden usury. But the modern financial world as we know it simply cannot exist without usury. Since the 1400s, modern governments have found new ways to expand debt to produce modern economies, which are still subject to the age-old basic principle of debt—that it needs to be repaid or dire consequences ensue. “Those who cannot remember the past are condemned to repeat it.” —George Santayana (1863–1952)
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