Sad
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

The end of western democracies ?

So as the US stock market starts to weaken, is this the end for the strong dollar ?
With the end of free trade world wide is that the end of world economic growth ?
With the end of strategic alliance across the Atlantic is that the end of world peace ?
With the birth of a new great depression is that the start of runaway global warming ?

These things are structural changes in the world order that will haunt us forever unless soultions can be found and I see nothing in the current situaiton to give us hope of a brighter future - the attitude of the world has to change before thing can get better. The attitude of the world is not changing, positions are just becoming more entrenched and hostility is rising. How can we the people stop this ?

In a world dominated by democracies - how are we letting dicatatorship rise and triumph again ?
In a world of shrinking resource and overcrowding of habitable lands, how can democracies based upon continued economic and personnal wealth growth even survive ?
This looks like its very much the end - sad to say - and we let it happen on our watch.

Sorry to sound pessimistic but "united we stand, divided we fall."
This page is a permanent link to the reply below and its nested replies. See all post replies »
It’s not been 24 hrs and trump admin is reporting 4 countries already on the phone wanting to drop tariffs all together..

🍿
Captain · 61-69, M
@TheOneyouwerewarnedabout And im going to say it again. Adam Smith and the wealth of nations. The US collapsed in 1928 because it became so rich making everyone else so poor during the 1920s that no one could buy US exports any more, and thats what his tariffs will achieve. Europe will have to turn to trading with the BRICs because it cant trade with the US. US stocks will start to fall, I think thats now confirmed, and the US high p/e high growth model will crumble, andwhere will that leave the worlds democracies ??
This comment is hidden. Show Comment
Captain · 61-69, M
@TheOneyouwerewarnedabout Its about the cost of everything and the value of nothing. I can tell you come form an accountancy background. Americas economic strength has been because of its high p/e ratios feeding into high research and development. The tariffs will kill the revenue of the big corporates and the p/e ratios will come down - already happening and countries will go elsewhere for their tech and their hardware - its already happening - and Trump's traiffs will make it worse. Countires that take and don't give like France never succeed. Adam Smith the weath of Nations - and don't forget - when the US turns its back on the world, we always get a world war, and that's not good for anyone.
Lila15 · 22-25, F
@TheOneyouwerewarnedabout Blanket tariffs are bad, but on again, off again tariffs are worse. No company is going to make a long term investment if they don’t k ow what policies will be in place next week.
Captain · 61-69, M
@Lila15 Well said, comopanies need stability. Im so glad (sacrasm alert) that DJT is in charge and we weill have a clear and consistent plan with no u turns for the length of his Presidency (tee hee).