Silly, but entertaining, like many silly things. Thank you for an interesting and thoughtful post. I must admit, I'm coming at it from a loosely inductive point of view (for want of a better term) rather than an economic one...Every empire the world has seen so far has collapsed or at least dwindled (and that's subject to the usual reservations about inductive logic!).
Mind you, at least Italy, that concocted nation, hasn't done too badly since the fall of Rome, when one considers the Italian standard of living. But now I'm being flippant.
With the US, I tend to take the view that at some point, oil will run out and that will affect the place pretty badly unless something is developed to replace it. This may inded happen. Globally, however, it's likely to be the environment rather than anything economic that does for any nation one cares to name.
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timeasmymeasure
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Date: 2006-07-19 12:52 pm (UTC)Mind you, at least Italy, that concocted nation, hasn't done too badly since the fall of Rome, when one considers the Italian standard of living. But now I'm being flippant.
With the US, I tend to take the view that at some point, oil will run out and that will affect the place pretty badly unless something is developed to replace it. This may inded happen. Globally, however, it's likely to be the environment rather than anything economic that does for any nation one cares to name.