fuTuRe sHOcK

George Washington Blog — Political insider and veteran reporter Kevin Phillips has documented that every major empire over the past several hundred years has undergone a predictable cycle of collapse, usually within 10 to 20 years of its peak power.

The indications are always the same:
- The financialization of the economy,
moving from manufacturing to speculation;
- Very high levels of debt;
- Extreme economic inequality;
- And costly military overreaching.

Bottom line, the collapse of the American empire appears to be irreversible, even with a new president, because the root causes of the collapse are not being addressed. More

Tags: Collapse, empire, Kevin Phillips, peak