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Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
After America: Get Ready for Armageddon is a non-fiction book authored by socio-political commentator Mark Steyn, being published in 2011 by Regnery.In the work, he asserts that the United States has placed itself onto a trajectory towards decline and eventual collapse due to different trends in its history, a path that he states has been set out previously by other nations of the Western world.
“The U.S. has not had a problem since 2008, 2009 — that's the longest in American history,” he stated. “America, and therefore the world, is long overdue for a problem.”
“Yeah, sure, why not?” he replied. Trump then dove into a bit of American economic history, recounting how tariffs once funded the federal government before being replaced by income taxes.
The fall was led by fears over the SVB collapse and the risks in Japan's regional banking sector, partly because of exposure to US interest rate hikes. [127] The cost to insure against default on Deutsche Bank debt rose substantially on Friday, 24 March, with the 5-year CDS for the bank's debt rising 70%. [128]
Collapse: How Societies Choose to Fail or Succeed (titled Collapse: How Societies Choose to Fail or Survive for the British edition) is a 2005 book by academic and popular science author Jared Diamond, in which the author first defines collapse: "a drastic decrease in human population size and/or political/economic/social complexity, over a considerable area, for an extended time."
Bowling Alone: The Collapse and Revival of American Community is a 2000 nonfiction book by Robert D. Putnam. It was developed from his 1995 essay entitled "Bowling Alone: America's Declining Social Capital". Putnam surveys the decline of social capital in the United States since 1950. He has described the reduction in all the forms of in-person ...