Intellectual Dull

The other thing, even worse, is that the fiasco in Iraq shows the impotence of the U.S. military to quickly win a colonial war against a country of only 25 million inhabitants destroyed by a succession of wars (the Iran-Iraq war, the the first Gulf War, the long decade of Anglo-American bombing). Failure of the intelligence apparatus of super-charged and refinement of dollars but unable to process information effectively, dull intellectual consequence of human resources from a decadent society. Poor morale to fight the regular troops and mercenaries (the famous "Contract") which wasted arms and slaughtering defenseless civilian population. Technological bravado accompanied by a logistics unreasonable, paralyzing, a result of the lack of significant local support. Repeats itself as the story of the decline of empires and civilizations of the past. Another factor in the crisis is the accumulation of explosive imbalances. The deficit of foreign trade has been growing for over a decade, but now I get to unsustainable levels (more than 500 billion in 2003, which will certainly be surpassed this year) due to an industrial fabric each day less competitive and corroded by the financial dynamics. The fiscal deficit this year exceeded 400 billion dollars, hit by increased military spending and tax cuts for the rich. The result is a debt that exceeds 7.4 billion dollars, equivalent to 67% of GDP, about 25 thousand dollars a head. In the past 12 months the pace of increase daily is the order of 1700 million dollars.

Crisis Engines

The United States emerged from recession in late 2001 inflicting a second financial bubble, whose base this time was not speculation bursátil, but the real estate business. There was a further concentration of income boosted by tax cuts for the rich, by military spending and other transfers of public resources for economic clique linked to the government, among these the oil multinationals who orchestrated the invasion of Iraq. The takeover expanded the old imbalances, has generated new and rehabilitated others who slept during the Clinton era. The result was an avalanche of problems that go beyond the ability to control the system, pushing it to the crisis. The negative indicator is the most visible failure of the invasion of Iraq, which has a dual aspect. On one side is a blow to the U.S. strategy for control of oil resources worldwide, the Iraqi adventure and occupation of Afghanistan have been designed by the Bush team as initial deployments that would be followed by the invasion of Iran and the colonization of the former Soviet republics in Asia Central, pressing Russia and China to submit them completely. The scheme became a swamp and the possible withdrawal (defeat) of the invaders of Iraq probably trigger an escalation of anti-American movements from the Middle East, passing through Pakistan and coming to the Philippines and Indonesia. The Islamic people (more than 1300 million people) will be the basis of human transformation.

The US in the center of the crisis

At the end of the last decade the U.S. economy used to be presented by the media as the mega engine of global growth, the paradigm of capitalism triumphant where, according to the neoliberal gurus, was expanding so vertiginous a New Economy based on high technology and the trigger is a virtuous circle of progress indefinitely. Explained to us that technological innovations generate income to encourage more innovation, which in turn expanded the wealth and so on. All that expressed itself in an unprecedented euphoria bursátil (anyone remember what occurred in 1929). Clinton occupied the White House and radiated sympathy, the Lewinsky case added a note of joy to the celebration of additional markets. However, some facts dissonant disturbed the harmony. First, the contrast between the peak and consumer virtual disappearance of personal savings. The citizens of the empire spent all their income and contract debts because, so directly or through investment funds or pension, earned a lot of money speculating in the stock market. Companies, especially the so-called technological saw as day after day recognize it is their actions - which allowed them to (on) and investing (on) run into debt. All this made up the quotations in the bag without much connection with the real profitability of firms. The desinchou bubble in 2000, Clinton handed his post to Bush and installed to recession. Moreover, the September 11, 2001 has marked the launch of a militaristic era. Not missing observers, especially the progressive camp, to mark the antagonism between an arbitrary and imperial Bush and Clinton a multilateral, negotiator, attached the set of institutions. However, Clinton drove a phenomenal concentration of incomes, triggered the war in the heart of Europe (Yugoslavia) and intensified the blockade and bombardment against Iraq who prepared the invasion later. All his economic linkage was based on financial hypertrophy, accelerating the rise of mafias that now govern discovery of guy. In fact, the fascism of Bush emphasized, their imperialist delusions, the corruption that surrounds and inherits exacerbates trends during the 90s. The parasite mutation of the American capitalism and its social consequences, political and military gestada was for a long time, with the complicity of Democrats and Republicans, sinks its roots in financialisation of global capitalism.