When do you suppose the citizens of imperial Rome first realized that their way of life had tipped into inexorable decline?Make sure to read Bill Frezza's whole piece at RealClearMarkets. It looks like he's starting to see the Endarkenment coming, too.
A few foresaw the impact of Caesar's usurpation of the rule of law, marking his ascension as the beginning of the end. . . .The plebeian masses, accustomed to bread and circuses, were probably oblivious until Rome was finally sacked. Everything was fine yesterday, how did these barbarians arrive at our gates?[. . .]
The other day while out to dinner with a number of tech investors and entrepreneurs the conversation turned to a disturbing subject. "What is your back-up country?" These people weren't kidding. Property was being purchased. Contingency plans were being made.
What will it take to make most people realize that the grand American experiment is tottering on the brink? The destruction of their life savings? The nationalization of vast industries? The high seas teaming with pirates? A humiliating military defeat at the hands of primitives in a far off land?
While I've given some thought to contingency plans, I think it's likely that if America falls down it will be uglier than we can imagine, and it will drag the rest of the world down with it for a long, long time.
[HT: Doug Reich]