I dunno, Cam. I might buy his doomsday prediction because it's backed by numbers... but this is a bunch of malarkey.
Found a comment on your link that pretty much sums up how I feel:Our key economic failings are in education, health care and retirements — three sectors dominated by political rather than economic action: the K-12 monopoly model of education, Social Security and other retirement entitlements and a hodge-podge of medical programs which meant that even before the enactment of ObamaCare about half of all health-care spending was government spending, a fact that Republicans foolishly ignored when they protested that we had “the best health-care system in the world.” (Note to Republicans: We have great medicine and medical technology; we have a terrible system of paying for health care, and it was terrible before ObamaCare, too.)
Maybe the awesomeness will happen when we wake up and realize WE are the govt, not politicians, and vote the whole bunch out.Ritchie The Riveter
They can only do it because too many of us have sat back and let them do it ... being led to believe that only from THEIR ranks can the Great Leaders come to solve our problems FOR us.
Millions of us have been fooling ourselves, for decades, that we CAN'T get ahead by our own initiative, so we outsource that effort to these elites ... and make ourselves highly vulnerable, with little or no ability to work around the consequences of their efforts ... as we go swill our $tarbuck$ and chase that new iThingy and expect our elites in business, academia, and especially government to secure our future - FOR us.
You may be right ... it may take total collapse to finally resolve this problem ... but the problem is as much in our own minds, as it is in the minds of the oligarchs and the politicians.
I've got my fingers crossed!!