The Greek economic system is collapsing, and it may very well take the Euro with it.
The number of people on the public dole finally exceeded the social system’s ability to pay.
I’m here in Europe watching the Euro about to crash. Capitalism is not suffering from what its opponents would like us to think–that is capitalism as its own enemy. It’s being chipped away at, being morphed into socialism. We’re becoming the slaves of the government, not its masters. And we did it to ourselves. We put pretty people in power–because we love pretty people.
But I do have more faith in the American people than most. There are many who voted for Obama who would like America to collapse, despite themselves.
The author of the article makes the excellent point about fertility rates. It’s amazing here in Germany how many women I see walking around who apparently have no children. I actually suspect that if we looked at fertility rates of past empires, we would see that the rates declined as the empire neared its end. Fortunately, America’s fertility rate is quite strong, much better than the Europeans.