Posted on 06/04/2012 2:51:28 PM PDT by mojito
The United States has been shaped by three far-reaching political revolutions: Thomas Jefferson’s “revolution of 1800,” the Civil War, and the New Deal. Each of these upheavals concluded with lasting institutional and cultural adjustments that set the stage for new phases of political and economic development. Are we on the verge of a new upheaval, a “fourth revolution” that will reshape U.S. politics for decades to come? There are signs to suggest that we are.
[....]
The financial crisis and the long recession, with the strains they have placed upon national income and public budgets, are only the proximate causes of the political crisis now unfolding in the United States. The deeper causes lie in the exhaustion of the post-war system of political economy that took shape in the 1930s and 1940s. One pillar of that system emerged out of the New Deal with its emphasis upon national regulation of the economy, social insurance, expanding personal consumption, and public debt; the second emerged out of World War II with the U.S. dollar as the world’s reserve currency and the U.S. military as the protector of the international trading system. The post-war system created the basis for unprecedented prosperity in the United States and the Western world. That system is now unwinding for several reasons, not least because the American economy can no longer underwrite the debt and public promises that have piled up over the decades. The urgent need to cancel or renegotiate these debts and public promises on short notice will ignite the upheaval referred to here as “the fourth revolution.” There will follow an extended period of conflict in the United States between the two political parties as they compete for support either to maintain the post-war system or to identify a successor to it.
(Excerpt) Read more at newcriterion.com ...
We are experiencing another revolution, but it’s a Communist one. One we may never life through.
ping
Not a Revolution, but a reassertion of the Constitution.
Throw the Traitors and Commie Bastards OUT!
Obama’s destruction of our current system will help us, ironically. Out of the upcoming disaster, hopefully we will learn what we did wrong and take steps to rectify those mistakes. The tree of liberty will be refreshed with the blood of patriots and tyrants no doubt, but the survivors will have an opportunity the create a more perfect union.
Respectfully, it’s probably not the best idea to use a silhouette picture that associates Free Republic with a WWII German Kriegsmarine battleship (or is that the heavy cruiser Prinz Eugen?).
The label said American but I wasn’t sure myself. Unfortunately FR was down and I couldn’t ask any knowledgeable FReepers.
Revolution. Let’s make it global.
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