The Crisis in the West Will Steadily Deepen
Western civilization is facing more and more problems. Over the past few decades, there have been many symptoms of a de facto decline of Western powers.
Perhaps most clearly, these crises were reflected in the latest report of the so-called Club of Rome. Its authors believe that today’s “crisis is not cyclical, but intensifying. It is not limited to the nature around us but includes a social, political, cultural, moral crisis, a crisis of democracy, ideologies, and capitalism.”
The Club of Rome believes that in the 1980s there was a degeneration of capitalism in which financial speculation became the main source of profit. This was one of the causes of the 2008-2009 global financial crisis.
Ninety-eight per cent of financial transactions are now speculative in nature. Between twenty-one and thirty-two trillion dollars are stashed in offshore jurisdictions. The West is in a stalemate, and its intellectual helplessness breeds even more confusion and vacillation. Many of the myths that have become commonplace are crumbling. For example, those about white supremacy or American exceptionalism.
At the same time, the collapse of the Soviet Union as a force in opposition to the West has somewhat postponed and even delayed the build-up of the organic contradictions of the capitalist system, yet the very process of increasing problems cannot be stopped.
At present, perhaps the most salient manifestation of the West’s worsening crisis is the situation with the UK. The once mighty empire, ruler of the seas, has recently become, as the US newspapers so aptly put it, a laughing stock: several prime ministers have come and gone in recent years, each one worse than the last.
The current British Prime Minister Rishi Sunak, an Indian, is a natural outcome of historical development as the former British colony has become a maj
Article from LewRockwell