Tuesday, February 23, 2010

What will the end game look like?

Ferguson claims that it will take a simple, but dramatic event to shake the belief in the American Empire.

Foreign Affairs: But one day, a seemingly random piece of bad news---perhaps a negative report by a rating agency---will make the headlines during an otherwise quiet news cycle. Suddenly, it will be not just a few policy wonks who worry about the sustainability of U.S. fiscal policy but also the public at large, not to mention investors abroad. It is this shift that is crucial: a complex adaptive system is in big trouble when its component parts lose faith in its viability.

HT:  Business Insider

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