By Doug Casey
As any intelligent observer surveys the world's economic and political landscape, he has to be disturbed – even dismayed and a bit frightened – by the gravity and number of problems that mark the horizon. We're confronted by economic depression, looming financial chaos, serious currency inflation, onerous taxation, crippling regulation, developing police states and, worst of all, the prospect of a major war. It seems almost unbelievable that we are talking of the US – which historically has been the land of the free.
How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players.
So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems.
In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate.