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US is trapped in a death spiral: Koon Yew Yin

Koon Yew Yin
Publish date: Wed, 08 Jun 2022, 05:29 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

This long article is written by Chris Hedges who is a Pulitzer-prize winning journalist, best-selling author & activist. All especially politicians should read it.  

The United States, as the near unanimous vote to provide nearly $40 billion in aid to Ukraine illustrates, is trapped in the death spiral of unchecked militarism. No high speed trains. No universal health care. No viable Covid relief program. No respite from 8.3 percent inflation. No infrastructure programs to repair decaying roads and bridges, which require $41.8 billion to fix the 43,586 structurally deficient bridges, on average 68 years old. No forgiveness of $1.7 trillion in student debt. No addressing income inequality. No program to feed the 17 million children who go to bed each night hungry. No rational gun control or curbing of the epidemic of nihilistic violence and mass shootings. No help for the 100,000 Americans who die each year of drug overdoses. No minimum wage of $15 an hour to counter 44 years of wage stagnation. No respite from gas prices that are projected to hit $6 a gallon.

The permanent war economy, implanted since the end of World War II, has destroyed the private economy, bankrupted the nation, and squandered trillions of dollars of taxpayer money. The monopolization of capital by the military has driven the US debt to $30 trillion, $ 6 trillion more than the US GDP of $ 24 trillion. Servicing this debt costs $300 billion a year. We spent more on the military, $ 813 billion for fiscal year 2023, than the next nine countries, including China and Russia, combined.

We are paying a heavy social, political, and economic cost for our militarism. Washington watches passively as the U.S. rots, morally, politically, economically, and physically, while China, Russia, Saudi Arabia, India, and other countries extract themselves from the tyranny of the U.S. dollar and the international Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network banks and other financial institutions use to send and receive information, such as money transfer instructions. Once the U.S. dollar is no longer the world’s reserve currency, once there is an alternative to SWIFT, it will precipitate an internal economic collapse. It will force the immediate contraction of the U.S. empire shuttering most of its nearly 800 overseas military installations. It will signal the death of Pax Americana.

Democrat or Republican. It does not matter. War is the raison d’état of the state. Extravagant military expenditures are justified in the name of “national security.” The nearly $40 billion allocated for Ukraine, most of it going into the hands of weapons manufacturers such as Raytheon Technologies, General Dynamics, Northrop Grumman, BAE Systems, Lockheed Martin, and Boeing, is only the beginning. Military strategists, who say the war will be long and protracted, are talking about infusions of $4 or $5 billion in military aid a month to Ukraine. We face existential threats. But these do not count. The proposed budget for the Centers for Disease Control and Prevention (CDC) in fiscal year 2023 is $10.675 billion. The proposed budget for the Environmental Protection Agency (EPA) is $11.881 billion. Ukraine alone gets more than double that amount. Pandemics and the climate emergency are afterthoughts. War is all that matters. This is a recipe for collective suicide.

There were three restraints to the avarice and bloodlust of the permanent war economy that no longer exist. The first was the old liberal wing of the Democratic Party, led by politicians such as Senator George McGovern, Senator Eugene McCarthy, and Senator J. William Fulbright, who wrote The Pentagon Propaganda Machine. The self-identified progressives, a pitiful minority, in Congress today, from Barbara Lee, who was the single vote in the House and the Senate opposing a broad, open-ended authorization allowing the president to wage war in Afghanistan or anywhere else, to Ilhan Omar now dutifully line up to fund the latest proxy war. The second restraint was an independent media and academia, including journalists such as I.F Stone and Neil Sheehan along with scholars such as Seymour Melman, author of The Permanent War Economy and Pentagon Capitalism: The Political Economy of War. Third, and perhaps most important, was an organized anti-war movement, led by religious leaders such as Dorothy Day, Martin Luther King Jr. and Phil and Dan Berrigan as well as groups such as Students for a Democratic Society (SDS). They understood that unchecked militarism was a fatal disease.

None of these opposition forces, which did not reverse the permanent war economy but curbed its excesses, now exist. The two ruling parties have been bought by corporations, especially military contractors. The press is anaemic and obsequious to the war industry. Propagandists for permanent war, largely from right-wing think tanks lavishly funded by the war industry, along with former military and intelligence officials, are exclusively quoted or interviewed as military experts. NBC’s “Meet the Press” aired a segment May 13 where officials from Center for a New American Security (CNAS) simulated what a war with China over Taiwan might look like. The co-founder of CNAS, Michèle Flournoy, who appeared in the “Meet the Press” war games segment and was considered by Biden to run the Pentagon, wrote in 2020 in Foreign Affairs that the U.S. needs to develop “the capability to credibly threaten to sink all of China’s military vessels, submarines and merchant ships in the South China Sea within 72 hours.”

The handful of anti-militarists and critics of empire from the left, such as Noam Chomsky, and the right, such as Ron Paul, have been declared persona non grata by a compliant media. The liberal class has retreated into boutique activism where issues of class, capitalism and militarism are jettisoned for “cancel culture,” multiculturalism and identity politics. Liberals are cheerleading the war in Ukraine. At least the inception of the war with Iraq saw them join significant street protests. Ukraine is embraced as the latest crusade for freedom and democracy against the new Hitler. There is little hope, I fear, of rolling back or restraining the disasters being orchestrated on a national and global level. The neoconservatives and liberal interventionists chant in unison for war. Biden has appointed these war mongers, whose attitude to nuclear war is terrifyingly cavalier, to run the Pentagon, the National Security Council, and the State Department.

Since all we do is war, all proposed solutions are military. This military adventurism accelerates the decline, as the defeat in Vietnam and the squandering of $8 trillion in the futile wars in the Middle East illustrate. War and sanctions, it is believed, will cripple Russia, rich in gas and natural resources. War, or the threat of war, will curb the growing economic and military clout of China.

These are demented and dangerous fantasies, perpetrated by a ruling class that has severed itself from reality. No longer able to salvage their own society and economy, they seek to destroy those of their global competitors, especially Russia and China. Once the militarists cripple Russia, the plan goes, they will focus military aggression on the Indo-Pacific, dominating what Hillary Clinton as secretary of state, referring to the Pacific, called “the American Sea.”

Washington is desperately trying to build military and economic alliances to ward off a rising China, whose economy is expected by 2028 to overtake that of the United States, according to the UK’s Centre for Economics and Business Research (CEBR). The White House has said Biden’s current visit to Asia is about sending a “powerful message” to Beijing and others about what the world could look like if democracies “stand together to shape the rules of the road.” The Biden administration has invited South Korea and Japan to attend the NATO summit in Madrid.

But fewer and fewer nations, even among European allies, are willing to be dominated by the United States. Washington’s veneer of democracy and supposed respect for human rights and civil liberties is so badly tarnished as to be irrecoverable. Its economic decline, with China’s manufacturing 70 percent higher than that of the U.S., is irreversible. War is a desperate Hail Mary, one employed by dying empires throughout history with catastrophic consequences. “It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable,” Thucydides noted in the History of the Peloponnesian War.

Chris Hedges

04 June 2022

Discussions
Be the first to like this. Showing 50 of 96 comments

qqq3333

Quailo trying to dictate to Chinese what the Chinese should think, feel , like and don't like? Not going to work in present day China

2 months ago

qqq3333

What the Chinese know and can feel is..

.things work in China and have a good future..


Things are falling apart in America

2 months ago

Cupcakes69

qqq3333

"Quailo trying to dictate to Chinese what the Chinese should think, feel , like and don't like?"

Lol, the only people trying to dictate the chinese is the CCP. They cencor this, censor that; read your text messages; ban books; even wrote in the constitution that chinese news media cannot talk against the CCP.

2 months ago

Cupcakes69

qqq3333

So many chinese dead during the great leap forward and cultural revolution. The fact you praised that means you don't care about chinese, but only care about the CCP.

2 months ago

ahbah

My hard earn moni is also trapped in a red mkt spin. Next wk. the spin is likely to be faster n the mkt fire bigger. How to get out n preserve whatever balance of my hard earn moni ?

2 months ago

qqq3333

Cupcake...there are 1.4 billion Chinese in China....and I believe the vast majority are very patriotic and they care

2 months ago

qqq3333

The 1.4 billion are doing much better than the 30 million in malaysia

2 months ago

qqq3333

Yeah...China media doing a great job in making China an informed, educated and United country....they are well aware of the world

2 months ago

qqq3333

Surely more happiness more progress and more prosperity in China than America

2 months ago

qqq3333

China rapidly rising America slowly sinking,....which is a better model for Malaysia?

2 months ago

treasurehunt

Now, I like Uncle to churn out this type of article making educated people syok syok. Kikiki!

2 months ago

Cupcakes69

@qqq3333

US GDP per capita 5x that of China, Taiwan GDP per capita 2x that of China. Both countries considered high income and developed. China on the other hand still only upper-middle income, and still developing, and its population is getting old before it gets rich because of stup*d one-child policy;

So which a better model, definitely not China's lol.

2 months ago

treasurehunt

Here's the investment platform lor not an educative platform to change other people. Let it be! Anyway, we need more this kind of people in the stock market.

2 months ago

OnTime

china pop is 4x usa and 50x taiwan so using gdp per capital is very inaccurate

2 months ago

Up_again

No worries guys, there will be a Great War in less than 10 years. Either cupcake or qqq will be proven right. At that time, hopefully they finish of one side convincingly so we don’t need to waste time debating here

2 months ago

qqq3333

China don't need war. They know time is on China side.

2 months ago

ahbah

We all here also no need war. We all need peace n prosperity$$$ !!

2 months ago

AlsvinChangan

USA Indo Pacific strategy is about war

USA had so many internal problems now USA need a great war of china to stay alive another 50 years

Asia is the next mideast

Without WAR USA is DOOMED

2 months ago

qqq3333

How come Malaysia still got people who repeat western lies?

2 months ago

Cupcakes69

@ CnTime

Actually, its because of population difference why GDP per capita is more accurate.

If you rely on GDP alone, that would mean the average Indonesian are more economically prosperous that the Singaporeans because Indonesia's GDP is more than 3x that of Singapore.

But we all know Singaporeans are richer. Malaysians want to move and work there, not Indonesia.

2 months ago

Cupcakes69

@qqq3333

What western lies did I repeat? US and Taiwan's GDP per capita is far higher than China's. Lmao. That also you don't know meh?

2 months ago

bpsiah

Whatever, China is showing the way now. The best part, I think, China has more to show looking ahead.

2 months ago

uncensored

受害者纷上网实名举报-唐山警疑吃连环爆

https://www.sinchew.com.my/20220613/%e5%8f%97%e5%ae%b3%e8%80%85%e7%ba%...

2 months ago

uncensored

A land where people with wealth & connection got special treatment. Make sure you don't go against them. Pray a lot so that this special privilege people don't come to disturb or bully you. Once you are targeted .... bye bye

2 months ago

uncensored

唐山事件“保護傘”太多!“九流氓”中有政法委書記的兒子,大陸媒體點名唐山官場;思考題:中共喜歡好人多、還是壞人多?公檢法的上位邏輯;上千港人倫敦紀念612事件|新聞拍

https://www.youtube.com/watch?v=0j9CckIQjUQ

本集節目美東 2/25 製作
0:00 時政自媒體在YT上要避免很多禁忌 還涉及“立場”問題
2:32 唐山打人案中的流氓 有政法委書記的“兒子”
3:27 公檢法如何上位 思考:中共喜歡好人多、順民多、壞人多?
8:27 三個原因讓公檢法成為黑道保護傘 陸媒點名唐山官場
10:20 保護你吃燒烤!中共警察開始下派各地燒烤攤盯防
11:50 唐山事件或致官員落馬 各種暴力事件頻發 防不勝防
13:32 上千港人齊集倫敦 紀念“612立法會事件”三週年

2 months ago

Cupcakes69

@bpsiah

More to show ah? Aya, how to show anything when CCP loves to censor soo many things. Lol

2 months ago

qqq3333

they only censor stuffs that do damage to the country and the people.

2 months ago

qqq3333

the whole debate about freedom and media assumes Chinese as stu..pid as Americans.

2 months ago

Cupcakes69

@qqq333

Nope, they censor stuff that do damage to the CCP's fragile image. They don't care about facts, as long as they can get the Chinese to give up their civil liberties, privacies, , human rights, and keep the CCP in power.

2 months ago

qqq3333

China media doing a good job....I wish they invest more internationally

2 months ago

Cupcakes69

@qqq3333

No you don't because that would result in youtube and i3investor being banned too. And you love accessing these websites despite your praise of CCP censorship because you are openly double standard. No shame at all.

2 months ago

qqq3333

China invest more here, we get more China media and also more you tube.... I have no problems with that.

2 months ago

qqq3333

China's voice, China's perspective is not hear enough, outside china...............and that is big problem.

2 months ago

Cupcakes69

@qqq3333

Chinese news media are accessible outside of China, even in the US. They not very popular because Chinese news media will only talk good about China, which you yourself admit to.

2 months ago

qqq3333

why? u expect China media to criticise China.....don't be so ridiculous.

2 months ago

qqq3333

America is beyond help already.......... America is a deeply divided country in permanent decline. but Malaysia still can help.

2 months ago

Cupcakes69

@qqq3333

Expecting truthful reporting from the press is ridiculous? Seems like China is beyond help already lah if being constantly lied to by your government is considered a good thing.

2 months ago

qqq3333

China media is there to help u, and the Chinese in China to love China ......... that should be their main function.

2 months ago

Cupcakes69

@qqq3333

Being lied to is helping you? Wah, you for sure useful idi*t to the CCP lah.

2 months ago

qqq3333

truthful? as long as it helps China grow and prosper, that is the truth......

as long as it harms China, that is ban in China.

2 months ago

qqq3333

truth or not is to be measured against its effect..................the job of the media is to promote harmony, unity, patriotism, prosperity, happiness................and avoid self harm.

2 months ago

qqq3333

China is democracy in China language because it is people first.........the government take care of the people and the country.

2 months ago

Cupcakes69

@qqq3333

"China is democracy in China language because it is people first.........the government take care of the people and the country."

Says who, the chinese news media who you just admit is lying? lmao, you really are useful idi*t to the CCP lah. So gullible. You know they lie yet you still choose to believe them. Logic down the drain already.

2 months ago

uncensored

一帶一路榨乾窮國,中共掉自己挖的陷阱;中國中小銀行危機爆發,會大量覆滅?前業者曝中國房地產黑幕;數百名碩博士的錢去哪了?「把高學歷羊騙進來宰」;邯鄲要求復工

00:00 本期内容摘要
01:21 窮國被一帶一路榨乾沒錢還貸款,美學者:中共掉入自己挖的債務陷阱
04:06 「這些銀行會大量覆滅」?中小銀行的危機正式爆發
05:20 中國22城首輪土地拍賣成交額下降52.7%
06:32 知名投資人:美聯儲玩真的,明年利率將升破5%
07:40 前房地產業者談推高大陸房價黑手
10:56 河北邯鄲要求復工前購買3000元防疫機,並說網民理解
12:04 數百名碩博士的錢去哪了? 「屬實是把高學歷的羊騙進來殺」

https://www.youtube.com/watch?v=YnvmjLRSh4g

1 month ago

qqq3333

no one else can match the results China have shown

1 month ago

qqq3333

America hates its own poor people....on that score, I will say even Malaysia is more democratic than America.

1 month ago

Tobby

You know, Elon Musk kid recently change his name to her! Yeah, brainwashed by LBGT, the leftists of USA!
What is happening in US culture is beyond perverted! I doubt the rest of the world still have admiration for USA now! I mean, tell me, what has US done good lately! Nothing!
Then again, what has China side done of late! While innovations have thrive, i mean, gosh, can Chairman Xi stop been war monger! Non stp making threats against Taiwan! As if going to war anytime soon!
Chairman Xi is acting exactly like those incompetent US and EU leaders! Lately, the world has been in state of gloom! seems nothing to be happy about!

1 month ago

qqq3333

it's u toby, it's not China

1 month ago

qqq3333

in any country, the intellectuals are 5% .... in America, the intellectuals got no influence. The smart politicians know that.

1 month ago

speakup

US is no longer the same US as we know long time ago, now it is evil empire

1 month ago

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