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Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...
Some observers have compared the dilemma to that faced by the music industry. "What's going on in the news business is a lot like what's happening with music," said editor Paul Steiger, a 43-year journalism veteran, who further added that free distribution of content through the Internet has caused "a total collapse of the business model". [81]
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 January 2025. This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources. The Last Judgment by painter Hans Memling. In Christian belief, the Last Judgement is an apocalyptic event where God makes a final ...
The current U.S. economy does share some similarities to Rome’s situation prior to the empire’s fall. Mitchell says the major economic problem Rome faced was its precious metal-based currency.
By 2020, the United States will have been allied with Turkey and Japan for over 75 years. However, in the years after the end of the Second Cold War and collapse of Russia, the United States will gradually become uneasy as Turkey and Japan expand their military power and economic influence. Establishing regional spheres of influence, Turkey and ...
However, the Committee for a Responsible Budget (CRFB), a nonprofit that addresses federal budget and fiscal issues, says savings could fall to $1 trillion depending on “side deals” that fall ...
Collapse: How Societies Choose to Fail or Succeed (titled Collapse: How Societies Choose to Fail or Survive for the British edition) is a 2005 book by academic and popular science author Jared Diamond, in which the author first defines collapse: "a drastic decrease in human population size and/or political/economic/social complexity, over a considerable area, for an extended time."
He elaborates that 'collapse' is a "broad term", but in the sense of societal collapse, he views it as "a political process". [8] He further narrows societal collapse as a rapid process (within "few decades") of "substantial loss of sociopolitical structure", giving the fall of the Western Roman Empire as "the most widely known instance of ...