Moral Outrage
Whew! God help us!

The United States as a Third World country (Part 1)

The evidence suggests that, without fundamental reforms, the United States will become a post industrial neo-3rd-world country by 2032.

Fundamental characteristics that define a 3rd world country include high unemployment, lack of economic opportunity, low wages, widespread poverty, extreme concentration of wealth, unsustainable government debt, control of the government by international banks and multinational corporations, weak rule of law and counterproductive government policies. All of these characteristics are evident in the U.S. today.

Other factors include poor public health, nutrition and education, as well as lack of infrastructure. Public health and nutrition in the U.S., while below European standards, stand well above those of 3rd world countries. American public education now ranks behind poorer countries, like Estonia, but remains superior to that of 3rd world countries. While crumbling infrastructure can be seen in cities across America, the vast infrastructure of the United States cannot be compared to a 3rd world country. However, all of these factors will rapidly deteriorate in a declining economy.

Officially, long-term unemployment is 16.5%. However, using the more accurate pre-Clinton criteria, unemployment exceeds 22%, only 3% below the worst point (24.9%) of the Great Depression.

As the U.S. economy continues its decline, public health, nutrition and education, as well as the country’s infrastructure, will visibly deteriorate and the 3rd world status of the United States will become apparent.

[Zero Hedge]

Continued

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2 Responses to “The United States as a Third World country (Part 1)”

  1. it is being done by design. Help elect Ron Paul to expose and stop it

  2. The signs are all pointing to a US decline. Unfortunately, capitalism does not work; but then again neither does socialism or communism or any of the the other ism’s.

    The US is rapidly turning to being a plutarchy, controlled by a small crony system minority of the uber-wealthy corporate heads. We no longer have a true democracy or even true capitalism anymore.

    Many seek to blame Obama, but the damage was done going back to the 1980’s (if not even earlier) and we are merely reaping the rewards of deregulation and globalization now.


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