SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (127329)12/29/2016 7:37:17 PM
From: TobagoJack  Read Replies (2) | Respond to of 218035
 
pseudo knowledge and fake news, mish-mashed concoction served up steaming hot ... presto or rather abracadabra ... as believe-me macro

he lost his thread and wants it back, forgetting why he lost it in the first place and so dabbles in revisionism ;0)

entertaining though per 'i am the smartest rooster of the pen' while we mark time, watch & brief on whatever we focus on per whatever premise underpins respective overarching macro, and compare notes

shall this day travel from backwater to further back, am remaining in workation mode, but may hiccup on i-net access

in the mean time, youtube.com



To: Snowshoe who wrote (127329)12/29/2016 7:49:42 PM
From: marcher  Read Replies (2) | Respond to of 218035
 
--The toad will let the air out and return to natural size in a few minutes. Just don't put your fingers anywhere near the poison glands.--

uuhhhh...is such an event a good thing?
-g-



To: Snowshoe who wrote (127329)12/30/2016 12:34:17 AM
From: elmatador  Read Replies (1) | Respond to of 218035
 
“The geographical size, population, and natural resources of the British Isles would suggest that it ought to possess 3 or 4% of the world’s wealth and power, all other things being equal; but it is precisely because all other things are never equal that a peculiar set of circumstances permitted the British Isles to expand to possess, say 25% of the world’s wealth and power in its prime; and since those favorable circumstances have disappeared, all that it has being doing is returning down to its more ‘natural’ size. In the same way, it may be argued that the geographical extent, population, and natural resources of the U.S. suggest that it ought to possess perhaps 16 or 19% of the world’s wealth and power, but because of historical and technical circumstances favourable to it, that share rose to 40% or more by 1945; and what we are witnessing at the moment is the early decades of the ebbing away from that extraordinarily high figure to a more ‘natural’ share.” Kennedy Paul, (1988), The Rise and Fall of the Great Powers, Fontana Press, London.

Please tell TJ to go get some culture

THE RISE AND FALL OF THE GREAT POWERS. Economic Change and Military Conflict from 1500 to 2000. By Paul Kennedy. Illustrated with maps, tables and charts. 677 pages. Random House. $24.95.

“The geographical size, population, and natural resources of the British Isles would suggest that it ought to possess 3 or 4% of the world’s wealth and power, all other things being equal; but it is precisely because all other things are never equal that a peculiar set of circumstances permitted the British Isles to expand to possess, say 25% of the world’s wealth and power in its prime; and since those favorable circumstances have disappeared, all that it has being doing is returning down to its more ‘natural’ size. In the same way, it may be argued that the geographical extent, population, and natural resources of the U.S. suggest that it ought to possess perhaps 16 or 19% of the world’s wealth and power, but because of historical and technical circumstances favourable to it, that share rose to 40% or more by 1945; and what we are witnessing at the moment is the early decades of the ebbing away from that extraordinarily high figure to a more ‘natural’ share.” Kennedy Paul, (1988), The Rise and Fall of the Great Powers, Fontana Press, London.

Please got get some culture

BOOKS OF THE TIMESBy Christopher Lehmann-HauptPublished: January 7, 1988

FACEBOOKTWITTERGOOGLE+EMAILSHARE PRINTREPRINTS

THE RISE AND FALL OF THE GREAT POWERS. Economic Change and Military Conflict from 1500 to 2000. By Paul Kennedy. Illustrated with maps, tables and charts. 677 pages. Random House. $24.95.

AS the Yale historian Paul Kennedy explains at the outset of his new study, 'The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000': From the Renaissance to the present, nations have prospered depending on the strategic use of their wealth in time of war as well as on their strength relative to other nations in the decades preceding a particular conflict.

In the lengthy history that follows, Professor Kennedy demonstrates, among many other things, that nations rising to supremacy by winning wars tend to get overextended in a way that undermines the source of their wealth. The 17th-century collapse of the Hapsburg Empire is one obvious example he cites. The decline of Victorian Great Britain is another.

This will seem self-evident to anyone who has given the least thought to European history. The author himself admits as much when he writes in conclusion that it is 'unsurprising' and 'has been said many times before' that the 'uneven pace of economic growth has had crucial long-term impacts upon the relative military power and strategical position of the members of the states system.' So why is it necessary for him to write over 500 pages on the subject, not counting his extensive notes and bibliography?

Although it took this reader a while to get a handle on what Professor Kennedy is up to here, there do turn out to be a number of compelling reasons for the project. First, he informs us, the field has simply not been adequately explored. As he discovered when he began giving trial-run talks about some of the book's themes: 'Precisely because neither economic historians nor military historians had entered this field, the story itself had simply suffered from neglect.'

Second, his strategic-economic approach provides him with the context for a shapely narrative. This is no insignificant thing, considering the way so many histories meander aimlessly. Professor Kennedy not only exploits his framework eloquently, he also makes use of it to dig deeper and explore the historical contexts in which some 'power centers' prospered - for instance, why in the 16th century the cluster of states in west-central Europe rose to economic and strategic pre-eminence while such imposing Oriental empires as Ming China or Tokugawa Japan did not.

But the most commanding purpose of his project - the figurative other shoe that we wait for to drop throughout the detailed narrative - is the lesson he draws from 15 centuries of statecraft to apply to the present scene. For given the United States' extensive global commitments and its declining rate of growth relative to other powers in the world, one is bound to think if not of the Roman Empire then perhaps of imperial Spain in the 17th century and most decidedly of Victorian Great Britain.

Professor Kennedy, too, thinks of these fallen empires in his final chapter, 'To the Twenty-First Century,' wherein he accepts the division of the world into five economic clusters that Richard Nixon once proposed -Western Europe, Japan and China as well as the U.S.S.R. and the United States. But surprisingly he isn't so pessimistic.

Western Europe must surmount its many divisions to realize its enormous potential, to reduce to a single sentence one phase of Professor Kennedy's lengthy concluding analysis. Japan, while rich and getting richer, faces the dilemma of whether it will someday have to build a military machine to defend its wealth.

China, while 'simultaneously the poorest of the major Powers and probably the least well placed strategically,' seems to be 'evolving a grand strategy altogether more coherent and forward-looking than that which prevails in Moscow, Washington, or Tokyo, not to mention Western Europe.' The Soviet Union faces cruel non-Marxist contradictions that are undermining its already weakening role in the world.

As for the United States, to which Professor Kennedy devotes the longest and most ambiguous analysis (partly because he is closer to this country; partly because its problems are more difficult to read): it is now on the horns of the dilemma that this book was written to investigate.

'Simply because it is the global superpower, with far more extensive military commitments than a regional Power like Japan or West Germany, it requires much larger defense forces - in just the same way as imperial Spain felt it needed a far larger army than its contemporaries and Victorian Britain insisted upon a much bigger navy than any other country.' Yet 'a very heavy investment in armaments, while bringing greater security in the short term, may so erode the commercial competitiveness of the American economy that the nation will be less secure in the long term.'

In the long run, then, the United States must decline, Professor Kennedy concludes. But this decline need not be as steep as past empires faced; 'it may be argued that the geographical extent, population and natural resources of the United States suggest that it ought to possess perhaps 16 or 18 percent of the world's wealth and power' instead of the 40 percent or more it controlled in 1945.

He concludes: 'The task facing American statesmen over the next decades, therefore, is to recognize that broad trends are under way, and that there is a need to 'manage' affairs so that the relative erosion of the United States' position takes place slowly and smoothly, and is not accelerated by policies which bring merely short-term advantage but longer-term disadvantage.'

Some will call this conclusion defeatism and others will call it whistling happily in the dark. Whatever it may be, it demonstrates that while the body of this text may be for the occasional browser of good historical writing, its final section is for everyone concerned with the contemporary political scene.

Photo of Paul Kennedy (T. Charles Erickson)



To: Snowshoe who wrote (127329)12/30/2016 11:37:42 PM
From: elmatador  Respond to of 218035
 
The fact that a country is unequal it doesn't mean the country is poor.

Scandinavians are egalitarian and are perceived as richer than many unequal countries.

Note: I am not passing a judgement on what is good or bad. I am telling what is out there in the real world.

The US is being perceived as unequal (the 1% vs the 99% divider popularized since the financial crisis of 2008) and people who rely solely in the popular press would conclude: The US is poor.

TJ would jump head first and say: "Team US is going down!"
Elroy would ask: Prove it.

TJ would have no intellectual capabilities to reply and would send a picture of Detroit and another of China new city.
.
Detroit has jazz, vibrant culture while the a Chinese new city has no soul.

By why I say about a Swiss city. Half the size of a Brazil (the poster boy of unequality) cemetery and twice as dead.

We need to understand, or better, teach the uninformed, that a country that developed first have gone through economic cycles and turmoil and technological renovations that a new entrant such as China has still to go through. And will go.

Thus we cannot compare both.
.