The U.S. is just starting to see the early stages of systemic problems in the American economy with the fallout from the subprime mortgage problems. The “policemen” of the American economy, and to a lesser extent the entire global economy, have failed to do their jobs, and this has not been an accident. Laws have been changed overturning the post-Great Depression rules designed to save the banking industry from itself.
There are flaws throughout the system that have led to this problem. Some thirty-five years ago, bribery was legalized in America by allowing PACs (political action committees) to pay off Congressmen. And now the medical/pharmaceutical industry that is more fraud and rip off than real medicine. There is a giant agricultural industry whose genetically modified food is causing far more problems than it could ever solve.
A sign of a Third World country is that its systems don’t work well because the government is for sale. When you can bribe anyone in the government to get what you want, that is a sign of very deep sickness in the nation.
Original Article: America -- The Newest Third World Nation
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