There's no doubt America is a great "empire"… and it's not an exception to the rule.
Zero Hedge reports collapse is a process that starts with internal rot. You may not be able to see it… but it's there. Don't let the collapse surprise you… there are always signs.
This is the process of an empire's collapse…
1. Institutions lose sight of their original purpose to become self-serving. Their original purpose is to serve people. Institutions lose sight when they shift from serving others to serving themselves.
2. The self-serving of one individual spoils the group. Once an institution becomes self-serving, everyone seeks to maximize his or her own piece of the pie. Related to this, they also try to shirk as much accountability as well.
3. Self-serving institutions don't promote competent leaders. Competent leaders would expose the rot. Instead the person who cons the people into thinking everything is OK is promoted. This incompetent leader wouldn't want to expose his or her self-serving interests.
4. Self-serving institutions protect the status quo... and punish innovation. They don't want to risk losing their power or control. Change is the enemy.
5. Sunk costs of an empire are enormous… so self-serving institutions resist changing to more efficient methods. If the leaders put their time and money into a project… they want to keep their project… no matter how inefficient.
6. Incompetent leaders do more of "what has worked in the past"… even if what has worked in the past is an utter failure. Incompetent leaders lack imagination and vision.
7. The lack of accountability, effectiveness, and purpose leads to diminishing returns. Each failing institution needs more money to keep its inefficient operation running.
8. Incompetence is rewarded and competence punished. Nepotism and loyalty is promoted to mask the internal rot. Competence threatens a self-serving leadership
9. As returns diminish… costs rise… and entire system becomes fragile. The institution only knows how to expand. As costs rise… the more revenue is needed. It's OK if you're a country that can print your own money. You need to print money to support huge, inefficient operations. This should sound familiar.
10. Economies of scale nor longer generate returns. Now that the scale of enterprise is global… overhead costs and a sprawling managerial infrastructure have become a drain.
11. "More of what works" preserves the internal rot. As problems arise… incompetent leaders with no resources and rising costs have no way to solve them. The façade that everything is OK is simply not.
12. The self-serving elites dominate decision-making… and ignore the common worker. When the elites ignore the common worker… they lose sight of the consequences of their decisions. The elites are too busy promoting their self-interests… and stop serving the majority of the population.
This is how empires collapse. Consider Obamacare… consider bank bailouts… consider government takeovers.
The government is spending money… ignoring feedback… with no accountability… and no purpose other than self-service.