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https://www.commondreams.org/views/2020/06/10/united-states-obituary

United States: An Obituary

The United States of America was problematic from the start. It was founded on genocide and slavery, and, while frequently congratulating itself on the rights and freedoms it granted its citizens, never managed to confront the demons in its past. The question would arise repeatedly, generation after generation: rights and freedoms for whom?

Nevertheless, the immigrants who founded a nation on a stolen continent managed to show up in the right place at the right time. The luck of geography and history insulated them from most wars in Europe, while supplying them with vast forests, navigable rivers, rich topsoils, valuable minerals, and much of the world’s most easily accessible coal, oil, and natural gas.

The result, after a century-and-a-half of wealth accumulation and industrial buildup, was global dominance. America invented and taught the world the magic formula of consumerism: cheap energy + advertising + consumer credit = ever-growing levels of commerce, employment, tax revenue, and return on investment. The transformation of nature into quantifiable wealth via energy, technology, capital investment, and labor had never before occurred so rapidly, or on so grand a scale.

The 20th century was without question the American century. After World War II, which was fought at a distance from American soil, the dollar became the world’s reserve currency, and there could be little doubt who was in charge. Even though politicians in Washington insisted that their nation led by example and shouldn’t be thought of as an empire, any other nation’s hesitance to adhere to US rules resulted in a CIA-engineered coup, an invasion, or economic sanctions.

At least since the start of the new century, it has been clear that America’s star is waning. The first signs of trouble came in the 1960s and ’70s, as the pointless Vietnam invasion divided the country, US oil production began to decline, and Richard Nixon devised the War on Drugs as a strategy to incarcerate and disempower large numbers of African Americans. Financialization started turning America into a two-tier casino in the 1980s, but the owner class never complained and the renter class had no voice. More needless, costly wars were to come under the aegis of George W. Bush, a clueless rich kid who wandered into the presidency via family connections, a winsome Texas drawl, and a little help from the Supreme Court. The end of Bush’s second term happened to coincide with the peak of world conventional oil production, the bursting of a financial bubble in the housing market, and the start of the global financial crisis. But the nation dodged these deadly bullets, just barely.

Bush’s successor, Barack Obama, was charged with cleaning up the mess. Obama was intelligent, articulate, and empathetic; moreover, in his speeches he appealed to values that united most Americans. However, despite hope from many progressives that his election would lead to substantive changes in economic, military, healthcare, and environmental policies, Obama was unable or unwilling to break with the status quo. Crucially, he failed to prevent Treasury and Federal Reserve officials from crafting a recovery that rewarded the investor class while further immiserating wage laborers.

Speculators, now flush with bailout cash, were eager to identify the Next Big Thing; many thought they found it in the fracking frenzy. Soon small, heavily hyped companies were producing millions of barrels of oil each day from shale formations in North Dakota, Texas, and Oklahoma, while yielding almost no profits for drillers and investors. It was a pyramid scheme, but one with a tangible product. Peak oil was postponed, and America was once again the world’s top petroleum producer.

Throughout the Obama years, social media began playing an expanding role in the daily lives of most Americans. These convenient, addictive, and highly profitable digital tools facilitated fun communication while also fracturing the country’s common understanding of reality. They offered users ever more fodder for whatever they already believed, even if those beliefs amounted to the looniest of conspiracy theories.

In 2008, a European acquaintance asked me how I thought the US would react to having an African-American president. I replied that, given the persistent racism rampant in my country, there would be hell to pay one way or another.

Eight years later, hell arrived in the person of Donald J. Trump, promoter of the discredited notion that Barack Obama was actually born in Kenya and was therefore ineligible for the presidency. Plenty has been written about Trump’s psychology—his narcissism, his lack of curiosity and compassion, and his tendency to be driven by personal grievance. Much reportage has also been devoted to his administration’s alarming actions—its dismantling of environmental regulations, its crippling of constitutional checks and balances, and its dramatic undermining of America’s standing worldwide. Inevitably, a growing majority of the voting public is turning against Trump; his response is not to run a competent reelection campaign (or a competent government, for that matter), but instead to divide the country further on every conceivable issue, with the evident intent of contesting the results of the November ballot, thereby throwing the nation into political turmoil of a ferocity not seen since the spate of urban uprisings and assassinations (JFK, MLK, RFK, Medgar Evers, Malcolm X) in the 1960s, and perhaps not since the Civil War.

Oh, and there’s the pandemic. The emergence of something like the novel coronavirus was inevitable at some point, as public health experts had long warned, but this particular bug just happened to arrive at a moment when America was divided and distrustful. Lack of federal leadership resulted in arguably the most inept pandemic response in any industrial country, with the US leading the world in infections and deaths. While some nations were able to eliminate the virus entirely by acting early and cooperatively, America under Trump dithered and denied its way into a polarized confusion wherein even the choice of whether to wear a facemask is a tribal signal. Up to half of Americans say they won’t take a vaccine when it becomes available.

Due to the pandemic, America is now mired in an economic depression, with nearly unprecedented levels of unemployment and widespread bankruptcies. Meanwhile, the stock market—once again buoyed by unimaginably generous bailouts—is riding high.

As if the nation’s body politic weren’t already riddled with enough mortal ills, the cancer of racism has suddenly metastasized, exemplified in yet another police killing of an unarmed African American. Decades of Jim Crow laws, lynchings, criminalization, and government-backed loan programs that gave a lift to white citizens while holding blacks down have built up an unmanageable backlog of resentments and fears. As emotions reached boiling temperature, Trump responded by pouring fuel on the flames, tweeting, “When the looting starts, the shooting starts”—a phrase used previously by Miami Police Chief Walter Headley.

However, days of massive street protests, most of them peaceful and featuring people of all ages and skin colors, have shifted the political calculus of the nation ahead of the November election. As students of the history of authoritarian regimes have frequently noted, once a slide toward dictatorship begins within a democracy, it is difficult to halt; usually, the only force powerful enough to stop it is large numbers of people in the street. The recent protests didn’t specifically target Trump, but they certainly drew energy from long-simmering anger and resentment against him, and his transparent support for white nationalists and institutionalized racism in all its forms. Now military leaders are openly breaking with the president. As a result of these developments, the likelihood of Trump consolidating power over the longer term is considerably diminished.

The protests were an outpouring that a majority of the nation could be proud of. Over the short term, America seems to have dodged a couple of bullets. The possibility of a Trump dictatorship is receding; so is the immediate threat of the pandemic—in most people’s minds, at least. Businesses are reopening, and concerts and sporting events are being rescheduled.

Nevertheless, expectations of a recovery to the status quo ante are not just premature; they’re fundamentally unrealistic. Even assuming that a new administration takes charge next year, the United States is entering a period of political, social, and economic dissolution. Its unconventional oil production rate has now peaked and is in steep decline, a debt bubble even larger than the one that existed in 2007 is ripe to pop, and COVID-19 threatens to wash back through the populace in repeated waves. Meanwhile, the specter of climate upheaval, for which the US is also entirely unprepared, lurks in the background, promising rising seas and worsening wildfires, droughts, floods, and storms.

In short, we are living through the fall of a great power. With it will go a unique way of organizing the world. The symbolism of president Trump cowering in an underground bunker beneath the White House in late May couldn’t be plainer.

It is reasonable to ask whether the United States will continue to exist as a unified nation for much longer. The federal government has become so incompetent as to be increasingly irrelevant to the solution of many pressing problems—and a new face in the White House may not change the situation decisively. Out of necessity, states are exploring strategies of regionalism, as governors in the Pacific Northwest, the Midwest, and the Northeast collaborate to respond to the pandemic. Governor Gavin Newsom has even taken to calling California a "nation state." States do not have monetary sovereignty, and therefore cannot run up huge deficits in order to cushion the impact of economic depression. State banks, which could create and lend money for such purposes, have been proposed as the next-best thing. However, devolution of power to the states may do little to address the urban-rural economic, racial, and political disparities that are ripping the nation’s social fabric....