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America is in danger of becoming a Third World country ?

Discussion in 'International Forum' started by De Javu, Sep 6, 2010.

  1. De Javu

    De Javu JF-Expert Member

    Sep 6, 2010
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    The United States is on the brink of sliding down to a Third World country, as it struggles with massive debts, rising unemployment and a deteriorating economy.

    Some of the warning signs that indicate America's fantastic fall from a First World nation include rising unemployment and poverty.

    According to Spiegel Online, the United States is recently faced with a new phenomenon called "the new poor."

    In Ventura California -- a luxurious resort city -- about 20 percent of the residents are at risk of homelessness.

    The once-rich, who have lost their homes, are now forced to sleep in their expensive cars parked in the city's corners, Captain William Finley, the head of the local branch of the Salvation Army said.

    He further added that during the past months, the number of people taking advantage of the organization's free meals program, has doubled. Many drive up in their BMWs to receive free food, he went on to say.

    Another signal that marks the demise of America's so-called greatness is the disappearance of the middle class.

    During recent years, the gap between the rich and poor has increased at a staggering pace, systematically wiping the existence of the middle class from America.

    Income inequality in the US has reached a stage where only one percent of Americans own as much as 37 percent of the total national wealth.

    That means that if an average CEO earned 30 times as much as an ordinary worker in 1950, today he would own 300 times as much.

    Meanwhile, in its current annual report, the US Department of Agriculture stressed that some 50 million Americans were not able to afford enough food to stay healthy at some point in 2009.

    It also noted that one in eight adult Americans and one in four children now survive on government food stamps. These are unbelievable numbers for the world's richest nation, Spiegel wrote.

    So far, US politicians have failed to come up with solutions to the growing crisis.

    "The lights are going out all over America," Nobel economics laureate Paul Krugman wrote last month. This is due to the fact that many US residents can no longer spend money because they have no savings.

    Their houses have lost half of their value; they no longer qualify for low-interest loans; they are making less money than before or they're unemployed. This in turn reduces or eliminates their ability to pay taxes.

    As a result, many state and local governments are faced with enormous budget deficits. In Hawaii, schools are closed on some Fridays to save the state money. A county in Georgia has eliminated all public bus services and in Colorado Springs, a city of 380,000 people, a third of streetlights have been shut off to save electricity.

    In fact, the United States, which is in the wake of a huge debt crisis of above 90% of GDP, is threatened by a social Ice Age more severe than anything the country has seen since the Great Depression.

    This is why last month, a leading online columnist, Arianna Huffington, issued the almost apocalyptic warning that "America is in danger of becoming a Third World country."
  2. K

    Kamundu JF-Expert Member

    Sep 6, 2010
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    This is just normal, they just need to reduce spending but USA has too much resorces and she will never be poor.
  3. The Quonquerer

    The Quonquerer JF-Expert Member

    Sep 6, 2010
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    Acha waje, si mbona tumezoea huku chini! Siku hazigandi!
  4. bona

    bona JF-Expert Member

    Sep 9, 2010
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    people failed to understand capitalist system will eventually collapse in the future in any country because it reach a state, resources do not balance with demand, its a pyramid scheme! it will never work without depending on external resources and market ndio maana wanatumia hila kama za globalisation, free market economy hata nguvu inapobidi ila kwa sasa china is beating them in their own wicked game ndio maana wanatapatapa!
  5. P

    Percival JF-Expert Member

    Sep 9, 2010
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    Anaepanda ngazi huteremka - hii ni kawaida. America pia ilichukua tuzo la nchi tajiri na yenye nguvu kutoka Ulaya na sasa wameanza kwenda chini ta tuzo lianaanza kuangalia mashariki - yaani Asia. China na India ndizo zitakua mababe kiuchumi karne hii. baada yao labda Africa tutachukua tuzo hilo tukiweza kufanya kazi kwa bidii bila malalamiko, uvivu na ufisadi. China hawana mchezo fisadi mkubwa ni risasi tu. Hakuna sababu kwa nini Africa iwe na hali ilionayo leo !
  6. A

    Alpha JF-Expert Member

    Sep 9, 2010
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    Please provide a link to this article.

    This title is way overblown. The chances that the US will become a third world country within our lifetime are almost zero unless there is a series of major (and i emphasize major) man made or natural catastrophes e.g. Nuclear War, Earthquakes, etc.
  7. sblandes

    sblandes JF-Expert Member

    Sep 9, 2010
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    You don’t become developed world by just talking tough its economy which justifies that. Mother earth has seen the rise and fall of various great empires centuries and decades ago, they have to complete the circle period. It’s not how much resources you get but how smart youre,and you cannot be smart forever. Slow down of your economic engine will impare it, leading to less development output, but more output to the ambitious aggressor.One of aggressor is China knows how to utilise ecomic toolbar,but USA they dont. China a developing world nation producing 600,000 Engineer graduate a year while USA Engineer graduate is about 70,000 annually even though China is more populated still the rate production is higher in China.
  8. pmwasyoke

    pmwasyoke JF-Expert Member

    Sep 9, 2010
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    Not almost zero Mkuu - just plain zero.
  9. NGULI

    NGULI JF-Expert Member

    Sep 9, 2010
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    Mzee USA itabakia super power kwa muda mrefu sana tuu, hao china unaowasifia wako ki msimu zaidi......imagine 3 waorld countries wagundue kuwa cheap is expensive watauza wapi vitu vyao??? sisi tunawabeba sana hao wachina
  10. The Finest

    The Finest JF-Expert Member

    Sep 9, 2010
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    If you truly believe that the US is becoming a third world country, then I must disagree for about about a million obvious reasons such as

    Dominate political position - United States is a dominant international player because of the breadth of its economic and military power

    Dominate economic position -
    United States does dominate the international economy really only because of the dollar, should the US dolllar slide so far that the world is forced to adopt the Euro the US will cease to be the world's dominant economic player.

    Dominate scientific position

    Dominate military position
  11. The Finest

    The Finest JF-Expert Member

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    Third-world: countries where the gap between the rich and the poor is very wide. Very bad distribution of income.
  12. sblandes

    sblandes JF-Expert Member

    Sep 11, 2010
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    Ebu angalia hii-:
    China expects its power generation capacity to surpass 900 GW by the end of 2010, nearly doubling over the past five years. In 20 years, it will double again to 1,775 GW, almost equal to the current combined power capacity of the U.S. and Europe. An article in Power magazine says China is adding power at a rate faster than any other country, driven by an accelerating economy and immense population growth rate. It's building 23 nuclear power plants and plans to build 30 more. China already has the world's largest transmission network, and the world's most sophisticated and efficient grid. Source: Global Spec