Empire ... The Corporte State ... as the majority of their earnings and profits are obtained overseas; when stated in dollars, those outsized profits swell even higher. No, the bankruptcy of Corporate America is not found on the bottom line; it is measured by altogether more profound metrics than mere money. Corporate America is bankrupt on levels which are difficult to describe; morally and spiritually bankrupt, not just in the pathologies that guide corporate goals and behaviors, but in the Potemkin shell of free enterprise they present to the world in ceaseless propaganda, and in the manner in which they have cut America loose from their corporate souls. Corporate America only resides in America because it controls the machinery of governance and regulation here for pathetically modest investments in lobbying and campaign contributions. It would be impossible to replace the global Empire that protects and nurtures it, and so Corporate America maintains its headquarters in America, the better to shape policy and skim gargantuan profits from the Empire and its Central State in Washington. The return on investment for lobbying and campaign contributions is simply unmatchable anywhere else; it is without doubt the highest return on investment on the planet. And the risk-return is immensely favorable; there is simply no risk that the Empire or the Central State will ever go against the "best interests" of its corporate partners. More ... http://www.zerohedge.com/article/guest-post-bankruptcy-corporate-america
The article, Ecstasy of Empire, is a conglomeration of spicy adjectives and misapplied facts. Short answer: forget it. The world economy is, roughly, always in balance; the deficits of debtor nations equals the surpluses of creditor nations. Simply put, it is not in the interests of China, Germany and Japan to cause the collapse of the dollar or the US economy. And the US is central and vital to the world economy, not least as a major export market for China, Germany Japan and other important nations. So the immediate and longer term future is safe. Bottom line, rest easy in your beds at night everyone!
EMPIRE TOO COMPLEX Complexity and Collapse (July 26, 2011) Adding complexity offers a facsimile of "reform" that actually serves the Prime Directive of fiefdoms and cartels: self-preservation. ...Here is the "problem" which complexity "solves": it protects Savior State fiefdoms and private-sector cartels from losses. State fiefdoms and cartels have one goal: self-preservation. Once sufficient power and wealth (or control of wealth) is concentrated in a fiefdom or cartel (generally the two are partnered, as each supports the other), then the power can be devoted to limiting losses or encroachment. That becomes the raison d'etre of the agency or enterprise. Complexity works beautifully as self-preservation, because it actually expands the bureaucratic power of fiefdoms and widens the moat protecting cartels. Once the fiefdom expands to manage all those new rules, only a handful of corporations can possibly afford the regulatory reporting burdens. They are thus free to exploit the populace as an informal cartel. ... http://www.oftwominds.com/blogjuly11/complexity-collapse-7-11.html