Casey on Nationalism (3)

Doug Casey on Nationalism and the State.

I think, however, that the nation-state is approaching its end game.

And almost all states in the world are on the point of failure because almost all of them are bankrupt. They’ve issued far more debt than they can ever repay. They all compel their subjects to use fiat currencies, but all of those currencies are in the process of being destroyed, since governments, through their central banks, are issuing them by the trillions now.

Governments the world over provide less and less in the way of services that people actually want and need—and most of those they’ve usurped, as they always have, from the market. Since they’re mostly bankrupt they’ll be increasingly unable to provide useful services. So I expect we’ll see more internal turmoil around the world in the years to come. And more wars, as governments blame each other for various problems. You’ll find more states going rogue for that reason.

This is all bad news. But the good news is that—possibly—we’re at the cusp of seeing the concept of the state itself debunked. And the state replaced by a more rational form of social organization.

Unfortunately, it’s likely to be a bumpy road getting from here to there. Most people have no idea how bad things can get when a government goes out of control, let alone how to prepare… The coming economic and political collapse is going to be much worse, much longer, and very different than what we’ve seen in the past.