{"id":35857,"date":"2018-07-09T07:48:21","date_gmt":"2018-07-09T12:48:21","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35857"},"modified":"2018-07-09T07:48:21","modified_gmt":"2018-07-09T12:48:21","slug":"the-usa-is-now-a-3rd-world-nation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35857","title":{"rendered":"The USA Is Now a 3rd World Nation"},"content":{"rendered":"

The USA Is Now a 3rd World Nation<\/a><\/h3>\n

I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. <\/i><\/p>\n

Dividing the Earth’s nations into 1st, 2nd and 3rd world<\/i> has fallen out of favor;<\/b>apparently it offended sensibilities. It has been replaced by the politically correctdeveloped<\/i> and developing<\/i> nations, a terminology which suggests all developing nations are on the pathway to developed-nation status.<\/p>\n

What’s been lost in jettisoning the 1st, 2nd and 3rd world categories is the distinction between developing (2nd world) and dysfunctional states (3rd world)<\/b>, states we now label “failed states.”<\/p>\n

But 3rd World<\/i> implied something quite different from “failed state”:<\/b> failed state<\/i>refers to a failed government of a nation-state<\/i>, i.e. a government which no longer fulfills the minimum duties of a functional state: basic security, rule of law, etc.<\/p>\n

3rd World<\/i> referred to a nation-state which was dysfunctional and parasitic for the vast majority of its residents but that worked extremely well for entrenched elites who controlled most of the wealth and political power.<\/b> Unlike failed states<\/i>, which by definition are unstable, 3rd World<\/i> nations are stable, for the reason that they work just fine for the elites who dominate the wealth, power and machinery of governance.<\/p>\n

Here are the core characteristics of dysfunctional but stable states that benefit the entrenched few at the expense of the many, i.e. 3rd World<\/i> nations<\/b>:<\/p>\n

1. Ownership of stocks and other assets is highly concentrated in entrenched elites.<\/b> The average household is disconnected from the stock market and other measures of wealth; only a thin sliver of households own enough financial\/speculative wealth to make an actual difference in their lives.<\/p>\n

2. The infrastructure of the nation used by the many is poorly maintained and costly to operate<\/b> as entrenched elites plunder the funding to pad their payrolls, pensions and sweetheart\/insider contracts.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

The USA Is Now a 3rd World Nation I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth’s nations into 1st, 2nd and 3rd world has fallen out of favor;apparently it offended sensibilities. It has been replaced by the politically correctdeveloped and developing nations, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[20847,127,292,587,10345,827],"class_list":["post-35857","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-3rd-world","tag-charles-hugh-smith","tag-failed-state","tag-of-two-minds","tag-third-world","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35857"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35857\/revisions"}],"predecessor-version":[{"id":35858,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35857\/revisions\/35858"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}