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When Democracies attack

Discussion in 'Politics (deprecated)' started by atbell, Mar 4, 2010.

  1. atbell

    atbell TRIBE Member

    Alarmist? Could be.

    I don't mean to imply that Iceland, Britan and Norway are going to get to fisticuffs to settle this over due debt but it does bring up larger concerns, and the overall political quagmire, of what happens as the US debt comes due and the Japanese (now the largest holders of US debt), the Chinese, the South Koreans, and the Saudis try to collect from the government.

    The US democracy was broadly 'in favour' of the debt creation. They did not vote out governments who overspent by issuing debt and they voted for costly wars.

    Will the US public vote to pay off 'thier' debts?

    If they do not and push comes to shove there stands to be one democratic country that feels it does not need to honour debts, even to other democracies.

    How are the constituents of other democracies, not to mention some of the more authoritarian counties, going to react to a nation that chooses not to honour thier debt?

    Extending this even further, what happens if the citizens of two democratic nations vote, in free and fair elections, to go to war?

    It isn't completely inconsivable that one country votes not to pay debts the public doesn't feel they were part of while the citizens of a second nation that is due money vote to respond with hostility.
  2. atbell

    atbell TRIBE Member

    A good example which draws comparisons between the situation in Greece, where riot police have been joining the protestors (bastile anyone?), and the situation in US States. As above, I'd suggest using more examples of financial problems to view the situation down south. Iceland is a good modern example but plenty of other case studies exist which could be used to better predict the way that the US population will react as the leadership attempts to navigate out of the crisis.

    I don't even want to think about what might happen to a hospital that defaults on its bonds.

    Yeah public health care.

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