The past may not repeat itself

The beginning of the end (of U.S) ? In the long in the long haul, doomsayers may turn out to be right although, long-term predictions have rarely lived up to their promises! Excerpt from the article below:

The US prospered because it could attract the best brains in the world because of its open system. Except the communists, everyone was welcome and especially those who had some special skills. It was the liberal environment plus the economic opportunities that pulled the most innovative, hard working and brainy people to the US. These people put the US in a leading position in every field. Most US Nobel Prize winners are foreign-born or second-generation immigrants. The father of the US nuclear bomb, Albert Einstein, was also a Jewish immigrant from Germany. However, with the increasing dominance of its security-obsessed state and pro-rich economic system, the US has started losing its lustre. As a matter of fact, many long-time European residents of the US have started going back in recent years. If the prevailing suffocating environment continues—which I think it will— the steady stream of people with initiative coming to the US will dry up. Consequently, the US will slowly — not all at once though — go down the hill. It may take a few years or a few decades: it is hazardous to give a timeline for an ongoing historical trend. It will not be easy as it has been in the past for the American system to correct itself. The societal forces that culminated in the Bush presidency are still very strong and it is a difficult task for the Democrats to reverse the decadent trend. Therefore, it is not surprising that the US is losing its leadership in the financial world. Our friends back home would be better served if they do not confuse the American past with its future.