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Fall of Empires: Rome vs USA via Mike Maloney (Video)

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The example of the first great republic  in recorded history (509 B.C. to 29 B.C.) was omnipresent in the minds of America’s founders as they created a new republic centuries later. As a consequence of their deliberations and, perhaps, the “protection of divine Providence” as written in the Declaration of Independence, the United States of America, in the mind of many of the founders, was intended to be the modern equivalent of the Roman Republic.  via Salon
 
I am considered lucky to watch your videos Mike ( i just watched all episode today), I absolutely agree with you that the true wealth is our time and freedom, now I educate my self to learn, thanks Mike, huge respect via Tito
 
Really looking forward to this episode. Discovered your hidden secrets of money series in late 2013 and have followed you ever since. Needless to say my decisions on what to do with my fiat have been vastly influenced by you, i’m 99% sure its the right move, patience is key.
 
Mike your a legend, keep up the great work! My fave episode if were talking hidden secrets of money is probably 5, purely for the great tour and your subtle humour haha. Glad to see that episode has more views these days compared to 2013 but all your videos are underrated, shame most people in society don’t give one “ounce” of interest though. 👍 Once again thanks, looking forward to watching. Hypalinx

When read together, striking parallels emerge — between our failings and the failings that destroyed the Roman Republic. As with Rome just before the Republic’s fall, America has seen:

1 — Staggering Increase in the Cost of Elections, with Dubious Campaign Funding Sources: Our 2012 election reportedly cost $3 billion. All of it was raised from private sources – often creating the appearance, or the reality, that our leaders are beholden to special interest groups. During the late Roman Republic, elections became staggeringly expensive, with equally deplorable results. Caesar reportedly borrowed so heavily for one political campaign, he feared he would be ruined, if not elected.

2 — Politics as the Road to Personal Wealth: During the late Roman Republic period, one of the main roads to wealth was holding public office, and exploiting such positions to accumulate personal wealth. As Lessig notes: Congressman, Senators and their staffs leverage their government service to move to private sector positions – that pay three to ten times their government compensation. Given this financial arrangement, “Their focus is therefore not so much on the people who sent them to Washington. Their focus is instead on those who will make them rich.” (Republic Lost)

3 — Continuous War: A national state of security arises, distracting attention from domestic challenges with foreign wars. Similar to the late Roman Republic, the US – for the past 100 years — has either been fighting a war, recovering from a war, or preparing for a new war: WW I (1917-18), WW II (1941-1945), Cold War (1947-1991), Korean War (1950-1953), Vietnam (1953-1975), Gulf War (1990-1991), Afghanistan (2001-ongoing), and Iraq (2003-2011). And, this list is far from complete.

4 — Foreign Powers Lavish Money/Attention on the Republic’s Leaders: Foreign wars lead to growing influence, by foreign powers and interests, on the Republic’s political leaders — true for Rome and true for us. In the past century, foreign embassies, agents and lobbyists have proliferated in our nation’s capital. As one specific example: A foreign businessman donated $100 million to Bill Clinton‘s various activities. Clinton “opened doors” for him, and sometimes acted in ways contrary to stated American interests and foreign policy.

5 — Profits Made Overseas Shape the Republic’s Internal Policies: As the fortunes of Rome’s aristocracy increasingly derived from foreign lands, Roman policy was shaped to facilitate these fortunes. American billionaires and corporations increasingly influence our elections. In many cases, they are only nominally American – with interests not aligned with those of the American public. For example, Fox News is part of international media group News Corp., with over $30 billion in revenues worldwide. Is Fox News’ jingoism a product of News Corp.’s non-U.S. interests?

6 — Collapse of the Middle Class: In the period just before the Roman Republic’s fall, the Roman middle class was crushed — destroyed by cheap overseas slave labor. In our own day, we’ve witnessed rising income inequality, a stagnating middle class, and the loss of American jobs to overseas workers who are paid less and have fewer rights.

7 — Gerrymandering: Rome’s late Republic used various methods to reduce the power of common citizens. The GOP has so effectively gerrymandered Congressional districts that, even though House Republican candidates received only about 48 percent of the popular vote in the 2012 election — they ended up with the majority (53 percent) of the seats.

8 — Loss of the Spirit of Compromise: The Roman Republic, like ours, relied on a system of checks and balances. Compromise is needed for this type of system to function. In the end, the Roman Republic lost that spirit of compromise, with politics increasingly polarized between Optimates (the rich, entrenched elites) and Populares (the common people). Sound familiar? Compromise is in noticeably short supply in our own time also. For example, “There were more filibusters between 2009 and 2010 than there were in the 1950s, 1960s and 1970s combined.”

As Benjamin Franklin observed, we have a Republic — but only if we can keep it.

 

 

 



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