How about until 2030? History informs that democracies are rare and generally devolve into anarchy or totalitarianism by their 300th anniversary. You just have to look at ancient Greece and Rome. Is the United States immune or on the same track to destruction?
The September edition of Future 2050 will attempt to read the “historic tea leaves” and make some dire predictions as to the days ahead for our fragile republic. The recent attempt by former President Trump to prevent the peaceful transition of power from one administration to the next is endemic to the serious threats confronting our country in the immediate future. The U.S. has become increasingly polarized, violent, and volatile. Mass shootings are tragically a way of life occasioned by the systemic loss of confidence in law enforcement and the very stability of our governmental institutions and societal norms. We are definitely in a downward spiral.
In tandem with political instability are the increasingly dire effects of economic dislocation and destruction of the middle class. Although I am a huge fan of technology and the advent of artificial intelligence, these developments will lead to massive unemployment by 2035 in tandem with hyperinflation. Within this declining societal landscape, our country will face increasing urban violence and the inability of the government to effectively maintain stability at the local and national levels.
Capital will continue to flow to the upper 5 percent with widespread decline everywhere else. I predict that “Corporate City States”, autonomous quasi-governmental entities, will rise from the ashes and comprise the assets, owners, and employees of the top industries in America, i.e., Microsoft, Amazon, Facebook, SpaceX, and others. These entities will be cordoned off physically and socially from the rest of the country accompanied by private law enforcement tantamount to private armies. Over time, these Corporate City States will exhibit their own independence from the United States as exemplified by the use of cryptocurrency. This transition to private tender will insulate the very rich from the collapse of the American fiscal system which is already in decline.
So, what happens to everyone else? It is not a happy story.
Find out more in the September edition of Future 2050.