Spengler: US elites’ imperial corruption compares to Opium War

America has no empire in the old sense of the world; when Americans occupy foreign countries they lose money rather than make money. But America’s financial and tech monopolies have the same effect. During the 2000s, Wall Street’s derivatives desks picked off the brightest engineers, and during the 2010s, the tech companies recruited the smartest engineers and computer scientists. America graduates barely 40,000 mechanical engineers each year, not surprising considering that Americans lost interest in manufacturing two decades ago. The tech monopolies offer rewards beyond the imagination of greed and have concentrated American wealth in the hands of the smallest number of people in history. And they feed on a culture of insouciant hedonism that values individual self-expression as a matter of religious dogma while enforcing a vicious conformity upon young people.

Source: US elites’ imperial corruption compares to Opium War – Asia Times

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