Rome vs. America in Economics — Market Mad House
The current American Republic could die of the same disease that killed the Roman Republic.
The Rome Republic died because its leaders refused to acknowledge economic reality. The economic reality Roman leaders failed to accept was the death of their traditional agricultural society.
The Roman Republic based its fantasy economics on the assumption that the small independent farm was the ideal unit of production. The Romans believed that a Republic of small independent farmers was the ideal political system. Likewise, the…