22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers

http://theeconomiccollapseblog.com

For decades our politicians have promised us that the "free trade" agenda would bring us greater prosperity than ever before.  They insisted that merging our economy into the emerging one world economy would cause millions upon millions of new jobs to be added to the U.S. economy.  Unfortunately, it was all a giant lie.  Trading with other countries is not a bad thing as long as the level of trade is fairly equal on both sides.  When trade becomes very unequal, the consequences can be absolutely catastrophic.  Since 1975, the United States has bought more than 8 trillion dollars more stuff from the rest of the world than they have bought from us.  We are the only economy on earth that could have had 8 trillion dollars drained out of it and still be standing.  Instead of leaving the country, those 8 trillion dollars could have gone to U.S. businesses and U.S. workers.  If we could go back and have a "do over", how much more prosperous would we be today if we had kept that 8 trillion dollars inside the country?
But instead of pursuing a balanced trade philosophy, our politicians were so enamored with the emerging one world economy that they threw all caution to the wind.
So we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth.
And this emerging one world economy is absolutely killing American workers.  It lumps them into a global labor pool with workers in other countries where it is legal to pay slave labor wages.
Just think of it this way.  Imagine that you are a giant corporation that makes "widgets".  You can make them in the United States, but you would have to pay your workers about $10 an hour, provide them with a whole bunch of benefits, pay very high taxes, and comply with a dizzying array of laws, rules and regulations.
Or, you could set up shop on the other side of the world where you could pay your workers a dollar an hour.  Those workers would receive no benefits and you would have to deal with very little red tape.
Which would you choose?
The "giant sucking sound" that Ross Perot once warned us about has become a reality.  Big employers are competing with one another to see who can outsource jobs the fastest, and American workers are the big losers in all of this.
As I wrote about the other day, right now there are some American workers that are actually personally training their replacements from overseas how to do their jobs.
If nothing is done about this, jobs are going to continue to pour out of high wage countries such as the United States and into low wage countries on the other side of the globe, and big corporations are going to keep laughing all the way to the bank as unemployment in America gets even worse.
The following are 22 stats that show how the emerging one world economy is absolutely killing American workers....
#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.
#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.
#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.  This is one reason why our national debt is getting ready to cross the 16 trillion dollar mark.
#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.
#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article....

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.
#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.
#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an "m") for the entire year.
#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.
#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.
#13 The United States has lost more than 56,000 manufacturing facilities since 2001.
#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.
#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.
#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.
#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.
#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.
#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.
#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are "good jobs" at this point.
#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.
#22 In recent years the U.S. economy has embraced "free trade" and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history....

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

Sometimes a picture is worth a thousand words.
You can get a really good idea of how nightmarish the manufacturing job losses have been in the United States over the past 40 years by checking out this map right here.
And if everything posted above was not bad enough, some U.S. companies even find themselves competing with slave labor here in the United States.
Seriously.
Prison labor is absolutely destroying some businesses here in America.  The following comes from a recent CNN article....

Unicor is a government-run enterprise that employs over 13,000 inmates -- at wages as low as 23 cents an hour -- to make goods for the Pentagon and other federal agencies.
With some exceptions, Unicor gets first dibs on federal contracts over private companies as long as its bid is comparable in price, quantity and delivery. In other words: If Unicor wants a contract, it gets it.

One company that tries to compete with Unicor has been forced to lay off 150 people over the years because they lose so many contracts to them....

Wilson has been competing with Unicor for 20 years. He's an executive at American Apparel Inc., an Alabama company that makes military uniforms. (It is not affiliated with the international retailer of the same name.) He has gone head-to-head with Unicor on just about every product his company makes -- and said he has laid off 150 people over the years as a result.
"We pay employees $9 on average," Wilson said. "They get full medical insurance, 401(k) plans and paid vacation. Yet we're competing against a federal program that doesn't pay any of that."

But this is also the kind of thing that U.S. companies are dealing with when they try to compete with big corporations that are exploiting cheap labor abroad.
If you are spending ten times as much on labor as your competitor is, it is going to be really hard to survive.
That is why it has become so hard to find products that are made in America.
Most of our jobs these days are low paying "service jobs", cushy government jobs or jobs where people push papers around all day.
But those kinds of jobs do not create lasting wealth for a country.
Did you know that there are more tax preparers in the United States than there are police officers and firefighters combined?
Our economy is a giant mirage.  We consume way more wealth than we produce, but we are able to keep the party going because we are riding the biggest debt spiral the world has ever seen.
But at some point the debt spiral is going to end and the crash is going to come.
Until then, however, those at the very top are still really enjoying themselves.
For example, one of the latest trends is for rich kids to show off pictures of themselves enjoying their enormous wealth on Instagram.
Something has gone very, very wrong with this country.

State of the Union -- Betrayal

"We are headed towards civil unrest.."
"..the world around them is one that has Betrayed them.."
"In a corporate state the interests of the citizens don't matter"
"We need to destroy the machine, because if we don't destroy the machine the machine is going to destroy us..."

Bring the Jobs Home. Both parties have Betrayed the American people.
Those in power have outsourced our economy to communist china.
People are catching on and the establishment is preparing to crack down.
We are reaching a boiling point in society as the 1% is out of touch with the 99%.

Where do we stand now?

Where do we stand now? For decades our leaders have mismanaged the international system. Our jobs have been exported overseas and everything we buy is imported. North American Industrial capacity has been in decline since before my generation, and with it the decline of democracy. Democracy is an experiment whose survival is not guaranteed. Every year we become less free and less prosperous.

We the people are under economic attack by foreign tyrants. Our leaders are at best complacent and at worst collaborators. A totalitarian china rises in the east and threatens to turn back the tide of human progress. Our culture is being diluted with mindless materialism. We are being watched everywhere at all times. Compassion has given way to contempt. Depression, war, we are in a pre-collapse state. At least we have the internet reformation. Although the free flow of information is not forever guaranteed.

Political change is necessary. We must establish a system of international trade based on human rights and civil liberties. We should not trade with states that violate their citizens human rights. Our governments should raise tariffs and allow our domestic industries a chance to function. We should stop outsourcing to our enemy and bring the jobs home. The American trade deficit is unsustainable and must be brought into balance. America is the defender of democracy and must be preserved lest tyranny and injustice engulf the world.

We must preserve our democracy at home and prevent foreign dictatorships from overpowering what we have fought so hard to establish, our individual sovereignty. From Athens to the Magna Carta, the English civil war to the American civil war, the Constitution to the Bill of Rights. Throughout the ages we have fought to establish and preserve a basic standard of human decency. The philosophers of the enlightenment period paved the way that we may live in a society where we are free to think and say and do as we like. Where we have a say in the decisions that affect our lives. This must be preserved.

If the communist party of china is to gain power over the world the human species will experience a de-evolution back to a more violent barbarism the likes of which we have not seen in generations. We are the guardians of the future. Now is the time to resist.

How China Ate America's Lunch

How China Ate America's Lunch

Re-post from zero hedge/ spread the word

In response to one of my recent posts, #999999;">The Sceptical Market Observer: A New Set of Crisis Villains, Clif Carothers sent me a very insightful and elaborate comment on the relative evolution of the economies of China and the United States over the last 35 years. He claims, very convincingly, that China has deliberately and successfully exploited Europe and America’s wealth to leverage its own development. Less a conspiracy than a brilliantly executed plan, the bottom line is that China’s strategy worked. The brilliant exposé below should be an eye opener for most.
Originally entitled “Kyoto Protocols Would Have Accelerated China’s Plan to Reverse-Exploit EurAmerica”, I changed the title of the piece because Clif’s thesis covers much more ground. It is a fascinating story and I am very proud to present it here.
If you are patient and read the whole piece, you will get to the Kyoto Protocol part of the story. America’s response to Kyoto somehow suggests that not everyone is sleeping at the switch. But as Clif discusses towards the end of this post, the level of awareness about what needs to be done in this country needs to be raised if we are to succeed in getting back into the game.
Here it goes:
My set of Villains...
China had a better strategy and executed it brilliantly
Multinational Corporations (MNCs) saw an opportunity to ride the wave of America's destruction for profit and the business of business is profit so...
Bankers are in the business of transferring capital flow to the highest returns and those are to be found in China so..
Politicians are in the business of getting elected and that comes mostly from having more campaign funds from MNCs and bankers than one's opponent sooooooooo....
In 1978, the year China emerged onto the world stage with its four modernizations, China, a country with four times the population of the United States, had a paltry gross domestic product of $216 billion, less than eight percent of the United States. China exposed her strategy of four modernizations to the world as if to say, “Please invest in China and we will ensure that our workforce is educated, and that our business infrastructure is stable for your investment.” Yet, this openly expressed strategy, that may have seemed to the rest of the world as a difficult but noble goal for China to achieve, was only the tip of China’s Grand Plan, and only the part she wanted the world to see.
EurAmerica’s history with China was one of gunboat diplomacy, exploitation, and forced trading. When China opened her borders again in 1979, EurAmerica’s merchants were enthusiastic to exploit an opportunity again. Yet, China had not forgotten EurAmerica’s role in the Opium War, the Sino-Japanese War, and the Boxer Rebellion. China would never open her border again to be exploited. When she finally opened her border in 1979, it was from a position of power, deep strategy, and long lived planning that suggested EurAmerica was finally ripe for reverse exploitation. China’s grand plan was to emerge as the 21st century world power.
What boldness of purpose China must have felt as she aligned her nation’s efforts to that decade’s long task. Looking back today on her impossible achievements, one must give pause to the monumental economic goal she set for herself in 1978, indeed greater than America’s technical goal of landing on the moon early in 1961. Yet, with such a miniscule $216 billion GDP and few material assets how could China possibly build her empire to surpass that of the United States?
Through a hybrid statist-capitalist political structure, China would create a conduit through which American businesses would willingly draw down the wealth of Europe and America and transfer it to China in order to share in the prosperity of that wealth transfer. Through the centralized imposition of forced savings on its people, China would provide low cost labor to sell goods at low enough prices to cause EurAmerica to look the other way as their neighbors’ jobs went to China. Through low interest loans, China would entice EurAmerican politicians to spend beyond their means to temporarily ease the pain of EurAmerica as China’s sucked away their life force. These were the basis of her strategy.
Similarly to how a business cycle contains early adopters and late stage laggards, China planned a capital extraction cycle for EurAmerica, in which China would extract capital in multiple phases, each phase having an optimal extraction strategy. First extraction would be through the early adopter “gold rush” investors rushing into China to stake a claim. China would also plan for early majority, late majority and laggard’s capital extraction.
In 1978, China assessed America’s assets:
• America’s most valuable assets were intellectual capital that resulted from 200 years of publicly funded primary and publicly subsidized secondary education
• America’s physical assets included business assets, commercial, and residential real estate worth $7 trillion in addition to public assets of land, buildings, and infrastructure
• America produced 26% of the world’s GDP at $2.8 trillion and consumed a quarter of the world’s goods
• America’s debt was as low as it had been since WWII as a percentage of GDP and its 110 million workers were capable of doubling their loans to provide China more capital
• America’s Baby boomers were entering a peak spending phase followed by peak saving
• America’s constitutional republic allowed a relative few capitalists to control the direction of her economy
By 1978, multinational corporations had steadily grown in number and size for two decades. China’s success depended on corralling MNCs through direct foreign investment to create massive inflows of capital quickly monetized as hard assets and infrastructure.
China would entice merchants to invest by offering access to the future potential purchasing power of its people. However, given China’s low household incomes, market penetration would be low to start. Therefore, to entice the early adopters, China would create special economic zones that provided the perfect investment opportunity of cheap educated labor, loose regulation, low taxation, strengthened business law, and enhanced infrastructure and transportation, in which businesses could produce goods at very low arbitrage costs to sell back to their home countries for high margins.
With low cost of goods from special economic zones, early adopter businesses were highly profitable and banks poured investment into China as a result. But, China could not complete her Grand Plan to multiply her GDP 50 times by enticing early adopter investors alone. She had to implement a plan timed to extract maximum dollars from EurAmerica at each phase of her exponential growth.
During the next stage, the early majority stage, China manipulated baby boomers’ peak spending phase:
• China’s low prices secured America’s baby boomers as loyal customers
• Prior to America noticing a substantial loss of jobs, China secured free trade agreements, and mined American businesses for their intellectual capital.
• She reinvested profits back into America’s debt to keep America’s interest rates artificially low in order to spur on higher levels of consumer spending and government borrowing.
• China supported lobbying of America’s mass investment vehicles to fund MNCs. 401Ks and IRAs, created in ‘80and ’81, funneled money through the stock market into MNCs for investment into China.
Then, America was drawn into the late majority stage as America’s baby boomers entered their peak saving years. 401Ks and IRAs artificially fed the stock market frenzy. Baby boomers sensed they knew how to invest in a bubble market that kept rising. With access to low interest rate loans kept low by China’s reinvestment, speculators borrowed money to bet on the rising stock market. America ultimately increased its debt to pump up stock values to build more Chinese factories.
Inevitably, the stock market bubble burst, leaving America’s baby boomers with lower retirement savings. The stock market that seemed destined to go up forever finally reversed rapidly decreasing valuations. However, the debt that had funded its escalation remained.
During the late majority phase:
• More businesses began to invest in China just to remain competitive with businesses that had moved offshore earlier.
• Tens of thousands of businesses transferred factories to China to obtain low cost labor
• Millions of Americans lost jobs
• With a generation of education completed, China now was able to take more advanced jobs as well as factory jobs. America’s bastion of protected, more technically competent jobs was not a bastion after all.
• American retail outlets for Chinese goods grew exponentially
• China continued to loan its excess profits back to the American government to keep interest rates low.
After having lived through the weakness of the stock market, real estate appeared to be the baby boomers’ best retirement savings alternative. In the early stages of the Great Ponsi, housing prices went steadily up. With low interest rates, Americans could now borrow on the value of their homes to continue funding China’s growth. China’s final stages of extraction saw the housing bubble increase beyond what had ever been experienced before.
Even though American jobs were increasingly being driven offshore, the frenzy of increased housing prices allowed additional borrowing from Americans, feeding the China gold rush further. This behavior was not unexpected, following a pattern of historical boom-bust cycles and was part of China’s planning. As a result of the stock bubble and the housing bubble, America’s total debt had risen to over $55 trillion. With such exuberance in the housing market, secondary debt markets participated in credit default swaps to the tune of an additional $42 trillion. China now had extracted close to the maximum of America’s value, leaving America with the corresponding debt.
So China extracted maximum value, first in trade secrets and early adoptive money, then by IRAs and 401Ks, then by stock market and home equity loans, then by 2nd mortgages and housing speculation. China monetized the massive cash flows as quickly as possible, building infrastructure and excess manufacturing capacity, while leaving America holding debt in exchange.
Without any other rising asset values to borrow from, America has tapped out its debt. Having maxed its debt, America can only print money to finance its trade deficits. Without further real debt derived money extraction to give China for infrastructure investment and without a real ability to pay for low cost Chinese goods, America is fast losing her worth to China as an infrastructure vehicle. Recognizing that maximized extraction and rapid monetization of America’s wealth is nearing its end, China is now finalizing the implementation of her strategy, that of pulling out of American debt before other countries that maintain reserve currencies create a run on the dollar.
In thirty short years, China was able to accelerate her GDP from $216 billion to $11 trillion. She amassed reserve capital of $3 trillion. She reversed America’s fortunes from the greatest creditor nation to the greatest debtor nation. She gutted America’s factories while creating the world’s largest manufacturing base in her own country. A measure of output that highly correlates to GDP is energy consumption. In June of this year, 2011, China surpassed the United States as the largest consumer of energy on the planet. While the U.S consumes 19 percent of the world’s energy, China consumes 20.3 percent.
In 1992, the world came together to discuss the impact of climate change resulting from energy consumption. The talks resulted in Kyoto protocols being initially adopted in 1997 that attempted to create a framework for reducing greenhouse emissions. The protocols called for 33 industrialized nations to reduce their greenhouse gases to 1990 levels and then to maintain emissions at those levels. Although it called for emerging countries like China to voluntarily lower levels, it did not require them to be mandated.
Of course, all of the countries who had no requirements to reduce their emissions signed the agreement. The United States, under scrutiny from environmentalists and others did not sign. China did sign. This was an additional strategy perhaps not envisioned in 1978 that nonetheless would have assisted in accelerating America’s slide had we signed.
GDP highly correlates to energy usage. In 1990, America’s real GDP was about $8 trillion as compared to $14 trillion in 2011. Kyoto would have caused America to either:
• Invest billions in the attempt to lower our energy usage per dollar of GDP
• Pay billions to other countries to have them produce less so that we could grow our GDP from $8 to $14 trillion
• Or, maintain our GDP at 8 trillion
In the meantime, China’s GDP in 1990 was $1.3 trillion and has since grown to over $10 trillion. China’s energy use has correspondingly grown as well until the point that this month, she overtook America as the greatest polluter. Kyoto was a grand idea that was doomed from the start because of the flaw that allowed the now greatest polluter to play by different rules. It attempted to cap the economic growth of America while allowing other countries to grow unfettered.
China had a Grand Plan that has been executed with the finesse expected of a centrally planned economy. Kyoto added nicely to that plan. America has been thwarted by China’s plan but now has the ability to reverse course. Given China’s size and growth rate, she will pass us soon if she has not already and her stride will be too great for us to catch her. However, by avoiding traps like Kyoto, and understanding that economic gamesmanship can accomplish a much greater destruction of a nation’s wealth than warfare ever could, perhaps America can once again right its course.
ME: When a reader then asked Clif , “Are you concluding that the US does or doesn't have a prayer in hell of recovering any momentum or GDP growth to nice numbers ever again?” here was his answer:
The remaining debt capacity of any size that is capable of being used to support renewal remains with America's MNC's and they have not yet been incentivized to return home. The capacity for new jobs is contained in our private small businesses but access to credit has been denied to them by our current banking structure. It needs to be bypassed. Our contracted economy remains too risky to hire new employees. Their wages must be subsidized to reduce risks. America continues to allow our trade secrets to leave offshore for a fraction of their worth. We must revisit our private property laws as they pertain to offshore sales and investments. China and other countries continue to bring goods into our country at a net negative benefit to our citizens. An overhaul of our trade policies is needed.
One hundred percent of our federal tax revenues are spent on the three Ms of military, Medicare and Medicaid. It's an abomination of national compulsion that must be reversed. Our deficits will soon trigger a massive run on the dollar; we are that close. We obviously must incur massive cuts in public spending. Public spending cuts of the size needed to reverse course on our debt crisis would trigger a depression without an offsetting spend on the private side, thus the incentivizing of MNCs and dollar shifting from unemployment benefits to employment vouchers that are required for the offset.
These changes are all quite doable and could help avert what will otherwise be America's darkest days ahead. The challenge will be to fill our representative democracy with those that both understand the problems we face and that have the courage to act boldly on them.
ME: And a further comment on the nature of the “Republic”:
As a furtherance of the discussion, a potential villain is that an upgrade to our Republic form of government is required. It suited us well and certainly better than earlier versions of Republic governments before ours had suited their people. However, Madison was right to be concerned. Yet all the protections placed within our federal system may not have been enough.
When asked by a political commentator whether or not he would relax his stance on Medicare and Social Security being off the table as far as debt ceiling negotiations were concerned, Senator Bernie Sanders of Vermont stated today (that was around July 8th) that the vast majority of Americans have stated they want the wealthy to pay more instead of them having to sacrifice to solve the nation’s debt issues. It seems logical that if most are suffering while a privileged few are prospering, that the prosperous may be in some obscure way responsible for others’ misery and that they should be the ones that pull us all out of the economic fire.
When it comes to solving our nation’s fiscal crisis, we are now in the “not in my backyard” stage of negotiations. No-one wants to feel the pain that we will all ultimately endure. The old saying that misery loves company is true for American politics. If any of us are called to sacrifice, we demand to see equal sacrifice by others as well. However, in this early stage of “not in my backyard”, we still are desperately hopeful that the evil doers will be caught and that justice will prevail without any of us having to sacrifice what we all had hoped would be our future prosperity.
Unfortunately, the size and scope of America’s travail is too great for any one American faction to accept full responsibility for its cause or to create a solution through their own efforts. We all must understand our small participation in America’s deterioration in order to rise to the calling for the responsible citizenship that will be required if we are to reverse our nation’s course.
If we cannot dispose of personal responsibility in our quest to blame others for our national predicament, neither can we blame fate itself. For those that say nothing can be done to right our ship of state because it was merely happenstance that placed China in the good fortunes of becoming the next great empire and not some nationalistic conspiracy that created China’s opportunity for preeminence, I would ask, did China’s leadership not conspire to achieve world fiscal dominance? Did America not conspire to achieve world military dominance? Did England not conspire to achieve world colonial dominance?
Do most world achievements occur through mere happenstance or are they the result of the greatest minds of the time conspiring to set the stage for dominating implementation? Interestingly, studies have shown that the difference between individual achievers and the vast majority of lesser men is that achievers create a written plan and then set about to implement it. If that is so for accomplished individuals, would it not be more so for great societies? No, fate is not the purveyor of our misfortune.
Our founders wrote in the federalist papers of their concerns for the eventual collapse of our country when they expounded on why previous republics failed. In creating our newest form of Republic, they studied the failures of others stating that when elites were able to place puppet politicians in the functions of government, their republics failed. While our founders created a system of bicameral government, overlapping terms of the house, president, and senate, shared system of government between local, state, and federal systems, all designed to thwart the overtaking of government by the elite, but they failed to realize the concentration of power that capitalism would eventually afford our elite over our political system as the centuries progressed.
China certainly had a strategy for mining America's wealth but it could not have been exercised if not for the weak underbelly of our political system. That underbelly was the dependence of political leaders on the fortunes of business and banking for their re-elections. This was the incipient crack through which the corruption of our American Republic began, and it is this symbiotic poison that we must now severe if we wish to avoid being dashed against the historical rocks of other failed republics, some of which also were the world’s political giants of their time.

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