The fall of Empires cannot even be prevented, and the British was the biggest empire to fall. China's dynasties came and went, no matter how powerful, just like the grandeur of the Manchus, or Qing Dynasty. Hitler and Napolean thought they could defeat anyone with their military prowess but fell at the feet of the weaker former Soviet Union. When normal human effort fail or cannot defeat them, God and nature gave a helping hand.
Some empires fall for various reasons. Arrogance, corruption, lack of economic resources, unable to contend with opposition internally, underestimating enemies externally and always believing in the myth that it is the privilege of one race being here to rule over all others. They fail to remember that men proposes but God disposes. Never try to use the name of God to control others, because God may vent his anger over such distortion.
Huawei's top chip scientist is now warning of chip limit that Nvidia will soon face. I think Jensen Huang is well aware of that day coming, listening to his espouse. And that will add to the mantra that even businesses are not spared the effect of 'Moore's Law'. In this case new developments will see to the demise of old technology and old-style businesses. Just look at how many global giants have fallen into bad times or nothingness - Kodak, Japanese camera makers, Japanese electronics giants like Sony, Panasonic, Akai, Sansui, Nakamichi and others all now lost at sea.
Anonymous
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The USA Empire was built on the assumption that it will last forever. The USA's forefathers who masterminded the system, thought that the USA hegemony will never fall just by building up a massive military to protect it and controlling the world using its US$ hegemony tied to the oil trade.
That assumption did not figure into the USA incurring runaway deficit spending, chalking up debts to the tune of US$39 trillion and impossible to pay back. Oh yes, the USA is still in denial about the falling demand by countries to buy its debts. Sure, two thirds of USA debts are carried internally in the books of USA pension funds, hedge funds, big banks and even the Federal Reserve. Imagine the Federal Reserve buying up huge chunk of USA debts itself, basically the right hand borrowing from the left hand. Can this really be sustained?
The system is surviving on ICU, and every effort is made to ensure it does not collapse. Any collapse of the USA's ability to fund its debt, with interest payments now exceeding US$1 trillion alone, is going to, realistically, bring the USA back to the stone age. How much more interest can the USA afford to pay as the debt continues to rise? Any default by the USA means pensioners will find their retirement funds wiped out, investors in hedge funds will find themselves clutching at toilet papers, depositors in big banks will find their money turned to dust and property prices will tank which will decimate most banks.
Of course, with all the financial wizards holding the reins of the USA's purse string, nothing of the kind that I am talking about is going to happen. They still claim that the debt ceiling will always be extended till kingdom come. Let us hope the kingdom holds the pieces together long enough. As the saying by Abraham Lincoln goes - you can fool some of the people all of the time, and all of the people some of the time but you cannot fool all of the people all of the time.
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