'How the Mighty Fall' by Jim Collins

"How the Mighty Fall" by Jim Collins
远古的风 于 【文学城】的〖古风无痕〗博客 2011-03-06

Book highly recommended: "How The Mighty Fall" by Jim Collins
http://www.amazon.ca/How-Mighty-Fall-Jim-Collins/dp/0977326411
http://www.amazon.com/How-Mighty-Fall-Companies-Never/dp/0977326411

The 5-stage decline identified by Collins:
Stage 1 - Hubris (Excess Pride) Born of Success. (Clinton Years)
Stage 2 - Undisciplined Pursuit of More. (1st-term Bush Years)
Stage 3 - Denial of Risk and Peril. (2nd-term Bush Years)
Stage 4 - Grasping for Salvation. (1st-term Obama Years)
Stage 5 - Capitulation to Irrelevance or Death. (Unfolding...)

If you apply Collins's thesis to the current (and past) US affairs, you will know that the US is at Stage 4 now. After reading the following articles, you will further know that Stage 5 is near for the US.

Peter Schiff: The US Debt Owned by China
http://www.youtube.com/watch?v=NkEtArDFNYA
http://news.wenxuecity.com/messages/201002/news-gb2312-1027500.html
http://bbs.wforum.com/wmf/bbsviewer.php?trd_id=57012
http://bbs.wforum.com/wmf/bbsviewer.php?trd_id=57009
http://bbs.wforum.com/wmf/bbsviewer.php?trd_id=57006
http://www.project-syndicate.org/commentary/rodrik38/Chinese

Taiwan's inevitable decline caused by democratic poison:
http://bbs.wforum.com/wmf/bbsviewer.php?trd_id=57132