Mark Steyn

AFTER AMERICA

Get Ready for Armageddon

^PROLOGUE

THE STUPIDITY OF BROKE

There is the moral of all human tales;

’Tis but the same rehearsal of the past,First Freedom, and then Glory—when that fails,Wealth, vice, corruption—barbarism at last. —Lord Byron, Childe Harold’s Pilgrimage (1812–1818)

The sun’ll come out tomorrow

Bet your bottom dollar

That tomorrow there’ll be sun

—Charles Strouse and Martin Charnin, Annie (1977)

Previously on Apocalypse Soon…

It was the worst of times, it was the not quite so worst of times.

The predecessor to this book was called America Alone: The End of the World as We Know It, and, given the title, you may be tempted to respond,

“C’mon, man. You told us last time it was the end of the world. Well, where the hell is it? I want my money back. Instead, you come breezing in with this season’s Armageddon-outta-here routine. It’s like Barbra Streisand fare-well tours—there’ll be another along next summer.”

Well, now: America Alone: The End of the World as We Know It was about the impending collapse of all of the western world except America.

The good news is that the end of the rest of the West is still on schedule.

The bad news is that America shows alarming signs of embracing the same fate, and then some.

Nobody writes a doomsday tome because they want it to come true.

From an author’s point of view, the apocalypse is not helpful: the bookstores get looted and the collapse of the banking system makes it harder to cash the royalty check. But Cassandra’s warnings were cursed to go unheeded, and so it seems are mine. Last time ’round, I wrote that Europe was facing a largely self-inflicted perfect storm that threatened the very existence of some of the oldest nation-states in the world. My warning proved so influential that America decided to sign up for the same program but supersized.

Heigh-ho.

It starts with the money. In “The Run Upon the Bankers” (1720), Jonathan Swift wrote:

A baited banker thus desponds,From his own hand foresees his fall,

They have his soul, who have his bonds;’Tis like the writing on the wall.

A lot of writing on the wall these days. Who has the bonds of a “developed world” developed to the point that it’s institutionally conditioned to living beyond its means? Foreigners with money. So who’s available and flush enough? The Chinese Politburo; Saudi sheikhs lubricated with oil but with lavish worldwide ideological proselytizing to fund; Russian “businessmen.”… These are not the fellows one might choose to have one’s bonds, never mind one’s soul, but there aren’t a lot of other options.

So it starts with the money—dry stuff about numbers and percentage of GDP. As Senator Michael Bennet of Colorado fumed to a room of voters in 2010, “We have managed to acquire $13 trillion of debt on our balance sheet. In my view, we have nothing to show for it.”¹

He’s right—and $13 trillion is the lowest of lowball estimates. But why then did Senator Bennet vote for the “stimulus” and ObamaCare and all the other trillion-dollar binges his party blew through? Why did Senator Bennet string along and let the 111th Congress (2009–2011) run up more debt than the first one hundred Congresses (1789–1989) combined?² Pan-icked by pre-election polls into repudiating everything he’d been doing for the previous two years, the senator left it mighty late to rediscover his virtue.

You would think that Colorado voters might have remembered that, like Groucho Marx apropos Doris Day, they knew Michael Bennet before he was a virgin. Alas, an indulgent electorate permitted the suddenly abstemi-ous spendaholic to squeak back into office.

And, contra Senator Bennet, eventually you do have something to show for it. It starts with the money, but it doesn’t stop there. It ends with a ruined and reprimitivized planet, in fewer easy stages than you might expect.

Let’s take a thought by the economist Herbert Stein: If something cannot go on forever, it will stop.³