A recent global economic research published in FX Trader Magazine studies the various parameters and trends which converge to the conclusion that our industrialized civilization is currently entering a period of decline. The analysis of funamental data such as inflation adjusted S&P earnings, global broadband penetration, literacy and education rates, shows that we are entering a new economy which is not connected to the previous 100 years at all, and no longer follows rules of logic and order. Things that simply should not happen are happening on a regular basis. Today, anomaly is the norm and all of our recent advancements are simply man burning a big oil-fire .
Modern humans take pride in themselves and their society due to its perceived superiority. It is contrasted most starkly with a period in Europe known as the Dark Ages, a period of little documented innovation, writing, scientific discovery, and general backwardness.
The Dark Ages is a term referring to the perceived period of cultural decline or societal collapse that took place in Western Europe between the fall of Rome and the eventual recovery of learning. Increased understanding of the accomplishments of the Middle Ages in the 19th century challenged the characterization of the entire period as one of darkness. Thus the term is often restricted to periods within the Middle Ages, namely the Early Middle Ages, though this usage is also disputed by most modern scholars, who tend to avoid using the phrase.
During this time, little changed, the economy stagnated, small wars were fought, and disease spread. Sound familiar? (Swine Flu, Credit Crisis, Iraq / Afghanistan). What has changed in America in the last 10 years? We hear about advances in science and discoveries happening every day, how has this been implemented or impacted our daily lives? As an example, computing has advanced by leaps and bounds, 128-bit Cell processor technology enables supercomputing for the masses. Yet the total broadband penetration in the US is falling behind 20 nations including Estonia . America is not being singled out, but as a leader, it is unique in its class. If we didn't use USA like an example, it could be argued that change is happening in China. In fact what they are doing in the rest of the world is "Americanizing" about 20 - 30 years behind the US.
Why is this significant? Because the internet was invented, designed, and implemented originally in America. Making a statement about being a leader in innovation, cannot be rebuked without hard data such as broadband penetration. It is known for a long time that the US educational system has fallen behind many countries. But it is still thought, to a large extent, that the US is a leader of innovation. Why then, is the broadband penetration declining for the first time?