where now for the U.S

As a European observer, the U.S has seems ever more dangourously polarised, there appears to be a new epoch, of state minimalism vs state interventionism. This is not an ideological struggle as some observers would like to portray, but more what relationship should the people have with a state (social fabric itself remains the same) neither side is revolutionary, and yet there is a certain danger if the U.S chooses badly on how to progress in the 21st century.

Some how a social and political narrative is being shaped that the economic ruptures of the last 3 years were a result of state not market failure, the flagship of this narrative is the tea-party movement and a resurgent Republican party. Thier answer to the current economic ruptures is not to restrain market forces but to set them free, and constrain state behaviour to a bear minimum.

This could be a catastrophic mistake, history over the last century has demonstrated that whilst markets have never been free per se, the freer they are the more volatile they become and the greater risk they have of destabilising economies.It seems shocking that this narrative has taken a hold.

The last 3 years should have been a galvanising moment for the left and those groups and indivudlas who which to constrain capitalism to push for and change the direction of the political economy of their societies.

Yet many indicators such as the mid term elections demonstrate an utter failure in this regards and now it seems any state initiative has been paralysed at least until the next presidential election.

The U.s still believes that its greatness, wealth and prosperity was created by the entrepreneurial spirit and capitalism, yet this is a myth, when the U.S was set on the past of becoming a true superpower both economic and political it was in both case because of and not in spite of state guidance and activism.

The U.s more than at any time needs a strengthened state apparatus to fix the damage down by the dark side of capitalism ,the panics, manias and crashes of the financial markets, speculation and bubbles. If they neglect and ignore the state to regulate , constrain and promote a more equitable society they do this at their peril.