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The US is not a serious country

John Quiggin · 13 Sept 2026

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. But the US is not a serious country.
  2. But it is running down its capital at a startling rate, and there is no real sign of things turning around in time.

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