Sorry in advance.
The 20th Century saw the demise of Communism and Fascism. The 21st Century's Socialist/Capitalist systems are crashing in Europe and N America. Technology and innovation are the only successful models that keep everything afloat.
Everyone is on the government breast. Corporations and banks take bailouts, individual citizens take handouts, corruption succeeds while honesty fails – within business, industry and welfare programs. Small business struggles against giant companies who "boa constrict" them. We're becoming a Banana Republic.
In the USA:
"Debt to the Penny" (searchable phrase) as of 07/12/2012:
Debt Held By The Public : $11,066,746,703,446.63
Intragovernmental Holdings : $4,804,765,478,265.57
Total Public Outstanding : $15,871,512,181,712.20
Congress sits back and watches. Obama sits back and watches. Americans sit back and listen to the same "Good Cop/Bad Cop" routine by the parties. Arguing about minute and divisive details.
When will we learn that we created this monster? All elected leaders, in both Executive and Legislative Branches are derelict in their duties. Both Parties have contributed to massive debt, debt that is growing every minute.
The high school class of 2012 is already in debt before they even get a chance to contribute. Claims of budget surpluses in the 1990's are lies blurring the difference between "Deficits & DEBT".
Corruption within well intended social/welfare programs, corruption within corporate welfare programs, poorly executed military endeavors that dull the blades of our swords, with no solid exit strategy. (Yet the Soldier performs the duty honorably with one arm tied behind his back).
The average American is lost in the morass, trudging along, each step tougher, struggling to keep the only pair of shoes he has left, out of the muck.
Meanwhile, on Capitol Hill, special interests line pockets, reelection cronyism; enjoying a health insurance program unlike the rest of Americans, a sweet retirement program unlike the rest of Americans, trading in the markets with privileged information – portfolios grow richer as the rest of Americans' grow poorer; upon retirement politicians get jobs working for the special interests that got them elected. It's the sweetest deal on the planet, working on Capitol Hill.