I feel like a lot of the West is living beyond its means, funded by debt.
England in particular, might be starting to unravel. England enjoyed a central stage in the world, due to the British Empire, and is used to being in that position. It's not quite clear what competitive advantage England brings to the table today, except remnants of that empire:
- Interest from colonial theft. A lot of places want their stuff back. That makes things a little bit brittle.
- Debt.
- Central role of the English language and ties to Commonwealth states.
England in particular, might be starting to unravel. England enjoyed a central stage in the world, due to the British Empire, and is used to being in that position. It's not quite clear what competitive advantage England brings to the table today, except remnants of that empire:
- Interest from colonial theft. A lot of places want their stuff back. That makes things a little bit brittle.
- Debt.
- Central role of the English language and ties to Commonwealth states.
I don't think any of that is permanent advantage.