3 ms·
It's possible for a rich country to fail. - How Venezuela went from the richest country in South America to a disaster area.[1] - Decline of Argentina.[2] -
by Animats 1y ago
It's possible for a rich country to fail.
- How Venezuela went from the richest country in South America to a disaster area.[1]
- Decline of Argentina.[2]
- Decline of Portugal.[3] Portugal used to be a world power. Yes, Portugal.
- Decline of Roman Empire.[4]
This is a real worry. The US is on that path.
[1] https://www.history.com/articles/venezuela-chavez-maduro-crisis https://www.history.com/articles/venezuela-chavez-maduro-cri...
[2] https://worldhistoryjournal.com/2025/04/02/history-argentina-crisis-complete-guide/ https://worldhistoryjournal.com/2025/04/02/history-argentina...
[3] https://cepr.org/voxeu/columns/cross-gold-brazilian-treasure-and-decline-portugal https://cepr.org/voxeu/columns/cross-gold-brazilian-treasure...
[4] https://en.wikipedia.org/wiki/Fall_of_the_Western_Roman_Empire https://en.wikipedia.org/wiki/Fall_of_the_Western_Roman_Empi...
- ValveFan6969 1y agoAny second now...
- burnt-resistor 1y agoSecular cycles theory. The key is identifying that nothing is written in stone and leadership can reboot the cycle back to stability through sensible and appropriate major reforms, shortcutting without the chaotic, uncreative destruction or arbitrary accelerationist fantasies.