I live in Germany, which by some accounts, is the third largest economy, and we have literally no answer for what is next, economically. Neither in the public nor private sectors. Nobody is investing, nobody is building new things, nobody even knows what to do next. But the story is the same throughout Europe as far as I can see. All industries hope to keep selling the same old shit. But the 3rd world is catching up. They can manufacture goods that are just as good, and for much cheaper. Heck, some can even do it cleaner too, since they have access to cleaner energy sources. But we also have no real 21st century income streams.
It looks to me as though, only the US and China are undertaking really innovative projects.
Is my reading of the situation flawed? I would love to have your input.
I can’t see what you see about the US. China yes, but the US has been circling the drain for some time now and getting increasingly desperate to cling on to global hegemony, but it’s slipping through their fingers.
The US has placed its assets in key leadership positions in Europe in order to stifle its growth and sell its states’ assets to American oligarchs. This is for example the root cause of all of the housing crises across Europe. Destroying any chance of European energy independence by its terrorist attack on NordStream forces industry to move to the US for cheaper costs of doing business. Its war in Ukraine has resulted in the state being massively in debt to the US as well as having its land stolen and sold to American oligarchs. The next stage of the plan is to get Ukraine into the EU to have European taxpayers foot the bill.
The US will finally fall when its currency loses its place as the world’s canonical medium of exchange. After that, this soft enslavement will become a much worse hard enslavement.