Unassimilated immigrants and social benefits galore.
Maybe our fate is predestined and part of the natural decay of every civilization?
Link: https://x.com/elerianm/status/1975205699799150860
As Dalio says re D.C., the two parties are rowing the boat into the rocks...they both know they need to turn, but they've promised their constituents they won't compromise, so, the rocks it is! That seems to be what is happening in France. UK is up next, then the US.