Seems to be so.
1. A risk-taking elite explores far lands, establishes bases there, eventually asset strips and plunders them, uses the wealth and riches to improve its technology which gives it dominance for some time.
2. Eventually it becomes weak since its takes it top dog position for granted, its workforce becomes soft and pampered and cannot compete.
3. It turns in on itself and becomes right-wing and intolerant. The right wing demagogues make noises about national renewal.
4. The country becomes insular and closed to foreign influences.
5. Innovation and technology wither, the country loses its prosperity.
6. It becomes more right wing and even more closed to foreign influence. Politcial unstability is rife.
7 Eventually democracy is reestablished, by this time the country has lost all its power.
Happened to the Greek, Moorish, Portuguese and Spanish empires.
We are now starting Stage 3.
1. A risk-taking elite explores far lands, establishes bases there, eventually asset strips and plunders them, uses the wealth and riches to improve its technology which gives it dominance for some time.
2. Eventually it becomes weak since its takes it top dog position for granted, its workforce becomes soft and pampered and cannot compete.
3. It turns in on itself and becomes right-wing and intolerant. The right wing demagogues make noises about national renewal.
4. The country becomes insular and closed to foreign influences.
5. Innovation and technology wither, the country loses its prosperity.
6. It becomes more right wing and even more closed to foreign influence. Politcial unstability is rife.
7 Eventually democracy is reestablished, by this time the country has lost all its power.
Happened to the Greek, Moorish, Portuguese and Spanish empires.
We are now starting Stage 3.
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