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The idea that the Unites States is going to drop out of the highest income and development categories in the next fifty years is far-fetched. Any catastrophic affects to the U.S. economy would also likely affect the global economy. And even if absolute economic development slowed down across the world, the relative position of the United States would remain roughly the same.
This 100% percent. I agree that the USA is in for some really tough times ahead. Bankruptcy (i.e. hyperinflation), wars, major political upheaval, and long depressions.
So what? The rest of the world is gonna suffer anything the USA suffers or greater. When Rome fell, it wasn't like the rest of the world picked up the slack and started making a good living for everyone. It was called the dark ages for a reason.
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