Right look at China now with their megastructures and mega-debt.
Empty cities relatively speaking and massive wealth outflows.
We know how to do debt right. lol.
Anyway to paraphrase Mark Twain "The reports of our (USA) death are greatly exaggerated."
not much a mark twain fan but fitzgerald is a must read, greed and emptiness of american dreams, in the last 20's and even 100 year later, the same.
“In my younger and more vulnerable years my father gave me some advice that I’ve been turning over in my mind ever since. ‘Whenever you feel like criticizing any one,’ he told me, ‘just remember that all the people in this world haven’t had the advantages that you’ve had.’”