Comments by "Colonel K" (@Paladin1873) on "Zeihan on Geopolitics" channel.

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  4.  @termitreter6545  England has been declining as a world economic power since the end of WWI. WWII was the final nail in the coffin that ensured the sun did set on the British Empire. Arguably by the 1970s the situation was so dire that the country was teetering on the brink of complete economic disaster. Thatcher pulled Britain back from this abyss and changed course away from ever increasing socialism, nationalization, and out of control unions. Her actions provided the Kingdom with a respite, not a panacea. Ronald Reagan was doing much the same thing in the USA around the same time period. But neither leader could eradicate the policies and programs their predecessors had spent decades enacting and expanding. Reagan could not get Congress to balance the budget. The most he achieved was to temporarily slow the rate of spending increase. America has not managed to balance its budget or end deficit spending in over half a century and the situation has steadily gotten worse. We have programs such as Social Security that are underfunded and over-tasked with responsibilities never originally envisioned, yet we keep kicking the financial can down the road. You can blame any leader you like, but the truth is they are all culpable to varying degrees, as are the people who elect them. Whenever the voters allow their government to grow and assume greater responsibility for what was formerly a personal or local issue, this will inevitably be the result, regardless of political philosophy. The primary difference I see between the US and the UK is that in the USA we have several significant advantages thanks to our size, geography, natural resources, and climate. Few countries come close, but even those that don't are still capable of having viable and vibrant economies if they are industrious and operate within their means. When they don't, they become failed states like Venezuela and Zimbabwe. It can happen anywhere. You can blame past leaders for your plight, but it really comes back to a willing populus that allowed the situation to arise in the first place. As Reagan so elegantly put it, "Government is not the solution to our problem, government is the problem."
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