We need a new term for countries like Russia, the UK, the transition that the US (and soon to be China) is in/ has been going through since around the 90’s. Its more like a ‘failure to launch’ first world country issue. They had everything they needed to move into a more post-scarcity style economy like much of developed Europe and some SEA countries, but failed to stick the landing, largely as a result of internal politics and right wing radicalism and extremism/ corruption in market capitalism. At the same time there are plenty of countries who have landed on a good mix of social policies that ensure most of every one gets a mostly fair crack at life, while at the same time allowing for enough flexibility and freedom of choice in their economies, so its clearly not an inevitability. I’m also not convinced that these countries can’t make it out to a more reasonable state after a period of trouble.
We need a new term for countries like Russia, the UK, the transition that the US (and soon to be China) is in/ has been going through since around the 90’s. Its more like a ‘failure to launch’ first world country issue. They had everything they needed to move into a more post-scarcity style economy like much of developed Europe and some SEA countries, but failed to stick the landing, largely as a result of internal politics and right wing radicalism and extremism/ corruption in market capitalism. At the same time there are plenty of countries who have landed on a good mix of social policies that ensure most of every one gets a mostly fair crack at life, while at the same time allowing for enough flexibility and freedom of choice in their economies, so its clearly not an inevitability. I’m also not convinced that these countries can’t make it out to a more reasonable state after a period of trouble.
0-1 world countries?