100 years ago Argentina was one of the wealthiest countries in the world.
It was "so big and had so much wealth and productive capacity".
https://theeconomicstandard.com/argentina-from-rich-country-to-poor-country/
Socialism and the political instability it brings can destroy a country.
Read about what happened in Argentina and see if you don't see familiar things happening in the US today.
Yeah, I hear what you're saying. I just don't think the US will go down the path that far.
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