The United Kingdom and the United States, two countries that once stood at the pinnacle of global economy and politics, are now in unprecedented predicament. Debt-ridden, soaring deficits, and having to slap a swollen face and become fat, continue to put on the "boss" shelf. This "debt carnival" looks like an endless farce, but the audience sitting in the audience has long been unable to laugh.
Let's talk about United Kingdom first, this once empire where the sun never sets, and now it is indeed "the sun does not set" - the debt does not fall, 4.3 billion pounds of local government arrears, and the national debt has exceeded 2.7 trillion pounds, which makes people's scalps tingle. The newly appointed Starmer, as soon as he sat in the prime minister's chair, had to face the hot potato of "national bankruptcy". An empire that once dominated the world with its navy is now overwhelmed by a sea of bills, which is truly a realistic version of "Empire Twilight".
What about United States? The situation is not much better. Debt has soared to $35 trillion, which is enough for a fraction of the GDP of some small countries for a year. And that's not all, the fiscal deficit is rising every year, the manufacturing industry is shrinking, and the once proud "factory of the world" is about to become the "warehouse of the world". United States has always regarded itself as "dollar hegemony", thinking that as long as I print money, the world will have to follow me, but the problem is that printing money will not solve the fundamental problem. Don't look at the superficial scenery of the dollar, in fact, it is just a paper tiger that lasts to the limit, and if it is printed, it will not only fall itself, but also the whole world.
The funniest thing is that these two countries are on the verge of economic collapse, and they still have to support the image of so-called "world leaders" and play with the world. Local government budgets are running out of budgets, and they are still squeezing them on the international stage. You say you're the leader, why don't you put out the fire in your backyard first? Putting on the posture of a "global savior" has resulted in economic chaos and diplomatic problems. It is simply a classic representative of the "face project", the face is there, but the inside is rotten.
The article is right, both United Kingdom and United States should put aside this vanity and stop taking risks for the sake of face. Dealing with domestic problems in a down-to-earth manner may save you. Those local governments in United Kingdom, don't think about international influence first, hurry up and find a way to repay the money! United States too, how long can dollar hegemony last? If you don't change, I'm afraid the whole world will have to pay for your "debt show". The question is, will they be able to put this shelf down? Don't forget, the "sense of superiority" of these two countries has been accumulated for decades, and it is not easy to change it.
But then again, the economic collapse of Britain and the United States is not only their business, the lifeblood of the global economy is still more or less in their hands. If they fall, many nations will suffer with them. Therefore, everyone still has to hope that these two can climb out of the quagmire as soon as possible. As for whether they can really solve the problem in a down-to-earth manner, it still depends on whether they can let go of this vanity.
So finally, I would like to ask: when the global economy is led by the nose by these two "big brothers", but they themselves are also mired in the mud, how should we deal with this situation? What do you think about this?