[Our credit card has no limit. It’s right there in the Constitution. Section 4 of the 14th amendment. ]
Whereas Russia is basically an ice-bound Saudi Arabia, despite an excellent resource base in terms of both mineral wealth and human talent. The pity is that it has been ruled by self-serving tyrants for the last century.
In my lifetime, we've gone from being the largest creditor nation on earth to being the largest debtor nation. And yet we not only haven't cut back on spending on frivolities, we're shoveling the money out the door faster than ever.
I don't know if or at what point it ends, but I suspect that there will eventually be a reckoning. I'm glad I'm old enough that it probably won't happen in my lifetime.
I read an interesting book one time, "1177 BC, The Year Civilization Collapsed" by Eric Kline. As I recall, his contention was that it was the interconnectedness of the major civilizations at the time that led to the collapse of so many all at once. Whether he's right or wrong, just the inconveniences due to supply chain issues fairly recently has got me thinking about that again.