So far it feels like Western europe is becoming a fashion house / museum / resort / rich oligarchs clubhouse for the rest of the world. Which, while may sustain high enough living standards for them for some time, looks tragic to say the least.
10 years ago I'd have said Eastern European spirit may turn the ship around. But today I'm not so sure. It feels like too many people got comfy enough and sign off on Western's idea. The sad part is that we're still pretty poor and that comfiness will be gone even faster. Both in terms of wealth and geopolitics.