It's possible for a rich country to fail.
- How Venezuela went from the richest country in South America to a disaster area.[1]
- Decline of Argentina.[2]
- Decline of Portugal.[3] Portugal used to be a world power. Yes, Portugal.
- Decline of Roman Empire.[4]
This is a real worry. The US is on that path.
[1] https://www.history.com/articles/venezuela-chavez-maduro-cri...
[2] https://worldhistoryjournal.com/2025/04/02/history-argentina...
[3] https://cepr.org/voxeu/columns/cross-gold-brazilian-treasure...
[4] https://en.wikipedia.org/wiki/Fall_of_the_Western_Roman_Empi...