Britain is the first Deëmerging Economy in the world. A clever investment bank macro analyst like Jim O'Neill should lean into this. Counties like India and Vietnam and China are rapidly emerging, Britain is demerging: becoming a low trust, low wage, low productivity, low tech economy, with middling living standards, higher levels of political instability and social unrest, poor and patchy public services and infrastructure, regular fiscal crises, and institutions that increasingly look unfit for 21st Century governance. There's bound to be loads of data on this. Investors would no doubt lap up a research note that looked at the investment connotations of this switch. Where can money be made in a Deëmerging Economy? Low value-add manufacturing? Resource extraction? Foreign companies willing to offer technology transfer? Startups that might be bought by foreign companies that can provide them with capital? The one or two world class industries left, they will undoubtedly gain outsized prestige and influence? Private services that allow the dwindling numbers of middle class to escape the horrors of public healthcare and education? @philippilk @John_Mills_JML