North America does not seem able to assure its population of an increasing standard of living, and Europe is sluggish.
Paris, for instance, is
tired. One feels it is in a time warp of the trente glorieuses, during which it modernised with the help of a concrete-based infrastructure that looks past its best. France has an almost communist air of dilapidation; this is a society that has to run very hard just to stay where it is.