Yes, the world is a mess -- but there is a long-run solution.

Most countries, including those with the biggest economies, are plagued with slow growth and rising, unsustainable debt burdens. The slow growth is in large part a result of excessively large government sectors -- with taxes, regulations and spending far beyond the optimal.

And the rise in debt increases the pressure for more taxes, which slows growth even further and thus fuels the demand for even more government spending to take care of the growing numbers of those "left behind" (because of the lack of growth). This is an economic death spiral.

Citizens in many countries, including the United States, feel they have lost control of their own governments -- because they have.

They no longer think they are masters of their destinies. Large centralized government, by its nature, becomes uncaring at best, and brutal and oppressive at worst. The movement for secession in Scotland was a cry to regain control.

There are secession moments all through Europe, as well as the rest of the world. A few examples:

No, this isn't a rant about Joe Biden's intellect. In fact, if not for the nerve-wracking elections coming up next week, I wouldn't be making a political allusion at all. But I do want you to notice, right now, how you feel when you think about the political situation.

If you're feeling anxious, and anticipating a great relief if things go our way, that is of course reasonable and logical, given the stakes.

But the feeling sense - the sensation in your body of stress and anxiety when you feel the urge to check the polls, or linger too long surfing the web for hopeful news stories; coupled with the anticipation of relief or reward when you find some good news, and a great compulsion to go toward that reward - is your rat brain at work.

Here's how you can be in control of your rat brain, rather than it being in control of you.

The difference was made gin-clear by a recent editorial in the International Herald Tribune, wholly owned by the New York Times, sneeringly entitled The Nanny State?

The difference is this:  A bank robber doesn't claim he has a moral right to steal your money.  A bank robber doesn't claim his thievery makes him the moral superior over his victims.

Liberals do - which makes them far more immoral than common criminals, thugs and thieves. 

According to the IHT, "The United States has long had one of the most meager tax takes in the industrial world [at least they call it ‘take,' as in ‘theft'].  America's social spending [i.e., welfare programs] is almost the stingiest among industrial nations."

Such meager and stingy theft is condemned as a "moral outrage," a contemptibly "tightfisted" approach to "public needs."

It is liberal thievery that is the moral outrage - and we have a Congress in Washington run by such thieves because too few conservatives have the courage to denounce the criminality.

Ten or fifteen years ago, when you looked at the cars on the road, how many Hyundais did you see? How many Hyundais do you see now, driven by buyers who wanted a "good enough" car for a reasonable price? 

Back in my April 4/14 Half-Full Report, I referred to a nascent "Hyundaization" (hun-dye-zay-shun) trend in the global defense market.  Even now, few people have noticed this.

Hyundaization has been masked by spending from high-end customers who only want top-end gear, and by global fire sales of used Western equipment. As an example of those fire sales, many of the Jordanian F-16s bombing ISIS right now recently belonged to the Dutch and Belgian air forces.

After a decade of those sales, however, there isn't much second-hand equipment left to sell. That's opening the door to new buys from new sources. A combination of technology trends, industrial policies, and a multi-polar global shift will give this trend staying power.

This is a sea change on multiple levels.  "Hyundaization" is going to have profound diplomatic, military, and industrial consequences.  Let's talk about them.

Hong Kong.  Why is Hong Kong succeeding while New York City is receding?

They are both world-class cities with about the same per-capita income and great natural harbors. New York is about 15 percent larger in population, while Hong Kong is about one-third larger in area (but unbuildable because of the steep terrain). Both have large immigrant populations who are seeking better lives.

Last week, I explained how much of Hong Kong's success was a result of it having the freest economy in the world, with low levels of government spending, low tax rates, a minimum of government regulation and the rule of law. There is more.

Hong Kong, like Singapore, South Korea, Chile and Switzerland are aspirational societies, rather than societies consumed with envy, like France. Work, saving and investment are not punished in aspirational societies, and there tend to be less social conflict and a higher level of civility.

(It was U.S. venture capitalist Terry Anker who first used the term "aspirational society" to describe Hong Kong during our meetings in this glorious city this past week. It is a more inclusive term than "opportunity society" that Newt Gingrich and Jack Kemp frequently used to describe their vision for the United States.)

The United States used to be an aspirational society, but has increasingly become an envious society.