Comment by indubioprorubik

As you denindustrialize, your normal working class population rebells - demanding its lifestyle to remain untouched- thus subsidized by the state. So the state either prints money costing the world (us-model) or it prints money- costing the future. As this happens and future generations get poorer- the idea to lend from foreign "investors" which then take over your country becomes the default solution - until you are a debt colony, owned by those lending you money.