The UnHerd article is good. One fact people forget about the Roman Empire is that it ran a huge trade deficit with China. Roman upper classes, especially women, loved silk, which of course came from China via the Silk Roads. Unfortunately the Chinese didn't buy as much back from the Romans, so there was a huge drain of money Eastwards until the Romans were able to make silk themselves.That's true, but they compiled a pretty good list of historically accurate characteristics of such falling empires of the past, I linked them mainly for that. Instead of writing it all here, people can just go and check them there themselves and see if they match with present-day America.
"During the 1st century BC silk was still a rare commodity in the Roman world; by the 1st century AD this valuable trade item became much more widely available. In his (77–79 AD), lamented the financial drain of coin from the to purchase this expensive luxury. He remarked that Rome's "womankind" and the purchase of luxury goods from India, Arabia, and the Seres of the cost the empire roughly 100 million per year, and claimed that journeys were made to the Seres to acquire silk cloth along with in the . Despite the claims by Pliny the Elder about the trade imbalance and quantity of Rome's coinage used to purchase silk, Warwick Ball asserts that the Roman purchase of other foreign commodities, particularly , had a much greater impact on the Roman economy. In 14 AD the issued an edict prohibiting the wearing of silk by men, but it continued to flow unabated into the Roman world. Beyond the economic concerns that the import of silk caused a huge outflow of wealth, silk clothes were also considered to be decadent and immoral by :
I can see clothes of silk, if materials that do not hide the body, nor even one's decency, can be called clothes ... Wretched flocks of maids labour so that the adulteress may be visible through her thin dress, so that her husband has no more acquaintance than any outsider or foreigner with his wife's body.
— Seneca the Elder c. 3 BC – 65 AD, Excerpta Controversiae 2.7
Edit: This is interesting too:
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