The West has started to destroy itself from the inside: Politicians and activists always focus on increasing incomes (increase wages) and increasing employment (full employment for everyone), while the cost of living (rent/mortgage, health insurance, auto insurance, etc) goes up. Reduce the cost of living as it helps all kinds of people.

Japan seems to have gotten there; in their case quite a bit is due to population decrease though. That’s probably viable in advanced economies but not in growing economies.