I long had a theory that whole model of disruptive technologies also applies to countries. First they get rid of their low value jobs to cheaper providers abroad, but that's fine. Then those people take the next layer, and that's fine, then they use the finances to take all but the highest value stuff. All that is left is lawyers, money-men and politicians with no real productive assets. Then the incumbent collapses.
Prviate equity and lending is just a step before the crash IMHO