For a long time, early industrializing countries were absorptive. They were endlessly able to absorb new labor inputs to keep expanding. This was both an economics and a worldview. Here in the United States, we have the Statue of Liberty sitting in the harbor in New York, which says in huge letters, We stand for absorptive capital. A poetic version: "Give me your tired, your poor, your huddled masses. " But what it means is, Come here, we'll absorb you. We absorb these inputs and add them to our growing economy, and we manage this with liberal democracy.
When a government lasts a long while, it deteriorates by insensible degrees. Republics end through luxury, monarchies through poverty.