The great lie of a stalled global economy
From: americanthinker.com
Perhaps the greatest deceit peddled on publics across the West is that the global economy is struggling. It is not.
A classic example of the incorrect information being disseminated is the following claim from an article by Doug Saunders in the Globe and Mail:
While far too many bright conservatives spend their time arguing about transsexuals in washrooms, the political left has increased its hold on the bureaucracy, the academy, and the media – all for the purpose of being able to sell its false claims of no global growth.
And why do leftists do this? Because the liberals know they are economically incompetent, and to keep the public from electing more talented individuals, the public must be convinced that the economic malaise they are experiencing is some global phenomenon, when it most certainly is not.
What the West has become is an anti-meritocracy: the more talented you are, the less likely you are to be placed in a leadership role, and vice versa. To maintain the incompetentocracy takes continuing propaganda about the mythical global difficulties.
Yet anyone who has traveled abroad understands the false nature of the tale. Most of our cities, and especially our public infrastructure, are a dump compared to many locations in the so-called “emerging” economies. We waste scarce public resources on social expenditures; the rest of the world actually creates wealth.
The establishment right is in collusion with the left on this. The GOPe, as it is now referred to, simply isn’t interested in broad-scale wealth creation within the West. Its globalist financial backers are making too much money off their factories overseas to care what happens here. And that is why you read so little true critical analysis of actual economic trends in the mainstream media and among the conservative establishment’s outlets.
Since 2010, the average annual rate of growth in global per capita GDP has been 1.6%. The average since 1980 is just 1.3%, and over this time the trend line is upward toward increasing growth rates, not down.
The same applies to global GDP growth, which also demonstrates an upward trend line since 1980, only improving in the future according to IMF projections. The average rate of annual growth in the world’s GDP during the past 35 years has been 3.46%. Since 2010, it has averaged 3.8%.
Economic times are better than ever before – unless you live in the West under the incompetentocracy.
