the decline of the west.
Crisis brings change. 20 or 30 years ago, when any country has economic problems, high debt or need for investment, they turned to the US or any of the European superpowers for aid. A week ago, Europe turned to China to seek investment to aid in their fragile economy. 30 years ago the average European was 15 times richer than the average Chinese, them being 2.2% of the world’s economy. By 2016 they should be the 18%. What happened then, for this shift? When European settlers came to the US, they became richer than the Asians for the following reasons:
- Competition- Europeans came from an environment that was competitive. Historically the feudal systems, monarchies, kingdoms that demanded and competed for resources, land, people, villages. These systems were the ancestors of modern corporations .
- Science- The biggest breakthroughs and discoveries were made in Europe.
- Rule of law and representative government- The establishment of private property and a system of representation that included business owners and the rich.
- Modern Medicine- Both Europe and America made health care innovations.
- Industrial revolution- brings a working class, and created a consumer society of good and services.
- Work Ethic- A combination of extensive and intensive labor for wealth accumulation through savings. The main reason immigrants came to America was to pursue a dream of freedom, growth and work.
The main reason for decline is the abandonment of these principles. Ask how many hours does a Japanese, Korean work? How about school? how many days and hours? Compare that to the average American, how has the education system failed to address issues to save our youth and prepare them for a changing world? the same with colleges. A broke health system affordable only to a few. Let’s also compare the architectural wonders of the East, while other countries are growing and renewing their infrastructure we see a deterioration of the American, old buildings, roads, collapsing buildings. A better proof? If you are one of the maybe 0.01% of millionaires today, how would you use your money?
You might save it on a foreign bank.
You might buy Italian shoes, British suits.
You would drive a Lexus, Toyota maybe a Mercedes.
You would hire an immigrant gardener, maid, cook, driver.
Your TV or flat screen would be Chinese made.
You would drink French or Italian wine.
You vacation would be in an exotic Pacific resort.
Things to think of…….




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