Why the decline of the West is best for us - and them

Description

The decline of the West is due to poor saving and the decline of the family. Why are we in a rush to go the same way?. Ten years ago, America had Steve Jobs, Bob Hope and Johnny Cash. Now it has no Jobs, no Hope and no Cash. Or so the joke goes. Only, it's no joke. The line is pretty close to reality in the US. The less said about Europe the better.Both the US and Europe are in decline. I was asked by a business channel in 2008 about recovery in the US. I mentioned 40 quarters and after that I was never invited for another discussion. Recently, another media person asked me the same question and I answered 80 quarters. He was shocked since he was told some "sprouts" of recovery had been seen in the American economy. Read more at: https://www.firstpost.com/world/why-the-decline-of-the-west-is-best-for-us-and-them-104882.html

Publication Date

11-10-2010

Publication Title

First Post

Publisher

Network 18 media conglomerate

Keywords

Economics, Economic development, Foreign investment, Social security, Financial system, Culture

Source Link URL

https://www.firstpost.com/world/why-the-decline-of-the-west-is-best-for-us-and-them-104882.html

Link to Full Text

Share

COinS