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More U.S. corporate and individual tax cuts would help change that.
Yeah, and within a year we would slump off again just like with first cut. It was a temporary boost to the economy, it was not a sustainable solution.
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We are a super power but if we keep pissn off our friends we will lose that advantage. Say they start being BFF to China ? They trying to buy Central America. Like it or not we need our buddies to help protect our interests
during WW2 Churchill expressed to Roosevelt that the US WAS now the world leader..it probably took 2 decades for some English to realize that...it would not surprise me to learn that only the massive military AND our imperial outpost along with a discombobulated monetary system (military enforced) KEEP us as world leader....its just a matter of NUMBERS..
would i THEN support our massive military expenditures..probably yes until even that is not enough and cost/benefit ratio gets even worse
I can see wanting to be optimistic but... what are these 4 billion going to do for money to buy things? No money, no market, no good jobs, no power. Is low-IQ Africa going to learn to make high-value-added products that people will want to buy in 2100? How is that going to happen exactly?
Well low IQ-Africa's economy has absolutely exploded. You know 50 years ago Korea had a smaller GDP per capita than the majority of Africa, look at it now. Africa is on the same trajectory, crime is down continent wide, life expectancy is up ten-fifteen years across the continent since independence, GDP is increasing massively faster than population growth in most places. Population is also booming, roads are getting paved, Transport systems getting built. Personally Lagos is improving leaps and bounds, and it is still heavily criticized for the improvement being significantly behind other African cities.
More billionaires than ever are being created, many of the fastest growing economies for the past decade have been consistently African countries, and just recently it dominates the list more than Asia.
It's literally the exact same thing that happened in Asia just later.
Extreme poverty went down from 58% of citizens to 35%. Still high but their is clear improvement also average growth of 6%+ since the turn of the 21st century.
It's not optimism. It's math. The trend may have slowed down in individual countries with Nigeria's economy collapsing, and now growing rapidly again, but the trend is still solid continent wide.
If you average 6% growth, use the rule of 70 here. in 80 years, The African economy will double at least 7 times if current growth is maintained (when really it is accelerated at this point), The population only doubles twice in that time. That means the per capita GDP of Africa is set to increase massively. Obviously as the economy develops it will slow down but the Africans of 2100 using any measurement will live 10+ years, longer if not significantly more and will enjoy at least three times the GDP per capita of current,. Africans. Still very poor but when your talking 4 billion people it doesn't matter "how poor", it is. Even if Africa was just as poor as it is today, with 4 billion people it's very likely the economy of say Nigeria would be well over a trillion dollars. that's millions of middle class and upper middle class customers.
Studies show IQ is reduced by malnutrition up to 12 points, Extreme Poverty is rapidly falling, I know you like to talk IQ, do the math, that's hundreds of millions of Africans maybe even up to a billion Africans with the average IQ of Americans today. Hence three America's worth of people.
China has corruption. But yes it is a meritocracy much like the United States.
Technocrats rule. But a 'democracy' and authoritarian government are still different. Corruption causes less problems in the former due to a more decentralized political system.
In China, lobbying (with pay) is illegal, college legacy admission is illegal, possessing properties without explainable source is illegal, even having children out of wedlock is forbidden.... So it is much easier to be "corrupted" in China than in America.
Completely agree, China also has tiny cultural influence
So what? Unlike the us, china doesn’t want to be the world’s bully. So long as china is safe and the Chinese people are happy trading and working with the world, China is satisfied. Unlike the us with its size complex, China isn’t fixated on having the biggest d#2ick on the planet.
In China, lobbying (with pay) is illegal, college legacy admission is illegal, possessing properties without explainable source is illegal, even having children out of wedlock is forbidden.... So it is much easier to be "corrupted" in China than in America.
Trump would have been a buttboy for some fat Chinese bubba in a Chinese prison a long time ago.....
So what? Unlike the us, china doesn’t want to be the world’s bully. So long as china is safe and the Chinese people are happy trading and working with the world, China is satisfied. Unlike the us with its size complex, China isn’t fixated on having the biggest d#2ick on the planet.
I think China will use rare earth to adjust world economic order and world political order. That hasn’t occurred up to this moment because US-China has been so intertwined, and it’s started to separate with the trade war.
Rare earth will become the gold currency of future world, and China controls it. No, weapons cannot be made without it; economy cannot survive without it.
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