@@Western_DeclineYou're the one with the problem if you believe prc numbers. How can you have 5.2% growth and _deflation_ at the same time? A hint: You can't. _If_ China's economy is growing, then you're looking at 1-2%. Get ready, because with a nom de TH-cam of "western decline" you're in for years, probably decades, of news you don't want to hear. Edit: If China was growing at 5.2% in reality, then youth unemployment wouldn't be a thing, either.
Less and less money in the hands of those that actually spend it. All the money goes to the top and stays in offshore banks or bezos moves to florida to avoid billions of dollars in taxes. Need to have more taxes on billionaires and the management class needs to be measured and compensated according to the positive impact they create. We need to redefine how we measure our success because GDP and these old metrics do not consider quality of life and happiness. We just keep hitting the same nail with the same hammer and expect a change in the growth model. It needs to be redefined to be able to adapt to AI and new tech. A good start is the 32 hour work week, but we need more systematic change in how we invest and create value beyond shareholders and stock.
I like the sound of this. Inequality is the key issue but the majority don't realise this yet. Everybody always thinks, I could be the next one to make it big.
Actually the Global South is a misnomer, since less than 1 billion people live below the equator. Most of the Global South lives in the Global North, judging by the Equator. But I doubt geography will trump the lexicon.
I hope the nomenclature shifts to "Countries in the global south" rather than just "The global south". The latter phrasing sets up an us vs them framework and among other issues.
Ian, is it difficult for you to take a look at GDP growth, say, at the IMF site? You may find out that, last year, the US economy grew by 2.5 percent while that of china expanded by 5.2 percent. Projections for 2024 and 2025 also show that the economy of china is growing more than two times faster than the u.s. Or do you really have to spin your stories to the extent that you contradict well known facts?
If the end result of a GDP optimized economy is everyone being permanently in debt, working around the clock, and owning nothing, the contradiction between a certain brand of economics reporting and public sentiment isn't too hard to understand. It should be directly at odds - that was the plan the whole time. Isn't economics the study of the coercion of human behavior using paper guarantees? And, if an economics optimized society is maximally coerced, I think you can see where the problem of this kind of goal setting arises. Metrics such as life expectancy, homelessness rates, homeownership rates, and other quality of life considerations probably paint a more accurate picture of public sentiment about the economy. I'd call this the real economy, but what do I know?
This guy is not qualify to talk about economy! US economy is debt based, US household owed over a $trillion of credit card and total household debt is over $17 trillion! Consumption account for 70% of US GDP, borrow and spend is not growth! US economy in fact is in serous trouble! Real inflation including food and energy is over 10%, there's really no real wage growth! Job added is minimal! Many American has to work multiple jobs to survive! Unemployment rate is actually higher than 5%!
TV is 80% visual, so you have to ask, WHY those awful chairs? So-o-o uncomfortable-looking! Distracting. Can't you afford anything better? Moyo is obviously a very capable intellect and speaker - just keeping up with Bremmer shows that - but her outfit is distracting: too tight, too shiny for informational exchange discourse.
Thanks Ian, Dambisa Moyo is a great guest for this topic. I read one of her books, years ago.
I don't understand why Ian continues to lie about the resilient US economic recovery (2.5% growth rate), when China grew at 5.2%.
@@Western_DeclineYou're the one with the problem if you believe prc numbers. How can you have 5.2% growth and _deflation_ at the same time? A hint: You can't. _If_ China's economy is growing, then you're looking at 1-2%. Get ready, because with a nom de TH-cam of "western decline" you're in for years, probably decades, of news you don't want to hear. Edit: If China was growing at 5.2% in reality, then youth unemployment wouldn't be a thing, either.
I would love to see her talking with Gita Gopinath of IMF.
I guess you didn't get the memo. It's no longer called "the global south" it's now called The Global Majority.
I'll stick with the "global south", which, happily doesn't vote in US, EU, prc, etc. elections.
Is borrowing a shit ton of money and spending it the definition of "resilience"?
If that's the case then Greece is also a "resilient" economy.
We need to structurally change the function of the global economy and have everyone working on a common goal.
will never happen
Less and less money in the hands of those that actually spend it. All the money goes to the top and stays in offshore banks or bezos moves to florida to avoid billions of dollars in taxes. Need to have more taxes on billionaires and the management class needs to be measured and compensated according to the positive impact they create. We need to redefine how we measure our success because GDP and these old metrics do not consider quality of life and happiness. We just keep hitting the same nail with the same hammer and expect a change in the growth model. It needs to be redefined to be able to adapt to AI and new tech. A good start is the 32 hour work week, but we need more systematic change in how we invest and create value beyond shareholders and stock.
I like the sound of this. Inequality is the key issue but the majority don't realise this yet. Everybody always thinks, I could be the next one to make it big.
Higher interest rates mean savings growth if the income disparity was reduced instead of escalated. Fairer tax structure is needed for that.
👌👌hello fr. Philippines!
Actually the Global South is a misnomer, since less than 1 billion people live below the equator. Most of the Global South lives in the Global North, judging by the Equator. But I doubt geography will trump the lexicon.
I hope the nomenclature shifts to "Countries in the global south" rather than just "The global south". The latter phrasing sets up an us vs them framework and among other issues.
Ian, is it difficult for you to take a look at GDP growth, say, at the IMF site? You may find out that, last year, the US economy grew by 2.5 percent while that of china expanded by 5.2 percent. Projections for 2024 and 2025 also show that the economy of china is growing more than two times faster than the u.s. Or do you really have to spin your stories to the extent that you contradict well known facts?
Ian is paid by the State Department to spread propaganda. He is not an honest broker.
India is growing fastly. Investments are going to India and other asian countries as well.
If the end result of a GDP optimized economy is everyone being permanently in debt, working around the clock, and owning nothing, the contradiction between a certain brand of economics reporting and public sentiment isn't too hard to understand.
It should be directly at odds - that was the plan the whole time.
Isn't economics the study of the coercion of human behavior using paper guarantees?
And, if an economics optimized society is maximally coerced, I think you can see where the problem of this kind of goal setting arises.
Metrics such as life expectancy, homelessness rates, homeownership rates, and other quality of life considerations probably paint a more accurate picture of public sentiment about the economy.
I'd call this the real economy, but what do I know?
Why doesn’t the critical question of America’s growing macro billion debt be raised, as it would definitely cause a future collapse of the economy.
Anybody believe that? The US economy is recovering?
This guy is not qualify to talk about economy! US economy is debt based, US household owed over a $trillion of credit card and total household debt is over $17 trillion! Consumption account for 70% of US GDP, borrow and spend is not growth! US economy in fact is in serous trouble! Real inflation including food and energy is over 10%, there's really no real wage growth! Job added is minimal! Many American has to work multiple jobs to survive! Unemployment rate is actually higher than 5%!
I don’t support Trump nor his family!
TV is 80% visual, so you have to ask, WHY those awful chairs? So-o-o uncomfortable-looking! Distracting. Can't you afford anything better? Moyo is obviously a very capable intellect and speaker - just keeping up with Bremmer shows that - but her outfit is distracting: too tight, too shiny for informational exchange discourse.
Gzero media cant afford real economist???
I heard the exact same report by CNN, word for word.
What I got from this is the world needs us, but we don't need them.
Truer than many will acknowledge.
Lol us mnc operate large all over world if they don't do business outside us economy will be in shambels
America is being isolated on the Global Stage, and only Americans don’t seem to realize this.
Summary: us going well because enormous spending. South is not going well because of too much debts to us. Good and well balanced world order.