NEW YORK – America’s share of the world economy is shrinking, dramatically. Not only did China become the greatest trading nations on earth in 2014, but Asian millionaires are now vastly outperforming their American peers:
Asia’s millionaires in 2016 hold more wealth ($17.4 trillion) than their affluent brothers and sisters in North America ($16.6 trillion) or Europe ($16.6 trillion), according to a projection at Capgemini.com.
Like pie charts? Here’s a $60 trillion pie chart:
What to do, America, what to do? Maybe more military interventions? Meanwhile, the gap between the planet’s richest and the rest of humanity got so insane, only a milk bar couldn’t see that capitalism, red or blue, is hopelessly rigged: According to a study by Oxfam, the world’s richest 62 people now have the same net-worth than the entire rest 7 billion people of the world combined. Wow.
China’s economy is world’s number one
Arrogantly, Washington blames its collapsing empire (from 28% of the world’s economy in 1945 to barely 11% in 2015) on China. Says the US president: “We agree on the need for bold steps to lower tensions”. This year in June, the Pentagon announced the relocation of 60% of its navy war fleet to the South China sea. The aim: containment.
If you can’t outwit the East-Asians, strangle them…