“A global economic problem requires a global economic
solution.” ~ Slim Fairview
“The military option is no longer viable. The Economic zero-sum game doesn’t work
anymore.” ~ Slim Fairview.
How are things working out globally?
First of all, recent reports indicate that emerging
economies contribute 75% to the global growth.
That would make emerging economies important for the global economy.
Hence I wrote the following.
The G 20 in Good Times & Bad (Not for the G 20 alone,
anymore.)
The Haves are increasing arithmetically.
The Have-nots are increasing geometrically.
The real challenge is not the difference in the number of
dollars between the haves and the have-nots.
The real challenge is the difference in the number of people
between the haves and the have-nots.
This is not a sustainable model.
What we are witnessing globally in migrations is explained
by what are politicians are able to deal with.
What we are really witnessing is a basic law of physics. People are moving from a greater
concentration to a lesser concentration.
Now, remember the difference in the number of dollars? The problem is that money in the
industrialised nations has reached a saturation point. This is the point at which the sponge no
longer absorbs water.
This is explained in my article Ascribed Value. Or,
ridiculous consumption.
The tedium is listening to people forecast the problems with
no one offering any solutions. You can’t
solve opportunities. You can solve problems.
Case in point. I’ve been inveighing against Merkel’s
Austerity rant with the celerity of a honey badger for 4+ years. Now, Mario Draghi is “printing money”. Why? Because austerity failed.
The World is in desperate need of
Capital Investment
Economic Development
Growth.
This requires a meeting of the minds of world leaders on a
single issue. This is about
survival. Imagine the alternative. I covered that in The G-20 in Good Times
& Bad.
Warmest regards,
Slim
Copyright © 2015 Bob Asken
All rights reserved.
