Are we approaching endgame for the West? New data from World Economics (mistakenly reported in some corners as the World Bank), shows that developing countries are powering ahead across a range of metrics. Most notably, Germany has slipped behind Indonesia and Russia in terms of GDP by purchasing power parity (PPP). Now, Russia looks set to leapfrog Japan to become the world’s fourth-largest economy in 2024.
New world goes up by GDP PPP
The World Bank published a new ranking of GDP by PPP; Russia has closely approached Japan, while Indonesia has overtaken Germany.
China has further pulled ahead of the USA. France, Italy, and the UK have dropped down a few places. Mexico and Turkey… pic.twitter.com/QopOYuKyij
— BenAris (@bneeditor) April 7, 2024
Though the United States is second on the list, the rest is dominated by non-Western countries, including China, India, Brazil and Turkey. Barring South Africa, the Brics nations all appear in the top eight. Maybe all those wars aren’t working out too well…
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Subscribe“Maybe all those wars aren’t working out too well…”
Huh? I don’t think think this has anything to do with wars! It has to do with offshoring most industry and its manufacturing jobs, and going all in on green energy due to globalization and climate change! I think those policies enacted by the collective West over the last few decades have played the major role. Recall – the argument for ‘developing’ counties not having to go green (China is bringing two coal-fired power plants online each week) was that it was unfair to ask them to go forward with ‘clean energy’ (not to mention environmental regulation).
The economic globalization agenda is bearing fruit and as we in the West careen down the green energy path even further (witness Germany and the UK and increasingly here in the US) our economies will continue to weaken.