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The gradual but relentless economic decline of Europe. Chart shows its share of global GDP PPP. (lemmygrad.ml)

submitted 2 months ago by yogthos@lemmygrad.ml to c/europe@hexbear.net

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cross-posted from: https://lemmygrad.ml/post/10064609

https://www.ft.com/content/abc3002e-a7be-48e2-8197-aeddf937afec (https://archive.ph/UhcYX)

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[–] john_brown@hexbear.net 6 points 2 months ago (1 children)

So how about the relentless decline of the US due to their failure to regulate

This graph isn't about the US, which is why the post isn't about the US. Don't worry, little Western brain, we also think the US is in decline.

[–] lllIII000IIIlll@lemmy.ml 0 points 2 months ago (1 children)

Thanks for your intelligent contribution. I was mistakenly under the impression FT was US based.

The data for the UK is the same as for the EU and the US. 4% share of global GDP in 1980, 2.4% in 2020 and after Brexit, and their freedom to regulate themselves, the decline continues.

The headline suggests that EU regulations are to blame for their numbers, which makes no sense and has a clear ambition.

The point is, if we want to continue to raise the floor on poverty and wealth in the world, this trend must continue because GDP is still too concentrated in the west.

[–] john_brown@hexbear.net 5 points 2 months ago (1 children)

What could it possibly matter where FT is based if they're publishing an article about a specific trend in a specific region?

The point is, if we want to continue to raise the floor on poverty and wealth in the world, this trend must continue because GDP is still too concentrated in the west.

You can thank China for the global reduction in poverty, without China poverty would be increasing globally.

[–] lllIII000IIIlll@lemmy.ml 0 points 2 months ago (3 children)

How could you possibly take three comparable regions with similar trends in data and then claim the actions of only one are to blame. Pick and choose, it's lazy and poor data analysis.

China is applying the same playbook as the western colonizers did over the past hundreds of years. It will end just the same. Lucky for you, you seem to benefit from it right now, your future generations will pay the price. You can also thank the many ethnic minorities China is exploiting to broaden their influence. Totally different

[–] john_brown@hexbear.net 4 points 2 months ago

China is applying the same playbook as the western colonizers did over the past hundreds of years.

The only response this merits is "lmao"

Lucky for you, you seem to benefit from it right now, your future generations will pay the price.

I live in the west, Sherlock Holmes

You can also thank the many ethnic minorities China is exploiting to broaden their influence.

Again, with contempt, "lmao"

[–] Alaskaball@hexbear.net 3 points 2 months ago (1 children)

China is applying the same playbook as the western colonizers did over the past hundreds of years.

If the same playbook from the century of humiliation was being used the PLN would be bombarding Dutch coastal cities when the Netherlands attempted to steal Chinese property.

Honestly that sounds more like an American thing to do

[–] Edie@hexbear.net 2 points 2 months ago* (last edited 2 months ago)

The US does have that law regarding the Hague right? so there is such a future...

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[–] SnakeEyes@hexbear.net 2 points 2 months ago

Can you please clarify what you mean by colonization in the context that you are using it?