Archive for September 2017
China’s GDP is Growing More than 3 Times as Fast as the US and China’s Per Capita GDP More than 4 times as Fast
The latest US GDP figures, published on 28 September, confirm once more that China’s economy has grown more than three times as fast as the US in the last year – 6.9% in China compared to 2.2% in the US as shown in Figure 1. Even more strikingly China’s per capita GDP has grown more than four times…
Read MoreNFL protests & victory of Steve Bannon’s candidate in Alabama shows deepening US political polarisation
Two events in the US in last week – the victory of Steve Bannon backed candidate Roy Moore in the Alabama Republican Senate primary and the huge dispute around NFL players kneeling during the national anthem – confirm the deepening polarisation in US politics. The background which is driving this is the very slow growth in the US…
Read MoreGerman election again confirms increasing Western political turbulence
The outcome of the 24 September German elections was dramatic itself. The Christian Democratic Union/Christian Social Union’s (CDU/CSU’s) 33% was its lowest percentage of the vote since the first election in West Germany in 1949. The German Social Democratic Party (SPD) result was even worse – at 20.5% it was the lowest vote ever…
Read MoreCommunist Party of China studying Mao Zedong’s essays ‘On Contradiction’ and ‘On Practice’ ahead of Party Congress
One of the more inaccurate ideas in the ‘Western’ media is that China is a capitalist country in which socialism and Marxism is just for show – a hangover from the past. This error is echoed in some ‘leftist’ circles in the West.The economic error in such analysis, and the mistakes it leads to in predictions regarding…
Read MoreWhy do Cubans live longer than Americans?
Cubans live almost a year longer than Americans. So it must come as news to them that Trump says socialism in Cuba has produced ‘anguish and devastation and failure’. And as for China its citizens under socialism live 2.7 years longer than would be expected from its level of per capita GDP, whereas in the…
Read MoreInternational context of the Communist Party of China’s 19th Congress
A Communist Party of China (CPC) Congress is always a major event, but even by that standard the 19th CPC National Congress, presumably starting October 18, will be of unusual significance. This is because since the 18th CPC National Congress in 2012 China has faced a new situation in its history and the CPC…
Read MoreWhy BRICS will overtake the G7 economies in size
A radio interview with me on why Jim O’Neill is correct that BRICS will overtake the G7 in economic size – and why BRICS already accounts for more of world growth than the G7. To listen to the interview please click here.
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