Posts by John Ross
The ‘Anglo-Saxon’ political crisis – from Reagan & Thatcher to Trump & Brexit
Every day the media reports deepening political destabilisation gripping both major ‘Anglo Saxon’ countries – the US and UK. Most important for the world, of course, is US political instability where almost daily crises hit the Trump administration – resignation of the President’s Chief of Staff, sacking of the head of the FBI, public attacks by…
Read MoreWhy Adam Smith’s ‘classical theory’ correctly explained Asia’s growth
The growth of Asia’s rapidly developing economies is a vital practical issue for the living standards of billions of people and a decisive test of economic theory. This group of economies are the world’s most rapidly growing. They include the only major economies that have made the entire transition from ’low income developing’ to ‘developed‘…
Read MoreAn economist’s Mein Kampf
This article, published in October 1991, accurately predicted that ‘shock therapy’ recommended for Russia by Western economic institutions, and supported by 95% of Western economists, would lead to economic catastrophe in Russia – pushing its economy backwards towards becoming a raw material producing appendage of the West. Determination that China should avoid any such economic catastrophe…
Read MoreThe ‘Belt & Road’ region will be the main locomotive of the world economy
The importance of the Belt and Road (B&R) summit for China and participating countries is well known. What is not so widely grasped is that the B&R region is now by far the most powerful locomotive not only of the regional but of the global economy. To be precise: Measured at current exchange rates the…
Read MoreThe real sinister relation of the US & ‘jihadism’?
Even before the recent horrific terrorist attacks in Europe, Mali and other places, the purpose of the U.S. “war on terror” as stated in words was to fight “Islamic terrorism” and “jihadism.” But facts show each time the U.S. and its allies have launched a war in the Middle East it has been followed by a…
Read MoreUS economic growth under Trump – explained in 3 charts
There has been much discussion on the likely effect of Trump on the US economy. But some of this discussion fails to distinguish clearly between short term and long term effects of Trump. This can lead to wrong interpretations of events and trends as they unfold. The aim of this article is therefore to set…
Read MoreThe truth about China’s crucial role World War II is not only history
When on 3 September 2015 China staged its Victory Parade, commemorating the Chinese People’s War of Resistance Against Japanese Aggression and China’s contribution to the World War against fascism, this was a solemn day for China and an opportunity for the world to understand events which are not only historical but without which today’s world cannot…
Read MoreChina’s economy is growing three times as fast as the US
Publication of US GDP for the 2nd quarter of 2017 …
Read MoreWrong analyses of China – listed by author and date
Numerous authors make wrong analyses predicting an economic crash or drastic slowdown in China and then, when these fail to occur, nevertheless continue to present themselves as ‘China experts’. The ability to do this rests on readers forgetting what they predicted. Given that the test of an analysis and a theory is its ability, or…
Read MoreChina is the greatest economic growth in human history
Despite increasing media reporting on China’s econ…
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