"The economic advantage is even more extreme in Asia’s favor if GDP PPP is the measure instead of straight GDP."
This is true because in the United States, financial services are included in GDP. This significantly inflates the GDP number and provides an inaccurate assessment of the economy's production. Financial services do not benefit the general populace.
"Ironically, it is The West, via its sanctions etc., that is building this economic Iron Curtain (to protect its billionaires), but any wise leader in Asia now knows the necessity to make its economic plans with less and less consideration of The West, and instead favoring anything but."
Yes, unfettered capitalism always manifests as avarice. We live in a plutocratic oligarchy.
Douglas Macgregor, unfortunately, blacks out this reality that the evils he reports are natural consequences of late-stage capitalism: fascism otherwise known as libertarianism or neoliberalism -- the politico-economic ideology that a government is based upon its economy instead of that an economy is based upon a government that establishes and enforces the laws that can then enable an economy to function. That upside-down view of government and economy is Scripture in conservative political Parties such as America's Republican Party, and Macgregor is a Republican. Unlike the vast majority of both Republicans and Democrats, he is anti-imperialist. His failings if ever he were to become America's President would be that on domestic matters he would do little to reverse the prevailing American Government's neoliberalism-libertarianism-fascism. But on foreign policies, he'd be terrific.
"The economic advantage is even more extreme in Asia’s favor if GDP PPP is the measure instead of straight GDP."
This is true because in the United States, financial services are included in GDP. This significantly inflates the GDP number and provides an inaccurate assessment of the economy's production. Financial services do not benefit the general populace.
"Ironically, it is The West, via its sanctions etc., that is building this economic Iron Curtain (to protect its billionaires), but any wise leader in Asia now knows the necessity to make its economic plans with less and less consideration of The West, and instead favoring anything but."
Yes, unfettered capitalism always manifests as avarice. We live in a plutocratic oligarchy.
Douglas Macgregor, unfortunately, blacks out this reality that the evils he reports are natural consequences of late-stage capitalism: fascism otherwise known as libertarianism or neoliberalism -- the politico-economic ideology that a government is based upon its economy instead of that an economy is based upon a government that establishes and enforces the laws that can then enable an economy to function. That upside-down view of government and economy is Scripture in conservative political Parties such as America's Republican Party, and Macgregor is a Republican. Unlike the vast majority of both Republicans and Democrats, he is anti-imperialist. His failings if ever he were to become America's President would be that on domestic matters he would do little to reverse the prevailing American Government's neoliberalism-libertarianism-fascism. But on foreign policies, he'd be terrific.