Western Europe – The Decline In Economic Power
The interesting statistic (graphical representation by Catherine@Visualizing Economics) in this chart is the cycle of Western Europe GDP. This, you will note, largely tracks the rise and fall of slavery and its proxy, colonialism. The rise of the West has been a case of ‘consumption’ of slaves to fuel their economic rise. Note the rapid fall in Western Europe incomes and GDP after loss of slaves and colonies – starting from 1850s (decline in slavery begins) till the 1950 (when decline in colonialism begins).
The current share of Western European GDP is also a statistical miracle based on the Bretton Woods financial topology – and the statistical lag between reality and its measures. Having painted themselves, in a corner, with a high cost economy, a bloated welfare state, an aging population (again, a side effect of the slavery on social structures; who would want a wife, if one can have a slave instead), Western Europe is terminally sick.
Is Iraq, Afghanistan, Pakistan, the shape of things to come?
- 10 Things You Need to Know About Slavery (That You Won’t Learn from Django Unchained) (alternet.org)