America Is Much Better Off Than Reported!

Consider this:

In 1941 there were only a dozen democracies worldwide, now there are over 100. For four centuries prior to 1950, the global gross domestic product (GDP) rose by less than 1% a year. Since 1950 it has risen by an average of 4% a year, and billions of people have been lifted out of poverty.

In the first half of the 20th century we saw the two most destructive wars in the history of mankind and in prior centuries, war among the great powers was almost constant. In the last 60 years no great powers have taken each other on, in fact, our era is best known for the war that never happened, between the US and the Soviets. But we sure heard a lot about it to engender fear in the populace. (sound familiar?)

China's economy is predicated on sheer numbers of people. While it certainly is the largest economy, it is not the richest. In fact, China , as I've written before remains relatively poor. The US, Germany and Japan have per capita GDP's of $40,000 whereas China is ranked at $4,000.

Moreover, despite the latest economic upheaval we have all been through, America's position in the world has not changed all that much. Its share of the worlds GDP has held remarkably steady. And this steadiness was not only over the past decade but over the past four decades!

In 1969 the US produced roughly a quarter of the world's ecomonic output. Today it still produces approximately that same number.

Americans are , by nature, optimistic, innovative and resilient. We find a way when there is no way. "The measure of intelligence, is the ability to change" Einstein