Illustrative Image
Written by Eric Zuesse
Here are the economic records of growth over the past 25 years, in Gross Domestic Product calculated at Purchasing-Power Parity (GDP PPP), for 7 regions of the world. In each of the seven regions, the information-source is the Trading Ecnomics Website. Each country or region is identified in the URL that is shown here to that Website, and the name of the country or region is boldfaced within that URL-address, so that you can immediately recognize which country or region is which. Then, the “25-yr” period is shown (1998 to 2022), then “=” which indicates the 2022 GDP PPP number divided by (“/”) the initial, 1998, GDP PPP number, so that a ratio “x” is then identified (“=”) for the ending number divided by (“/”) the starting number, thereby displaying how many times bigger that number was in 2022, as compared with in 1998. Here is this information for each one of the seven compared regions:
- https://tradingeconomics.com/china/gdp-ppp-us-dollar-wb-data.html 25-yr=32/5=x6.4
- https://tradingeconomics.com/russia/gdp-ppp-us-dollar-wb-data.html 25-yr=53/9=x5.9
- https://tradingeconomics.com/india/gdp-per-capita-ppp 25-yr=71/24=x2.96
- https://tradingeconomics.com/united-states/gdp-per-capita-ppp 25-yr=65/47=x1.36
- https://tradingeconomics.com/european-union/gdp-per-capita-ppp 25-yr=46/33=x1.40
- https://tradingeconomics.com/japan/gdp-per-capita-ppp 25-yr=42/36=x1.17
- https://tradingeconomics.com/south-korea/gdp-per-capita-ppp 25-yr=45/19=x2.37
In each case, click onto the “25Y” button in order to access the full 25-year record.
Each of those links are to that 25-year economic record, and shows the ratio of the 2022 number (the nation’s or region’s actual GDP in 2022) divided by the 1998 number, and closing with the multiple that the 2022 number is when divided by the 1998 number.
In other words: China’s economy grew 6.4 times (“x6.4”) over those 25 years, Russia’s grew 5.9 times over those 25 years, India’s grew 2.96 times over those 25 years, U.S. grew 1.36 times over those 25 years, EU grew 1.40 times during those 25 years, Japan’s grew 1.17 times over those 25 years, and South Korea’s grew 2.37 times over those 25 years.
Here is the performance of the entire world over those 25 years:
So: x3.14 is the global average performance over the most-recent 25-year period.
In other words: whereas India performed slighly worse than the global average, the U.S., EU, Japan, and South Korea, performed considerably worse than the global average during those 25 years.
My analysis of these data is: America’s economy performed worse than the global average. However, throughout that period, America’s Government was proclaiming itself to be the world’s leading economy and pretended that it is the nation that all of the world’s other nations should take as their economic and political model. But the actual economic figures make clear that that claim by America was a lie, at least from the economic standpoint, and that America’s economic performance throughout this period was actually worse than the world’s average. Furthermore, America’s foreign colonies, or ‘allies’, in Europe, South Korea, and especially Japan, had economies that were absolutely atrocious, and the only U.S. copy-cat economy that performed significantly better than that global ‘model’ country (America) did, was South Korea. But Japan performed the worst of the entire lot. Thus, one might reasonably conclude that, as has happened in empires throughout history, the imperial nation (in this instance America) performed poorly in comparison with countries that were not (yet) captured by it; and that most of its ‘allies’ or colonies performed even worse than did the imperial nation that had captured it. Imperialism is bad for the imperial country but is even worse for its satellites. (Imperialism benefits only the billionaires — NOT the public: it always harms the public, everywhere.)
Both Russia and especially China had world-beating economies throughout that period, and this helps to explain why the U.S. and its foreign colonies want to destroy both nations — take them over and do to them what they did to all countries that resist the U.S. empire, such as Libya did, and Iraq did, and Iran did, and Venezuela did, and Syria did, and Palestine did, etc.
However, what about politically (aristocracy versus democracy) — was the U.S. the world’s model democracy during that 25-year period? All of the data make unequivocally clear that America is actually a dictatorship, by the nation’s wealthiest one-tenth of its richest 1%: by America’s very richest people, the nation’s aristocrats, against the nation’s entire bottom 99.9%, America’s public.
Consequently: nations that are allied to or otherwise copying America are heading for economic decline and into being an aristocracy instead of a democracy. Anything to the contrary of this conclusion is propaganda that violates what the relevant data clearly show to be the reality on the matter.
All of the relevant data have been linked-to here so that they can be accessed by simply clicking onto those links, in order to verify that the U.S.-and-‘allied’ claims to the contrary are lies — billionaires’ lies, which serve billionaires’ purposes.
Investigative historian Eric Zuesse’s new book, AMERICA’S EMPIRE OF EVIL: Hitler’s Posthumous Victory, and Why the Social Sciences Need to Change, is about how America took over the world after World War II in order to enslave it to U.S.-and-allied billionaires. Their cartels extract the world’s wealth by control of not only their ‘news’ media but the social ‘sciences’ — duping the public.
“democracy is impossible in a capitalist system. capitalism is the realm of injustice and a tyranny of the richest against the poorest.”
hugo chavez
there are millions of venezuelans who abandoned their country and the other 90% who live in poverty and in a dictatorship. the hypocritical hugo chavez sold oil to the united states…how good was that hugo chavez to bring down a country?
hilarious reply, the last we see of the clown huu. do you know why someone would throw out an intelligent hugo chavez quote?
obviously not if you replied. find another day job wuu wannabe.
you react the same as a dead dictator insulting others. chavez was a genocidal and murderous dictator. only a crazy person can be a communist or nazi but the world is full of crazy people.
name a single communist country that is rich and prosperous, just one…mention which country was richer, west germany or east germany, south korea or north korea, tell me which is richer and more prosperous, venezuela could have been the united arab emirates chavez it turned it into a poor country like somalia.
you are confusing economic failure with the rich robbing the rest of us.
isn’t that lead eventually economic failure?
america switched from a production economy to a financialized economy. they only move numbers around, this is what they call growth. it is a pyramid scheme that is about to collapse.
and with it all the rest of the world economy
the us used foreign countries to store their ever rising debt. that lasted for a while. now that debt is going home and will be like a stone around the economies neck. us debt is rising faster than its gdp. the louder the debt screams, the faster we go.
the left has ruled the united states since the 90s and what happened? debt and poverty grew, which is strange. where the left governs and its infinite social justice, there are only problems. they will criticize the united kingdom all they want. but i don’t see thousands of british people going to live in despair in africa or muslim countries, but rather the opposite is happening.
economic figures claimed by america was a lie. no surprise there. britian fired the first shot in the american revolutionary war was a lie. gulf of tonkin was a lie. iraqi wmd was a lie. the anthrax scare was a lie. osama bin laden/tim osman was a lie. sept 11th was a lie. maidan was a lie. spreading democracy abroad was a lie. one doesn’t need to be a rocket scientist to see a pattern forming.
i’m sure my friend, it’s all a lie. if the ideas of the left worked, the soviet union would still be alive. and the united states would not have to build a wall so that millions do not enter. unlike communism, which built a wall so that people do not escape. that is the reality of the left where the left governs there is only poverty and death.
libia, irak, irán, venezuela, siria, palestina the countries you mention are poor and miserable. if they could, all their inhabitants would live in the united states.