http://www.tutor2u.net/blog/index.php/economics/comments/unit-4-macro-looking-to-2060-a-global-vision-of-long-term-growth?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:09:48:54ZCONVERGENCE : SORT OF
“Despite this fast growth among “catching-up” countries, the rankings of GDP per capita in 2011 and 2060 are projected to remain very similar”
I hate to share a link from one of the two sites that have banned me. But the article and external links are worth it.
While progressives look for reasons to justify their one world fantasy, those of us who know better see reduced western privilege leading to resurgent nationalism, and permanent friction as large poor countries remain permanently unequal. And as such doom the western lower classes to exactly the opposite future that they and their absurd egalitarian policies fantasizes about.
Only innovation defeats Malthus. And with innovation comes greater intellectual demand on citizens.
The fact that we have held Malthus at bay is a temporary product of asymmetric development and the conversion of farm to industrial labor. And that is a temporary conversion since labor is just as rapidly replaced both technically through productivity and geographically through labor competition.
We will get either a eugenic or disgenic result from our egalitarian universalist fantasy.
What we will not get is a harmonious egalitarian world order.
Source date (UTC): 2012-11-11 07:15:00 UTC
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