Again, the European Union - currently comprised of twenty-five states - is larger and more populous, with a greater gross domestic product, than the
In contrast, the
What of it? Well, the
To whom, then, does the future belong?
The greatest natural resource is human ingenuity. Wealth is created, not found. Oil, or minerals, or land or any asset is of no worth until it is exploited. Its worth is invented by recognizing and using it. In game theory there’s the idea of a zero-sum game, where if somebody profits (wins), somebody else loses (um, loses) - for every plus, there is an equal minus. But if I extract ore from the desert, who loses? If miners and refiners, and transporters and manufacturers and merchants occupy themselves with profiting from the use of that ore, who loses? Well, I suppose lizards and kangaroo rats are disturbed - but a mine site is just another ecosystem, right? A sunken ship becomes a reef, and a world is born.
Property, despite what utter fools assert, is not theft. The misery caused by the company town or robber-baron capitalists is not a requirement of economics or of capitalism - it is the outworking of corrupt human nature. So, with a slight tweaking of emphasis, the memorable maxim from the movie “Wall Street” becomes not merely true, but right: “Greed is good.” No, greed isn’t good, but enlightened self-interest is good. A vice is just a corrupted virtue - love into lust, or charity into sloth. Play the game yourself.
What, then? A final factoid: the entire Arab world has a gross domestic product smaller than that of, say,
So there it is. It used to be that the “first world” was defined by democracy and industrialization, the “second world” by communist domination, and the “third world” by poverty. But things have changed. I would have it that the first world, as always, is that aligned with the USA - I think its clearest current descriptor would be the position on the so-called war on terror - specifically, having a positive roll in this, the Fourth World War. The “second world” is characterized by a socialistic, pacifistic, and to my way of thinking hypocritical and cowardly mindset. Most of
“Poverty” is not about lacking money. You can be poor or you can be broke - the difference being that broke is temporary. The key is attitude. We saved and rebuild
The future could be almost anything. But it is not a zero-sum game. Just thought I'd point that out.