Aurelien (5) Weak Economy

The nations of the West are facing many political challenges at a time when they are economically weak. Aurelien has not written about this issue so much, but he makes some pertinent comments.

In the last thirty to forty years, the Global West has largely offshored its productive capacity, and so its way of life now depends overwhelmingly on imported goods. Such industry as still exists is itself greatly dependent on raw materials and components supplied by countries with which it is not necessarily on good terms.

This is a huge problem because the Western nations have created a dangerously vulnerable financial system. Artificially low interest rates have created a massive financial superstructure that looks good in GDP statistics, but produces nothing of value, while it sucks wealth out of the economy and feeds it up to the already wealthy.