Global wealth in the new millennium

imgres-1In his now well-known book The Post-American World, Fareed Zakaria popularized understandings of shifts in the global landscape, especially in economic terms. The book explained that while the U.S. was retaining it’s military superiority, the country was draining itself financially – as other nations were quietly prospering. Today’s edition of Le Monde carries an article by Serge Halimi giving further details:

“Today’s emerging powers are not worthy successors to their anti-colonialist, anti-imperialist ancestors. The countries of the South control a growing share of wealth, which is only proper, but its distribution is so inequitable that income differences are even greater in South Africa and China than in the US. The money Continue reading “Global wealth in the new millennium”