Why the EU's unemployment will keep rising over time with no respite

Why is it that western governments get it so horribly wrong and their eastern counterparts get it so overidingly right? For over the last quarter of a century there has been two wars going on – one military and the other economic. The irony of the former is that it has also been economic under the guise of war. Indeed, has anyone ever wondered why China has marched on in economic terms and why the West has decisively gone backwards? Using common sense gives us great insights into what has happened. Whereas China has not gone to what is commonly known as conventional War, the USA, UK and its western allies have. Joseph Stiglitz, former World Bank economist and others have estimated recently that the real cost of the Iraq and Afghanistan Wars at the end for the USA alone will be in the range $4 trillion to $6 trillion. To put matters into perspective the United Nations considers that $30 billion a year would end world hunger. Therefore for the average of $5 trillion, why not end world hunger for 167 years? But these Wars have cost the UK dearly also and some place the costs at the end to over £100 billion (or around $150 billion). For other western allies collectively the Wars have most probably cost them at least $50 billion and a total projected cost to the West of between $4.2 trillion and $6.2 trillion. But if we add in the Wars that the West has been involved with since the end of WW2 in real terms, the cost to the West moves towards $10 trillion. Therefore whilst the West has been going to War and countries like China have not, the West has got poorer by the year and where China is marching on to eventual Economic supremacy. Add in again the $15 trillion of Western bank debt and we can see why our governments have got it so horribly wrong and why China et al have got it so right. Indeed, whilst China has been building up its nation through the economic war of the last quarter of century, we in the West have been fighting the wrong Wars, even it has to be said unfortunately for our servicemen who died in fighting for our own kind of western War. Which politicians have intelligently run their nations it has to be asked?

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