100%... F1 showcases the the fastest growing economies on the planetThanks for the article. I enjoyed reading Meyer’s historical perspective. I also agree that we are watching the growing wave of a world-wide economic boom, where the world will achieve a level of global prosperity never previously experienced. If you are a Formula 1 racing fan as I am, you see this in the world of auto racing. F1 is staging events in places like Singapore, Kuala Lumpur, Abu Dhabi & Shanghai, that 50 years ago were hell holes. Today they are gleaming modern cities. In fact, looking at them and comparing them to our democrat controlled cesspits, I think they’ve passed us by.
And that’s one of the ironies of the article. As more and more people escape poverty globally, in America more and more people slip into its chains. We are not as competitive as we once were by virtually every important yardstick. And because we are so dysfunctional, we are likely to let this opportunity pass us by. I deliberatly chose the word “watching” in the paragraph above, instead of “creating.”
The other irony of the article is that it was Reagan’s victory in the Cold War that created the conditions for this world-wide boom.
100%... F1 showcases the the fastest growing economies on the planet