US-Western Culture is Failing Because Its People Are Dying.

Nov. 29, 2018—Forget the stock market, inflation, and the jobs figures. According to the most vital measures of the U.S. economy, the fundamentals are very unsound.

U.S. life-expectancy at birth decreased again in 2017, according to statistics released today by the Centers for Disease Control (CDC). This makes the third year in a row that, contrary to the rest of the world, U.S. life-expectancy has stagnated or gone down. Such a multi-year reduction—from a peak of 78.9 years in 2014 to 78.6 years in 2017—has not occurred for 100 years, at the time of World War I and the Spanish flu epidemic.

The fact that adults between 25 and 44 years of age were the grouping that showed a statistically significant decrease in life-expectancy bodes poorly for future population growth as well. A society whose young adults of child-bearing age are dying at increasing rates, is a society headed for death.

A complementary report from the CDC also issued today points to one of the causes of the life-expectancy decline: deaths from opioid overdoses increased 9.6% between 2016 and 2017.  The absolute number—70,237—is slightly less than had been anticipated in the summer, but should still be cause for alarm. The other cause of deaths that  the CDC cites is the increase in suicides.

I’ve written about it before, but I have to say it again: population growth, in quality and quantity, is a hallmark of the American System of economics, and all competent economic science. The human mind is the source of invention and wealth, as human history shows, and as humanity cultivates its power over nature (including itself), it creates new potentials for progress. Through human inventive power, we have been able to advance from a culture where people had to spend all their waking hours simply guaranteeing their survival, to one where people (potentially) can eliminate poverty, harness nature, and have the leisure to develop their minds, create new inventions, and explore new worlds.

Conversely, when the human mind is degraded—as through slavery, narcotic drugs, pornography, and other degeneracy—the economy is eventually doomed. This is the process which we in the United States have been going through for nigh onto 50 years, and it’s killing us.

The last statistic I will mention is suicide.  Suicide is now the 10th major cause of death in the United States, and has increased from 10.5 per 100,000 in 1999 to 14 per 100,000 in 2017. It is at the highest rate in 50 years. Here again, the United States is out of sync with the rest of the world, where the suicide rate, on average, is going down.

“Since this (drop in life expectancy) is being driven by increases in deaths due to drug overdoses and suicides and this affects the younger population, you’re talking about a lot of potential life that’s not being lived as a result of those increases,” commented Robert Anderson, chief of the Mortality Statistics Branch at the National Center for Health Statistics.

This situation is not going to be reversed by special programs to stop addiction and suicides. It’s going to take a sweeping change in the approach we citizens take toward our obligation to society and the future. Fortunately, there are models within our own American history for success. When will we start to heed them

Don’t Listen to Propaganda & Gossip. Follow the Facts: China is not Creating a ‘debt-trap’ for Africa

A useful report, “Africa’s growing debt crisis: Who is the debt owed to?” by the British based Jubilee Debt Campaign, again belies the propaganda and gossip that China is manipulating African nations into a ‘debt-trap.’  This report excerpted below, using figures from the World Bank, and the China Africa Research Institute-(CARI) at Johns Hopkins SAIS in Washington DC, shows the percentage of debt owed to China by African nations is not the cause of a debt crisis. In fact, in many cases the debt owed to China is less than the total owed to Western nations and financial institutions.

It is clear that for strictly geo-political reasons many Western think tanks and various media have gone into overdrive demonizing China with false claims of a new ‘debt-trap.’ This has also led to increased attacks on African leaders, portraying them as weak and not acting in the interest of their citizens. They have been accused of succumbing to China, which has been dubbed, the new imperial power. Sadly, many Africans have been duped, or simply out of frustration and anger, joined this western orchestrated chorus.

Of course, the truth of the matter is quite different. From the early 1980s on Western financial intuitions such as the IMF, World Bank, and Paris Club, loaded up African nations with so much debt that they were unable to service the debt, forcing them into unpayable arrears.  The vicious irony, is that several hundred billion dollars of debt lent by the West was never meant to actual develop African economies. It was in fact, intended to create a real ‘debt-trap’ for Africa. It has only been in the last ten years that Africa’s huge deficit in infrastructure is being addressed in collaboration with China’s non-western model of development. As I have written over many years, debt is not the problem when it is used as credit to improve the productive powers of a society to increase its physical wealth. Technologically advanced infrastructure is an excellent, if not the premiere method to drive an economy forward. This is exactly what China is accomplishing through its Belt and Road Initiative, and is at the heart of the Forum on China-Africa Cooperation-(FOCAC).

Unfortunately, the dominance of the “geo-political” ideology since the death of Franklin Roosevelt has thoroughly contaminated the thinking of Westerners and Africans alike. Creating a culture (with few exceptions) of people unable to think strategically, and who cynically reject the idea that a powerful nation would extend itself to actually assist other nations. China, according to all accounts, has lifted 700 million of its people out of poverty. President Xi Xinping has pledged to help eliminate poverty in Africa, the continent with highest rate of poverty in the world. Yet, many Africans reject this offer as insincere, suggesting a sinister motive lurking behind China’s offer. This attitude, is in part, the result of today’s political culture, which has failed to understand one of the most profound universal principles: all mankind shares a common interest in the development of the creative potential of each and every human being.  

Let us all agree, now, that we will all act on the this principle of the common good, and affirm as did the Treaty of Westphalia, that the interest of the other is also the interest of thy self.

 

Forum On China-Africa Cooperation, Beijing, September 3-4, 2018

“Africa’s growing debt crisis: Who is the debt owed to?”

October 2018

(excerpts follow)

Summary
• African government external debt payments have doubled in two years, from an average of
5.9% of government revenue in 2015 to 11.8% in 2017
• 20% of African government external debt is owed to China
• 17% of African government external interest payments are made to China
• In contrast, 32% of African government external debt is owed to private lenders, and 35% to
multilateral institutions such as the World Bank
• 55% of external interest payments are to private creditors

Minimum amount of African government external debt owed to China as percentage of total debt is 18%

Creditor grouping, total debt owed, percentage of external debt owed, are as follows:
China $72 billion 18%
Paris Club $40 billion 10%
Other governments $18 billion 4%
World Bank $66 billion 16%
IMF $18 billion 4%
Other multilateral institutions $61 billion 15%
Private sector $132 billion 32%
Total $407 billion 

Maximum amount of African government external debt owed to China as percentage of total debt is 24%

Creditor grouping’Total debt owed, percentage of external debt owed, are as follows:
China $100 billion 24%
Paris Club $40 billion 10%
World Bank $66 billion 16%
IMF $18 billion 4%
Other multilateral institutions $61 billion 15%
Private sector (excl. Chinese
private sector)
$132 billion 32%
Total $417 billion

Checking these figures through country cases

Another way of identifying how much African government debt is owed to China is to look bottom-up at the individual data available by each government.

Of these 16 countries, 14 have figures on how much debt is owed to China (for the full analysis see Appendix 1.). Of these 14:

• 11 owe less than 18% of their debt to China (Burundi, Cabo Verde, Central African Republic, Chad, Gambia, Ghana, Mauritania, Mozambique, Sao Tome and Principe, South Sudan, Sudan and Zimbabwe).
• Three owe more than 24% -Djibouti (68%), Zambia (30%) and Cameroon (29%).
• The mean average amount owed to China is 15% of a government’s external debt, and the median average is 8%

Read Complete Report: Who Is Africa Debt’s Owed To?

The Debate On China’s Role In Africa; A Different Point Of View

The Council of African Security and Development-CASADE has published my article regarding the debate over whether China is forcing African nations into a new ‘debt trap.’ Despite the propaganda from some Africans and Westerners, China is not the new imperialist in Africa. You can read my analysis below.

CASADE: COUNCIL ON AFRICAN SECURITY AND DEVELOPMENT