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Author Topic: Economic Might is Right


Alcuin
Moderator
Posts: 1007
Economic Might is Right
on: October 14, 2017, 11:36

The USA is still about 24.9% of the world economy. Source:
https://knoema.com/nwnfkne/world-gdp-ranking-2017-gdp-by-country-data-and-charts
The EU is about 22% of the World Economy...
https://fullfact.org/europe/eu-has-shrunk-percentage-world-economy/
The UK is the world's a fifth (GDP) or a ninth (PPP) of the world economy.

The significance of this is important for many issues. Can the USA enforce its sanctions on Iran if the EU decides not comply with them? Is the USA determined enough to (for example) sanction or fine EU and UK banks and companies for their services and trading with Iran?

Will access to the single market prove so vital to the UK economy that the EU can largely enforce its four principles on UKGov? (Free movement of goods, capital services and labour). Or enforce the influence of ECJ decisions? (European Court of Justice).

In a world where there is less done through international agreements and democracies have looser cooperation, what happens may be a matter of the strongest negotiating position.

Nothing to do with atheism or secularism? A most convincing argument is a single, successful economy. It may be harder to convince people of the value of democratic, secular society if Western Democracies harm our own economies by in-fighting. And the only thing atheists have in common is that we aren't superstitious.

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