Egypt's Doorknock Mission in Washington: Investment prospects amid regional turmoil    US think tanks map Middle East's post-conflict trajectory amid far-reaching economic, political risks    US military fuel shipments to Pacific expose strain of Iran war on global oil supply    Egypt allocates EGP 35bn for Sinai public investments over two years    Egypt rejects regional division, calls for peace over occupation, Al-Sisi says    Egypt's Prime Minister inaugurates $3 million Pearl Polyurethane factory in Sokhna    Egypt's Prime Minister inaugurates New Sefloon aluminium, cookware factory in Sokhna    Oil prices rise by more than $1 on Thursday    EGP 80bn allocated in FY2026/27 budget to boost production, exports: Finance Minister    Egypt marks Earth Day 2026, highlights progress toward green economy    Egypt maintains malaria-free status for second year, tests 58,000 samples    Pharco launches EGP 500m eye drops production line with annual capacity of 20 million packs    Egypt discovers statue likely of Ramesses II in Nile Delta    Egypt to switch to daylight saving time from 24 April    Egypt upgrades Grand Egyptian Museum ticketing system to curb fraud    Egypt unveils rare Roman-era tomb in Minya, illuminating ancient burial rituals    Egypt reviews CSCEC proposal for medical city in New Capital    Egypt, Uganda deepen economic ties, Nile cooperation    Egypt launches ClimCam space project to track climate change from ISS    Elians finishes 16 under par to secure Sokhna Golf Club title    EU, Italy pledge €1.5 mln to support Egypt's disability programmes    Egypt proposes regional media code to curb disparaging coverage    Egypt extends shop closing hours to 11 pm amid easing fuel pressures – PM    Egypt hails US two-week military pause    Cairo adopts dynamic Nile water management to meet rising demand    Egypt, Uganda activate $6 million water management MOU    Egypt appoints Ambassador Alaa Youssef as head of State Information Service, reconstitutes board    Egypt uncovers fifth-century monastic guesthouse in Beheira    Egypt unearths 13,000 inscribed ostraca at Athribis in Sohag    Egypt completes restoration of colossal Ramses II statue at Minya temple site    Sisi swears in new Cabinet, emphasises reform, human capital development    M squared extends partnership for fifth Saqqara Half Marathon featuring new 21km distance    Egypt Golf Series: Chris Wood clinches dramatic playoff victory at Marassi 1    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



How the West was lost
Published in Al-Ahram Weekly on 22 - 09 - 2011


By Lubna Abdel-Aziz
Why do great empires fall? We know why they rise; because of their strength--economic, ideological, military, etc. But why does an empire at the zenith of its power come crumbling down, over and over again? Maybe the Romans have an answer. Could it be as simple as the pyramid paradigm, what goes up, must come down? The questions may be facile and straightforward, but the answers are vast and varied, complex and convoluted. Mostly, it is economic. Often, it is the burden of supporting their own successes, or is it excesses, to the breaking point.
Rome was the centre of the civilized world for over 2 centuries, till it became too big, too rich and too complacent. It is not the only empire to rise and fall. History is replete with such examples. In the ancient world it happened in Egypt, Greece. and more. In the modern world it happened to the Arabs, the Ottomans, the French and the British, among others.. Rumblings of another power shift are ringing loud and clear.
The rise of the Western World started around the 15th century, with the discovery of the New World. Ever since, and for 5 centuries, Europe has shaped global history. We owe our present civilization to Western culture, philosophy, science and technology, commerce and communication, ideas as well as ideals. The world aspired to be European, to speak their languages, quote their poets, and even dress like them. Led by a then mighty British Empire, the West won over the world, politically and economically. They populated the two Americas, Australia, New Zealand, South Africa, and for all practical purposes, ruled Asia. They led the Industrial revolution, overlooked the slave trade, created large colonial powers and unleashed 2 World Wars. However, this preliminary magnificence, grew old and tired.
The US began to eclipse Great Britain in 1914. By the time WWII came roaring, in 1945, the power had already shifted to the US.. America enjoyed superpower status. It led by an idea supported by its success, despite Russia's challenge. When they substituted the idea with their army, is when they began to lose the battle of the idea.
The mighty West, once so illustrious, so imposing, will no longer dominate the New World Order. Why? It ceased to be the engineer of growth. It stopped manufacturing goods. Westerners became affluent and idle. In an effort to marry the philosophies of capitalism and socialism, they offered their citizens every convenience. Free education, free healthcare, free benefits, early retirement, long vacations, the list is endless. Modest efforts to curb social benefits are resisted. The US is following suit. Something can be done about it, but nothing will be. Unless this comes to a screeching halt, the future outlook is grim.
Controlling population may be a sign of sophistry, but for Europe, it is apocalyptic. With a birth rate of only 1.4 children in Germany, 1.5 in Italy, its population is shrinking. At this rate, "there won't be many Germans in Germany, or many Italians in Italy". At present, 1/6th of the population is over the age of 65, by 2050 it will be 1/3rd-- all expenses paid. . Immigrants may be the answer, but Europeans hate their immigrants and want no more. With so many elderly heavily dependent on government benefits, a strong economy is needed, and Europe's economy is already faltering. The glory of Europe will soon be extinguished.
Consider the pitiful situation in Greece. Portugal, Ireland, Italy and Spain, are sure to follow. The European Union, and the one currency, may have added to the crisis. It was Winston Churchill who expressed a wish to build a "United States of Europe". How eloquently would he describe the present predicament? Even Germany, the strongest economically, will rank in future GDP growth between Thailand and the Phillippines, the weakest countries in Asia.
According to the UN, the global population will reach 9.2 billion by 2050, from the current 6.8 billion. Where do you think the labour force will increase most? in Asia and Africa. The working age population will decrease by 110 million in Europe. The number of dependents per 100 workers, will be 74, to Asia's 54.
Why is China considered the new economic power of the future?. Financial expert Jim Rogers thinks it is because they right the wrong. "Printing money only makes things worse, not better". Joseph Stiglitz, Nobel laureate in Economics, praises China's $2 trillion in reserve, "for a rainy day." The US at present has more debt than it has reserve.
India is next in line. Its strong economic reforms during the last decade accelerated its economic growth, making it the10th largest in the world by GDP and the 4th largest by Purchasing Power parity. India is the second largest growing economy, largely due to its Telecommunications industry.
Brazil comes rushing in to claim 3rd place. Where does that leave the US? Unless they can learn to live within their means, the outlook is grim. Elementary, wouldn't you say!
Great Empires are blinded by their power. Their grandiosity is apt to grow mouldy. They fail to see what is crystal clear, what is elementary. Speaking of being blinded, the great US, blinded by its unbending support for Israel, is sure to veto Palestinian request for statehood at the UN's General Assembly. How should the Arab world feel, contempt or pity for the blind? Elementary!
Civilization is a movement, and not a condition, a voyage and not a harbour.
-- Arnold Toynbee (1889-1975)


Clic here to read the story from its source.