Wednesday, November 30, 2011

Corporate financial guy: 'The West is finished'

Kind of a remarkable blatt from a corporate executive, saying something many eco and sustainability-minded people have been saying for a long time: The economies of the developed nations can't just keep expanding forever. In fact, he suggests we're at a sun-setting moment now.

"We suffer from no growth and we suffer from imported inflation -- that means we have negative real growth and societies fracture when you have negative real growth and quite simply our society faces fractures for trying to stick Europe back together again is not going to work with that underlying paradigm, unless you can create five percent growth to overcome that imported inflation," Murrin explained.

Murrin said that the East was depending less on the West and the rise of a consumer society was the first step in the expansion of an economic empire.

"If you look at the cycle of an empire system from regionalization to expansion to empire, the first phases of that catalyst are when you have a self fuelled consumer society and so actually that process of building your consumer base which is really what's going on in China, day by day their consumer base increases and the dependence on the West decreases," he said.

Murrin added that while China is by far the biggest emerging economy and would be at the center of a new economic order, other emerging nations were set to join the BRIC countries (Brazil, Russia, India, China) and new political orders and alliances would come about as a result.

"This isn't just a BRIC story, this is the end of the Christian Western Empire versus the rise of the whole emerging world led by China as the foremost and most powerful," Murrin told CNBC.

Oh well! had to happen sometime!

And he's not even taking into account global warming and its catastrophic affects, which are in part the subject of this near-apocalyptic screed, on So see, it's not just paranoid right-wingers who are sure the sky is falling. It's also depressed corporate types who see no chance for their 401Ks to recover, and futurist types, though that latter guy is probably a libertarian of the Scott Adams variety.

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