Growth and Decline of Economies of Europe and US
By Bhaskar Sarkar
Published: September 7, 2012.
The wealth of Europe and the US was built on ethnic cleansing, slave labor and colonies. Non availability of these resources is the primary cause of the decline of the developed economies. The financial conditions of central governments, state governments, municipalities and the people of the developed world are not going to improve unless there is a major change in their economic policies.