A random find in a video lecture I watched today.
"In 1990-91, when comunism fell, the West had 80% of the world economy, purchasing power parity, and the rest of the world 20. Today, the West has basic purchasing power parity of 36%, and the rest of the world 64. That is, we have seen a massive shift. 88% of the world's population lives in non-Western countries. These countries control 70% of the world's foreign exchange reserves. What claim can the West then still make to moralize and determine the world against the backdrop of the changes in these coefficients that have taken place in the structures of this world? "
Volker Hellmeyer, former chief analyst of the Bremer Landesbank
Translated with
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