We’ve said before that places with declining populations don’t remain or become economic superpowers.
The historically low birth rates in Europe and the outmigration indicates that this continent will continue to shrink in population, economic output and industrial production over the next 25 years. Thankfully, the U.S. will continue to grow mostly due to immigration and HOPEFULLY a new baby boom.
For further evidence of Euro-sclerosis, here’s a list of the top 25 companies in the world. Exactly one of them is located in Europe, versus 20 in the U.S. So much for socialism’s warm embrace.
The post Not the European Century appeared first on Unleash Prosperity.
