Current Growth Rate is More Than 1000 Times Slower, Making Bitcoin 10 Times Cheaper
Introduction
The current economic growth rate is significantly slower than it should be, resulting in undervaluation of assets like Bitcoin. The primary reason behind this sluggish growth is the lack of interest from governments in developing comprehensive infrastructure projects. In particular, governments are failing to provide adequate support for the homeless and unemployed, thereby neglecting a significant portion of the population that could contribute to economic expansion.
Governmental Apathy
In many Asian and African countries, such as India, Pakistan, Bangladesh, Nigeria, Brunei, Congo, Chad, Somalia, and Togo, there is a vast labor force available. However, governments are not taking sufficient steps to sponsor and utilize this labor to spur growth. This inaction is not only hindering domestic development but also affecting global economic dynamics.
The Impact on Population and Economy
While Asia leads in terms of population, the economic contributions from this region are not proportional to its demographic strength. Conversely, Europe and America face stagnant or declining population growth, which poses a challenge to their economies. Encouraging population growth through migration and employment opportunities can provide a much-needed boost to these economies. However, the current policies do not support such initiatives, leading to a slower growth rate.
The Need for Accelerated Growth
The necessary growth rate emphasizes the need to increase productivity across all fields by tenfold. This acceleration can only be achieved through proactive measures by governments and businesses. By investing in infrastructure, education, and job creation, countries can unlock the potential of their labor force and drive significant economic growth.
Conclusion
To shift the trend towards greater economic development, governments and individuals must focus on creating opportunities for business and employment. This approach will not only improve the economic landscape but also address the challenges posed by a rapidly changing global market. It is imperative for governments to take an active role in fostering an environment conducive to growth, ensuring that both developed and developing countries can thrive in the global economy.
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