Summary:
The book presents a critical analysis of policy mistakes made by Western governments that have led to economic decline, arguing that flawed decisions in areas such as technology, education, and government debt have eroded the West's competitive edge. It also explores the consequences of these errors and offers stark choices that need to be made to avoid further deterioration and to regain economic stability and growth.
Key points:
1. Capital Misuse: Moyo claims the US has wrongly invested in unproductive assets and debt-driven spending, causing economic slowdown and reduced living standards.
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