Such as “America was made rich by slavery” (slavery abolished in 1865, the US became the largest economy in 1876 and has stayed so since).”
Leftists live on catchphrases: “America was made rich by slavery” (slavery abolished in 1865, the US became the largest economy in 1876 and has stayed so since).
And even more popular: “Switzerland is rich because of the money deposited there by the dictators of the world.” In reality, banking is only 12% of its GDP, and that includes all banking, not the Swiss secret accounts of the third world corrupts.
Switzerland is rich because it is a Chemical and Farma giant. Agriculture contributes only 1% in its GDP. Even watch industry contributes less than 5% of its GDP.
Its chemical and farma industry is a gift of Huguenots, the French Protestants, who were massacred and driven out by the French Catholics in 16th century. (Our Bengali refugees were digested by CPM, and Punjabi refugees were strangulated by Nehru’s socialism.)
Its GDP is US $ 668 billion, exports are US $308 billion, and imports US $299 billion. So much for Mohan Gandhi’s village self-sufficiency! Actually, productivity is prosperity, and productivity comes from division of labour, and division of labour comes from trade.
99% of Swiss industry is SME. GST (called VAT) is 8%, 3.8%, and 2.5%, lowest in Europe. No, Nirmala ma’m, the evil Swiss are not redistributing their incomes.
And yet, they have the second highest per capita income in the world.
(Asia, the poorest continent, imports 55% of Swiss watches, whereas the richest continent, America, imports only 14% Swiss watches. When internally you know you are fake, you seek reassurances in ornaments.
