The Decline of the West: Capital, Labor, and Technology According to Moyo

This text provides a thorough analysis of the contemporary Western economic crisis, drawing on the thought of Dambisa Moyo. The author challenges the traditional understanding of GDP, defining capital as a condensed form of trust and an institutional promise of future reward. The article exposes systemic pathologies such as the financialization of the economy, the treatment of pension systems as Ponzi schemes, and the destructive impact of credit-financed speculative bubbles. It highlights the dangerous shift of economic center of gravity to the East and the process of technological self-expropriation. A key conclusion is the need to abandon the short-termism of political elites and embrace long-term thinking about productive assets, innovation, and meritocracy, which is essential to saving the foundations of Western prosperity from inevitable aporia.