Are developed nations in decline?

Developing Countries Optimism

I found this fascinating Infographic in a recent report by the Resolution Foundation – which shows how people in rich countries tend to be pessimistic about their children’s futures, while people in poor countries tend to be optimistic.

These are only indications of how people feel, and feelings don’t necessarily reflect the actual prospects for children having a better life, but they do capture something of the ‘public mood’ or maybe even the ‘collective conscience’ in these countries, or do they?

Three related questions you might like to think about are:

  1. How valid are these data? Are people in France really THAT pessimistic? And are people in China really that optimistic?
  2. If you believe these stats to be valid, then why the differences? (Are we witnessing the rise of the developing nations and the decline of the developed world?)
  3. Are people in poor countries right to be optimistic, and are people in rich countries right to be Pessimistic>?
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