Western countries (particularly Britain and Europe) have been experiencing stagnation or decline for approximately 15+ years; describing economies as 'in recession' using only aggregate statistics masks the reality that 'for a substantial part of the population, it is in recession.'
factualpending
Speaker
John RapleyEvidence Quote
“for a substantial part of the population, it is in recession... aggregate figures... in very good shape... public opinion surveys... there's a great deal of gloom there”
Source
Rich Countries Are the Most Likely to COLLAPSE | Aaron Bastani Meets John Rapley— Novara MediaCreated: 8/11/2026, 4:59:43 AM
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