Learning From the BRICs

Between 1999 and 2011, the combined GDP of the US and the EU -- the heartlands of Wall Street neoliberalism and Wall-Street-wannabe euroliberalism, respectively -- plummeted from 58.9% of world GDP down to 45.5%. During the same period, the BRICs share of world GDP went from 4.1% to 19.3%.
The BRICs didn't succeed by imposing austerity on the majority of their people. They grew by ending austerity and by investing heavily in education, science, health care, and infrastructure for all.

We can end the Great Downpression tomorrow, my fellow Americans and Europeans. Junk austerity, spend on people instead of bombs and banksters, and voila -- 99% of our problems go away.