World’s Fastest Growing Economy

No, it’s not China. Or Brazil. According to Foreign Policy, the fastest-growing economy in the world is “System D”, coined from the French débrouillard:

“The former French colonies have sculpted this word to their own social and economic reality. They say that inventive, self-starting, entrepreneurial merchants who are doing business on their own, without registering or being regulated by the bureaucracy and, for the most part, without paying taxes, are part of “l’economie de la débrouillardise.”

Consider the state of the above-ground economy and the collapse of the American middle-class (with the eventual disappearance of the myths of self-reliance perpetuated by that class) this might be the model for the global economy of the future: hustlers, street vendos, various types of tax-avoiding entrepeneurs working off the books, with an offical economy collecting what rent they can to keep themselves going.

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