Felix Zulauf on private sector shrinking in the West and growing in China

In think the private sector is constantly shrinking relative to the government sector.  We see that going on everywhere, even in the U.S.  In the U.S. we have jumped from the low 20% several years ago; we are now up to the upper 30% of government share of GDP.  In the European Union we are at 59%, so more than half.  In France we are at 64%.  In China we are at 35%, and I have been traveling to China when it was at 100%.  They have gone in the other direction.

~ Felix Zulauf, interview with Adam Taggart, Essential Investing, 8:25 mark, December 27, 2022