could say no. do you remember that book from 89, the japanese were going to turn us into their grainery. russia $1.4 trillion. it seems if we just take care of the home team together, this is what i wish politicians would explain, it is $40 trillion of strength and wealth and you look at our defense spending it dwarves like china, russia, and all of the enemies every day and yes, we should still be concerned, but i wondering if we re continuing to focus too much on the wrong thing instead of focusing on how important it is having good relations with our best allies, how important that really is and how we re unasaleable if we take care of things first. this is a lesson that it is always sensible to remember the
that s a big deal. we ve recovered a lot of it. we understand now all the shell companies that these criminal syndicates use, and putin knows this. and so we re coming after him in a very competent, quiet way. and i don t think biden needs to say anything about that. he s just doing it. so my view is, that putin should be much more scared of this meeting than biden. and i think we ll be pleased. richard haas, i want to just put into perspective how important it is for our viewers that the united states has once again realigned with g-7 countries. realigned with nato. realigned with the eu. our gdp last year was around $20 trillion. the eu s gdp, along with great britain, if you add great britain, $19 trillion. you re looking together, when we re working in one accord, an economic powerhouse of over $40
as well, to pay the profits they make anywhere in the world. disagreements arrest the race to the bottom as going on among nations that attract corporate investment at the expense of priorities like protecting workers and investing in infrastructure. we made momentous commitment at the g7 to help meet more than $40 trillion need that exists for infrastructure in the developing world. i put forward an idea named the build back better world partnership which is the point is what is happening is china has an initiative that we think there s a much more equitable way to apply for the needs of countries around the world and it is a values driven
in our support of global economic recovery by laying the foundation for an equitable global economy. critically, the g7 leaders endorsed a global minimum tax of 15%. so many corporations have engaged in what are essentially tax havens, deciding that they would pay considerably less in other environs around the world. this is going to make sure that there is a minimum tax and i m going to move on this at home as well. a minimum tax for corporations for the profits they make anywhere in the world. and this agreement is going to help arrest the race to the bottom that has been going on among nations attracting corporate investment at the expense of priorities like protecting our workers and investing in infrastructure. we have also made a momentous commitment at the g7 to help meet more than 40 trillion need
and this agreement is going to help arrest the race to the bottom that has been going on among nations tracting corporate investment at the expense of priorities like protecting our workers and investing in infrastructure. and we made a commitment to help meet more than $40 trillion need that exists for infrastructure in the developing world. i put forward an idea that was called we named the build back better world partnership, which is we re calling it the b-3w and china has the belt and road initiative and we think there is a better way to provide for needs of the countries around the world. so it is been it is a values driven high-standard transparent mechanism we re going to provide