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One aspect to it is that today a smartphone costs a few hundred dollars. Back in the day, no amount of money would allow you to buy one. Maybe to compare East I
by arithma 7y ago
One aspect to it is that today a smartphone costs a few hundred dollars. Back in the day, no amount of money would allow you to buy one.
Maybe to compare East India to current top companies, you'd need to compare the percentage of global GDP to estimate how big they are (and how large they'd most likely be if they continued to exist.)
The base/average salary comparison also makes a lot of sense.
- digitaltrees 7y agoThis is great analysis. If you think about the amount of global trade that was controlled by the Dutch East India Co, there is no modern company even close. Apple isn't even close, the have a small sliver of a small part of the global economy. Even Exxon, is only one small part of the economy.