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I've heard this argument many times but it never rang true to me. Here is why: Every nation has gone true adversity and many had bounced off in a matter of yea

by blago 7y ago

I've heard this argument many times but it never rang true to me. Here is why: Every nation has gone true adversity and many had bounced off in a matter of years. The US economy has been dominating (measured by % of world GDP) since long before WW2. Ref: https://infogram.com/share-of-world-gdp-throughout-history-1gjk92e6yjwqm16 https://infogram.com/share-of-world-gdp-throughout-history-1... Also worth noting is that the US has faced its own headwinds including a civil war just a few decades before its ascent to global domination.

mixmastamyk 7y ago
Civil war was eighty years earlier and didn’t result in complete destruction due to lack of technology. In other threads mention the British tech giveaway, German scientists, and booming infrastructure compared to Europe and Asia in ruins. The can-do attitude was a multiplier. WWII was a hundred year boost.
- blago 7y ago
  > Civil war was eighty years earlier Earlier than what, the Great Depression? The civil war resulted in > 500,000 deaths and hardly made a dent in the upward trend that was already underway. > didn’t result in complete destruction due to lack of technology. Europe was rebuilt 60 years ago (infrastructure, industry, and all) > WWII was a hundred year boost. Not sure where you get this information but looking at the data I linked, WW2 provided a gentle touch before the US started to slide down and has been ever since.
  - mixmastamyk 7y ago
    It’s not hard to have an upward trend from zero. Also % of world gdp is not a great measurement. Numbers not great either. Europe lay in ruins in 1950, then rebuilt. A gradual tapering is unlikely. No down cycle for US civil war, very unlikely.