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What was the economy difference between founding states? I don't care about rural urban divide. I care about states that can effectively be purchased by a ric
by peteradio 7y ago
What was the economy difference between founding states? I don't care about rural urban divide. I care about states that can effectively be purchased by a rich individual having same say as states with country sized economies. At the time of founding individual states were bringing something to the table.
- mdorazio 7y agoWe could look at state-level GDP as one measure, but I don't think it's as clear-cut as you think - see [1]. There's a significant amount of money in farming, livestock, and manufacturing, which tend to cluster in "cheap" states. I think you make a good point about concentration of wealth at the state level, though. There's probably a case to be made that rural states are more susceptible to control by a few individuals/corporations that make up large segments of the state's economic output. It's worth noting that economic inequality is usually higher in states with bigger economies, though [2]. [1] https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ... [2] https://en.wikipedia.org/wiki/List_of_U.S._states_by_Gini_coefficient https://en.wikipedia.org/wiki/List_of_U.S._states_by_Gini_co...