3 ms·
They haven't turned that quickly. Americans were richer than Europeans for centuries. The American colonies led Great Britain in purchasing power per capita fr
by blfr 7y ago
They haven't turned that quickly. Americans were richer than Europeans for centuries.
The American colonies led Great Britain in purchasing power per capita from 1700, and possibly from 1650, until 1774, even counting slaves in the population.[1]
Meanwhile India is only just tackling open defecation and hasn't yet cracked the top 100 (yes, hundred) for income per capita. The next few generations can relax and learn to live with the American empire.
[1] https://www.nber.org/papers/w19861 https://www.nber.org/papers/w19861
- deleted 7y ago[deleted]