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Yes, those are good points. US is in an excellent position (but not as good as the average American think). In 1960 the US was 40% of the world economy (in nom
by cambalache 6y ago
Yes, those are good points. US is in an excellent position (but not as good as the average American think).
In 1960 the US was 40% of the world economy (in nominal terms). Right now is around 24%, it was 22% when Trump was elected.This number will decrease even further in the upcoming decades.
Regarding per-capita, quality-of-life measures, things like HDI, Gini coeffcient, Corruption Perception, Food and Enviromental protections the US tend to be in the middle of the pack for the OECD countries, usually around position 10-20. This was unthinkable in the 1960s when America #1 was taking for granted.
- softwaredoug 6y agoHow much of being 40% of the world economy In the 60s is being the only economy left standing after WW2? From that perspective growth elsewhere is just about inevitable... the short sightedness is perhaps not recognizing that the 60s was the anomaly, not the status quo