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IIUC GDP per capita is roughly the arithmetic mean? The United States is winding down it’s run as the most productive, innovative, dynamic economic superpower
by benreesman 5y ago
IIUC GDP per capita is roughly the arithmetic mean?
The United States is winding down it’s run as the most productive, innovative, dynamic economic superpower in the recorded history of humanity. That was inevitably going to create the odd Ken Griffin, or Jim Simons, or Jeff Bezos or whatever.
But to the median person, it’s cold fucking comfort that Bezos is dragging the average up via his useful deployment of capital while they are literally cold.