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The US has been outperforming since the Second World War but the most notable property is how consistent that performance has been decade over decade. Those con
by jandrewrogers 3y ago
The US has been outperforming since the Second World War but the most notable property is how consistent that performance has been decade over decade. Those consistent small differences in per capita GDP growth rates compound to a big absolute difference over the course of a century.
As an interesting correlation, modern institutional venture capital was invented in the US immediately following WW2, and was producing notable outcomes by the 1950s. That has never really been replicated anywhere else.