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The US margin on economic power isn't all that great, by GDP/PPP it's a long way behind China. Though from the POV of economic coercion, the question is probab
by ben_w 1y ago
The US margin on economic power isn't all that great, by GDP/PPP it's a long way behind China.
Though from the POV of economic coercion, the question is probably more like "what's the USA's import/export market like relative to all my markets including domestic?", which is going to vary wildly by industry.
> Ally with China, Iran and Russia to fight the US?
Replace Iran with the EU, and yes, some or all of them.
> EU as much as they dislike the US, has a laundry list of urgent domestic issues like Russia,
Urgent, but affordable.
> no cheap energy, no tech industry,
Energy isn't meaningfully worse than anyone else, lots of tech but it's mostly local rather than global in scale
> ageing population, economic stagnation or even decline,
Like everyone else, including the USA
> collapsing welfare system
News to me. Also: Wasn't the USA's supposed to collapsing since Obama took power?
But also, not a unified welfare system over all member nations of the EU.
> illegal immigration leading to a rise right wing extremism leading to crackdowns on freedom of speech and censorship.
Is it, or is that a narrative? And specifically, is it doing this worse than the USA today?
- neves 1y agoUS is a lot richer than China. GDP/PPP does not count the number of citizens.
- ben_w 1y agoIf per capita was what mattered, the US would be kowtowing to each of Luxembourg, Singapore, and Ireland. The US does not, because "per capita" isn't as important as "per government". The mean wealth/income per person in the USA is indeed higher than China. So what?