4 ms·
The GDP of the USA overtook that of the British Empire in 1916 (which is actually a lot later than I was expecting): https://en.wikipedia.org/wiki/Economy_of_t
by arethuza 1y ago
The GDP of the USA overtook that of the British Empire in 1916 (which is actually a lot later than I was expecting):
https://en.wikipedia.org/wiki/Economy_of_the_British_Empire https://en.wikipedia.org/wiki/Economy_of_the_British_Empire
- bamboozled 1y agoDo you think the GDP of the USA will keep growing / maintain if it isolates itself further?
- hollerith 1y agoYes. The US economy is not particularly dependent on international trade. If it were, Trump's silly tariffs would have been stopped by now.
- bamboozled 1y agoYou seem to be contradicting yourself. One of the key goals of the tariffs is to bring back manufacturing to the US. Yet you're saying the US doesn't rely on trade, which one is it? Manufacturing is offshored so you need tariffs to bring it back onshore and make foreign goods less comeptitive. or America is highly self-sufficient and doesn't need much, negating the entire purpose of tariffs in the first place...so why apply them at all if they have no effect
- hollerith 1y agoI never expressed support for Trump's tariffs. I even called them "silly"!
- bamboozled 1y agoI didn't say you supported them, I'm just pointing out the floor in the logic presented. Tariffs would be useless if trade wasn't important to the US.
- graemep 1y agoI think the comment you are referring to is employing hyperbole to make a point. It is not accurate to say the British Empire "ruled the world" (just large chunk of it) nor that Britain is a small island no one cares about now. The point is that it has gone from being an economic and military super power to being a second tier power. The point is these things change over the long term. In a hundred years from now it is likely the super powers will be different - most likely China and India, simply because of their size.