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> We were told that democracy and development go together. That free markets require free politics. That our system was the "end of history." People and develo
by jameslk 1y ago
> We were told that democracy and development go together. That free markets require free politics. That our system was the "end of history."
People and development go together. The more people you have, the more development you can have. India is experiencing a similar early growth trajectory (from a GDP and energy use perspective), because like China, they have over a billion people. Comparatively, the US for example, has a few hundred million people.
Historically, this has always been the case. China and India were the most populated places and biggest economies for much of the past several millennia
What held China and India back the past few centuries? The west, through its Opium wars and colonialism. Globalization accelerated a reversion to the mean
The takeaway here shouldn't be to end democracy and turn to state capitalism or mercantilism. For the US to keep up, it will need more people. Or AGI I guess
- tokioyoyo 1y agoIt can have the same trajectory, but no city in India can match an average T3 city in China in terms of QoL. Some countries, I think, are just doing better at utilizing their resources and sheer number of people than others.
- jameslk 1y agoQoL is one measure sure, but I'd consider it a lagging indicator. I look at GDP growth rate and energy usage to get a better idea of where things are headed https://www.eia.gov/todayinenergy/detail.php?id=42295 https://www.eia.gov/todayinenergy/detail.php?id=42295