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> The US economy depends on the country's position of world hegemon Unfortunately, the data doesn't back this up. The US economy is actually one of the least t

> The US economy depends on the country's position of world hegemon Unfortunately, the data doesn't back this up. The US economy is actually one of the least trade-dependent nations in the world. 27% of GDP is trade-oriented (The value of imports and exports as a function of GDP), while the global average is 63%. The US is so developed, that even if the country was completely cut off from the world and operated as an internal economy it would still remain the world's largest.

AnthonyMouse 8mo ago
That's mostly a result of you using percentages rather than dollars and the US being one of the largest countries. 27% of US GDP is 165% of Germany's GDP and Germany is the third largest economy in the world after the US and China.
mndgs 8mo ago
Nonsense. If 27% of GDP is suddenly gone, how US economy could be the largest? (rest of the world can substitute US trade between itself)
- oceanplexian 8mo ago
  The US Economy is 53% larger than the next largest, China, in terms of real GDP (Not fake PPP nonsense). 28T vs 18T.
  - ben_w 8mo ago
    How is PPP "fake"? Nominal only matters specifically for trade, which in this hypothetical is the thing the USA is expressly failing to do.
  - anukin 8mo ago
    PPP is more relevant than gdp nominal.
deleted 8mo ago
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HlessClaudesman 8mo ago
Become a hermit kingdom to own the libs. At a certain point we have to ask: what is the point of politics? Who are we doing all this civilisation stuff for? Is a nation an engine of prosperity to enrich the lives of its people, or a life support system for the Dear Leader?
llm_nerd 8mo ago
>The US is so developed, that even if the country was completely cut off from the world and operated as an internal economy it would still remain the world's largest. That's a pretty enormous assumption. The US economy tends to crash into a smouldering ruin on the tiniest fluctuation in the inputs. The notion that you could abolish 27% of the real GDP and everything else just continues is not reality based. The US is barrelling towards a natural debt limit and that alone is going to be utter catastrophe for an economy that is fuelled by an insane amount of debt spending. The fact that some of the cons, like Trump and Graham, are trying to extract as much as they can as quickly as they can is telling enough. The US economy is a tenuous mirage. Like Americans constantly love showing the fun charts demonstrating that various backwater, poor, Methville states with negligible business or industry have a higher GDP / capita than most developed nations. Sure they do.

AnthonyMouse 8mo ago

That's mostly a result of you using percentages rather than dollars and the US being one of the largest countries. 27% of US GDP is 165% of Germany's GDP and Germany is the third largest economy in the world after the US and China.

mndgs 8mo ago

Nonsense. If 27% of GDP is suddenly gone, how US economy could be the largest? (rest of the world can substitute US trade between itself)

oceanplexian 8mo ago
The US Economy is 53% larger than the next largest, China, in terms of real GDP (Not fake PPP nonsense). 28T vs 18T.
- ben_w 8mo ago
  How is PPP "fake"? Nominal only matters specifically for trade, which in this hypothetical is the thing the USA is expressly failing to do.
- anukin 8mo ago
  PPP is more relevant than gdp nominal.

deleted 8mo ago

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HlessClaudesman 8mo ago

Become a hermit kingdom to own the libs. At a certain point we have to ask: what is the point of politics? Who are we doing all this civilisation stuff for? Is a nation an engine of prosperity to enrich the lives of its people, or a life support system for the Dear Leader?

llm_nerd 8mo ago

>The US is so developed, that even if the country was completely cut off from the world and operated as an internal economy it would still remain the world's largest. That's a pretty enormous assumption. The US economy tends to crash into a smouldering ruin on the tiniest fluctuation in the inputs. The notion that you could abolish 27% of the real GDP and everything else just continues is not reality based. The US is barrelling towards a natural debt limit and that alone is going to be utter catastrophe for an economy that is fuelled by an insane amount of debt spending. The fact that some of the cons, like Trump and Graham, are trying to extract as much as they can as quickly as they can is telling enough. The US economy is a tenuous mirage. Like Americans constantly love showing the fun charts demonstrating that various backwater, poor, Methville states with negligible business or industry have a higher GDP / capita than most developed nations. Sure they do.