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US from 1870-1910 is much more analogous to China from 1980-2030 than Germany surely. Rapidly industrialising, large untapped low skilled population, abundant n
by willyt 14y ago
US from 1870-1910 is much more analogous to China from 1980-2030 than Germany surely. Rapidly industrialising, large untapped low skilled population, abundant natural resources, people generating large personal wealth very quickly. However, like Britian in early 20th C the US has excessive military spending and burgeoning debt. You could argue that post war austerity in Britian (to pay for the cost of the wars) is what destroyed entrepreneurialism, which had been prevalent in Britain right through the Victorian era, by restricting access to capital for investment in industry.