Agreed. Which puts the claim that 'decreased competition in markets from flattened economies of the losers helped American manufacturing', in an equally foggy light.
Hmm, i've definitely heard that story about decreased competition being a factor in USA post-war prosperity, but I seem to have been misinformed, since after looking at [1], it was due to a lot of things - namely increased fertility and farmers learning how to do more economically valuable jobs - but not from them winning the war.
What's very sad is when you read a little further on about the USA economic decline after 1970 to today...
Anyway thank you for letting me know I was being a dingus!
What's very sad is when you read a little further on about the USA economic decline after 1970 to today...
Anyway thank you for letting me know I was being a dingus!
[1] https://en.wikipedia.org/wiki/Economic_history_of_the_United...