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by h4x0r12345
1760 days ago
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Are you typing on a Chinese computer or a US computer? If you were using a computer 25 years ago, what about then? Made in USA or China? And how's your infrastructure looking these days? Last time I was at LAX 10 years ago it looked worse than a third world country airport |
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I don't know. You tell me. You also didn't answer the question. Do you think the US economy shrank by 50% or not?
I see what you're getting at though. Basically, "since everything's made in china rather than the US, it's totally feasible that the US economy shrunk by 50% over 25 years". However, that's flawed for two reasons:
1. "manufacturing" =/= "the economy". As you might know, the US is primarily a services based economy. A quick google search says it accounts for 67% of the GDP.
2. raw gdp only dipped 3.6% in the 2008 recession. 50% is 14x that. I find it hard to believe that our economy experienced fourteen Great Recessions and never recovered.
>Last time I was at LAX 10 years ago it looked worse than a third world country airport
That's not hard to believe, considering that many oil states are loaded with cash and are "third world" (in the truest sense of the word). The third world is also filled with dictators who can fund glamor projects without taxpayer objection. See also: north korea.