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by overfeed
68 days ago
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> There is a plausible argument that it’s causal. Europe had weaker kinship ties—for various reason Explain China[1] and its steep ascent, blowing past all European countries, and soon - the USA. 1. Or India, to a lesser extent. There's a lot of recency bias when it comes to economic outcomes, as if we're at the end of history. I'm guessing at least one 19th century British industrialist/gentleman probably praised their Anglo-Saxon heritage and the Protestant (Anglican) faith as necessary ingredients to national wealth, as opposed to the fallen Catholic empires of Spain and Portugal, or the heathens in Africa, the Indo-Pacific, the Middle and far East. |
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China's GDP (PPP) is somewhere around $30k, depending on whose numbers you like, which does beat such lighthouses of Western capitalism as Albania ($25k) and Ukraina ($20k but they also have a good excuse), but isn't in any obvious danger of "blowing past" the likes of Serbia ($35k) and Bulgaria ($45k), much less the USA ($90k).